File Your Claim: Select Portfolio Servicing Force-Placed Insurance Class Action Lawsuit

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Select Portfolio Servicing Force-Placed Insurance Class Action Lawsuit

For all borrowers in the United States who, within the Class Period (July 11, 2010 through Oct. 15, 2015), were charged by a SPS under hazard LPI Policy for residential property and who, within the class period either paid to SPS the net Premium for that LPI Policy or did not pay SPS the Net Premium for that LPI Policy, then you are eligible for a potential award from the Select Portfolio Servicing Forced Planned Insurance Class Action Lawsuit! According to the lawsuit, SPS force-placed insurance on borrowers’ property in such a way that SPS received an unauthorized benefit. SPS denies all acts of wrongdoings but agreed to settle the forced-placed insurance class action to avoid the cost and risk of trial. So if you are eligible, file a claim no earlier than 7/25/2016 to receive your potential award!

More info here…

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Comments
One Response to “File Your Claim: Select Portfolio Servicing Force-Placed Insurance Class Action Lawsuit”
  1. Michael Durbois says:

    SPS has imposed several charges that they have not been able to explain on our mortgage. Our mortgage has not gone done in years but we pay over 2,000 per month.
    They charge fees that they can’t explain causing serious financial problems. We can t sell because we owe more than house is worth. Payments do not appear to be allocated correctly and no one knows anything when you try to speak with them. I have actually been hung up on many times, several times with a HUD rep on the phone as well. They could not believe it.
    Trying to leave them but don’t want them to get away with taking our money and can’t afford a lawyer to review all statements. I find it hard to believe they are stil in business.

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