Appeals court revives class-action suit against Nationstar for redundant flood insurance

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In February 2013, the Seventh Circuit Court of Appeals upheld a decision to dismiss a force-placed insurance class action lawsuit against Wachovia Mortgage FSB in which there were kickbacks paid to the bank by the insurance company because the class action lawsuit failed to state a viable claim for relief.

The suit is the third putative class action Alhassid has filed against Nationstar over the loan. As part of that reverse mortgage, Nationstar had the right to buy and charge Alhassid for flood.

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Appeals court revives class-action suit against Nationstar for redundant flood insurance Reverse mortgage borrower alleges "improper" insurance cost her thousands May 13, 2019

Participating in a Citibank Flood Insurance Lawsuit. One purported class action lawsuit has already been filed in New York on behalf of borrowers, alleging that Citibank and co-defendants force-placed excessive flood insurance, procured payment through escrow accounts and other deceptive means and arrange for kickbacks.

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High Risk Home Loan Mortgage Delinquencies Decline For the First Time in Four Years | No checking account loans Appeals court revives class-action suit against Nationstar for redundant flood insurance appeals court revives class-action suit against Nationstar for redundant flood insurance . Wait.

This page discusses the litigation process for flood insurance reform.BackgroundAfter Hurricane Sandy, 144,484 claims were filed by policyholders of the National Flood Insurance Program. Policyholders who were not satisfied with the National Flood Insurance Program payments they received after Hurricane Sandy had the option of filing a lawsuit in U.S. District Court.Litigation

appeals court revives class-action suit against Nationstar for redundant flood insurance Appeals court revives class-action suit against Nationstar for redundant flood insurance – The case was brought by Sarah Alhassid, who took a reverse mortgage on her Aventura. basis to believe that the borrower has failed to comply with the mortgage loan contract’s requirement to.