You could be eligible for a piece of $5.8 million—no paperwork required! Find out how to claim your cash now
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In a world where fine print and red tape seem to rule the day, here's a refreshing change of pace!
Americans have the opportunity to claim a share of a $5.8 million settlement without the hassle of digging up old documents. Are you eligible?
Nationstar Mortgage, a company that provides home loans and refinancing services, has agreed to pay out millions to resolve allegations of violating mortgage servicing laws.
These violations reportedly led to some borrowers unfairly losing their homes through foreclosure—a process where a property is repossessed due to missed mortgage payments.
The settlement is designed to benefit a specific group of borrowers. If you lost your home after your loan was transferred to Nationstar for servicing between February 1, 2011, and December 18, 2017, and your loan was marked 30 days overdue within 90 days of that transfer, you might be eligible for compensation.
Additionally, if you had your property inspected by Nationstar, found it designated as vacant, and had the locks changed, you could also qualify.
For this category, the lock change must have occurred between June 24, 2011, and December 29, 2017, and you must have requested access to the property within 30 days of the lock change.
Furthermore, if the status of your property was changed back to occupied after a subsequent inspection within 90 days of the lock change, you are also included in the settlement.
Nationstar is accused of committing numerous service errors and abuses that not only caused financial harm to borrowers but also resulted in some losing their homes.
While Nationstar has faced similar allegations in the past and agreed to settlements, this particular case highlights the ongoing need for vigilance in the mortgage servicing industry.
The exact amount each eligible borrower may receive has not been disclosed.
However, class members may have received a minimum payment figure in a notification letter. The size of the cash payment will depend on which settlement group you fall into.
If you believe you qualify for this settlement, mark your calendar—the deadline to submit a claim form is March 3, 2025. You can view the details and submit your claim through their website.
It's worth noting that this isn't the only settlement on the horizon for Americans.
There are other opportunities to claim compensation from large settlements, including a $21 million data breach settlement from insurers Arthur J. Gallagher & Co. for those affected by a cyber attack between June 3, 2020, and September 26, 2020. The deadline for this claim is fast approaching on February 10.
Additionally, insurers Progressive have agreed to a $3.25 million settlement over claims that they failed to protect clients' information. Eligible class members must submit their claim forms by February 18, 2025, to potentially receive up to $5,000.
Also read: Hapy Bear Surgery Center $8,050 data breach settlement
Do you have any questions or tips for dealing with settlements? Share your thoughts and tips in the comments below!
Americans have the opportunity to claim a share of a $5.8 million settlement without the hassle of digging up old documents. Are you eligible?
Nationstar Mortgage, a company that provides home loans and refinancing services, has agreed to pay out millions to resolve allegations of violating mortgage servicing laws.
These violations reportedly led to some borrowers unfairly losing their homes through foreclosure—a process where a property is repossessed due to missed mortgage payments.
The settlement is designed to benefit a specific group of borrowers. If you lost your home after your loan was transferred to Nationstar for servicing between February 1, 2011, and December 18, 2017, and your loan was marked 30 days overdue within 90 days of that transfer, you might be eligible for compensation.
Nationstar Mortgage has agreed to a $5.8 million settlement over allegations of breaking mortgage servicing laws. Image source: Henning / Pixabay.
Additionally, if you had your property inspected by Nationstar, found it designated as vacant, and had the locks changed, you could also qualify.
For this category, the lock change must have occurred between June 24, 2011, and December 29, 2017, and you must have requested access to the property within 30 days of the lock change.
Furthermore, if the status of your property was changed back to occupied after a subsequent inspection within 90 days of the lock change, you are also included in the settlement.
Nationstar is accused of committing numerous service errors and abuses that not only caused financial harm to borrowers but also resulted in some losing their homes.
While Nationstar has faced similar allegations in the past and agreed to settlements, this particular case highlights the ongoing need for vigilance in the mortgage servicing industry.
The exact amount each eligible borrower may receive has not been disclosed.
However, class members may have received a minimum payment figure in a notification letter. The size of the cash payment will depend on which settlement group you fall into.
If you believe you qualify for this settlement, mark your calendar—the deadline to submit a claim form is March 3, 2025. You can view the details and submit your claim through their website.
It's worth noting that this isn't the only settlement on the horizon for Americans.
There are other opportunities to claim compensation from large settlements, including a $21 million data breach settlement from insurers Arthur J. Gallagher & Co. for those affected by a cyber attack between June 3, 2020, and September 26, 2020. The deadline for this claim is fast approaching on February 10.
Additionally, insurers Progressive have agreed to a $3.25 million settlement over claims that they failed to protect clients' information. Eligible class members must submit their claim forms by February 18, 2025, to potentially receive up to $5,000.
Also read: Hapy Bear Surgery Center $8,050 data breach settlement
Do you have any questions or tips for dealing with settlements? Share your thoughts and tips in the comments below!
