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

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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

According to a class action suit against the banking giant, customers are being subjected to a "bait-and-switch" approach, where they are informed at closing that they must meet certain flood insurance requirements, but are later forced to pay for additional and unnecessary flood insurance. The High Cost of Forced-Placed Flood Insurance

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Appeals court revives class-action suit against Nationstar for redundant flood insurance . Appeals court revives class-action suit against Nationstar for redundant flood insurance . A federal appeals court in Florida overturned a previous ruling last week that will mean Nationstar will now have to face allegations from a reverse mortgage.

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.

2. If you file an appeal on any issue, that issue is no longer subject to resolution by appraisal or other pre-litigation remedies. 3. If you file suit against an insurer on the flood insurance claim issue, you are prohibited from filing an appeal. All appeals submitted for decision but not resolved shall be terminated

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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.

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