Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:The plaintiffs in this lawsuit allege that AHMSI (now Homeward Residential, Inc.) charged Florida borrowers arbitrary, excessive, and unreasonable amounts for the LPI placed on their accounts. This allegedly violates the Florida Deceptive and Unfair Trade Practice Act, breached the covenatn of good fair and fair dealing implied in their standard form mortgages, and the defendants were unjustly enriched.
Docket Number:502009CA034657
Company: Homeward Residential
Filing Deadline: August 29, 2016
Class Period: July 1, 2008 to March 31, 2013
Objection Deadline: July 15, 2016
Exclusion Deadline: July 15, 2016
Final Approval Hearing: July 29, 2016
Proof of Purchase: Eligibility:If you were or are a borrower with a loan secured by property in Florida who between July 1, 2008 and March 31, 2013, were charged by Homeward for one or more LPI policies, and who either paid some or all of this premium, or did not pay some or all of this premium but still owe some or all of this premium, you are a member of the Settlement Class and may be eligible for a mortgage escrow account credit or payment.
Typical Settlement Amount:12.5% of LPI net premium
Total Settlement Amount: $18,759,750
Class Representative Proposed Incentive Fee:$10,000
Law Firms:
Axelrod LLP
Law Offices of James A. Bonfiglio PA
Liggio Benrubi PA
Shapiro Haber & Urmy
Silber and Davis
Claim Form: Proof of Claim
Case Name: Julie Ann Rico v. American Home Mortgage Servicing, Inc.
Settlement Website: Homeward LPI Settlement
Claims Administrator:
Garden City Group, LLC
HOMEWARD LPI SETTLEMENT
c/o GCG
P.O. Box 10275
Dublin, OH 43017-5775
1-855-907-3221
Tags: Deceptive Insurance Practices, Forced Placed Insurance