Inspection Fees

Freedom Mortgage Automatic Inspections Settlement

Freedom Mortgage Corporation has agreed to settle a class action alleging it improperly or unnecessarily charged borrowers fees for property inspections. The complaint alleged it charged the fees for property inspections when mortgages it serviced were delinquent or in default.  Read more

Bank of America Excessive Fees on Defaults Class Action

This class action brings suit against Bank of America, NA (BOA) and Integon National Insurance Company alleging they conspire “to maximize fees assessed on borrowers’ accounts when they are behind on their payments.” BOA, the complaint alleges, requires things like repeated and unnecessary property inspections and force-placed flood insurance. These are added to the amount  Read more

Bank of America Unnecessary Property Inspections Class Action

On its first page, the complaint alleges that Bank of America, NA (BOA) “services home loans according to uniform practices designed to maximize fees assessed on borrowers’ accounts when they are behind on their payments.” The practices at issue? Charging customers for multiple unwarranted “property inspections” and for unneeded force-placed insurance.  Read more

Planet Home Lending Unnecessary Home Inspections Class Action

When are mortgage lenders required or permitted to make a visual inspection of the property if the mortgage is in default? If the mortgage is insured by the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD) has a regulation that governs that situation. The complaint for this class action alleges that  Read more

Freedom Mortgage Automatic Inspection Fees Class Action

The complaint for this class action alleges that Freedom Mortgage Corporation charges borrowers who default for unnecessary property inspections. The complaint alleges that this violates the mortgage agreements, which only allow for fees for services that are “reasonable and appropriate.”  Read more