Satisfaction of Mortgage

Nationstar Third Party Reconveyance Preparation Charges Class Action

This class action alleges that Nationstar Mortgage, LLC, which does business as Mr. Cooper, charged mortgage borrowers improper fees when their mortgages were released, assessing them a Third Party Reconveyance Preparation Fee or a Third Party Reconveyance/Release Preparation Fee, or something similar, even though neither the law nor their mortgage contracts permitted these fees.  Read more

Gregory Funding Payoff Statement Fees Not Yet Incurred Class Action

This class action concerns the kinds of fees mortgage servicers are permitted to add to payoff statements, and how those fees may be figured. The complaint sues Gregory Funding, LLC for two fees added to its payoff statement, alleging that the wire fee should not have been added and that the reconveyance fee is excessive.  Read more

US Bank, Ocwen, Wells Fargo Mortgage Satisfaction New York Class Action

When a homeowner has paid off a mortgage or home loan, the event must be officially recorded. The New York state laws specify that this proof of satisfaction must be presented to the appropriate New York county clerk within thirty days. The complaint for this class action alleges that US Bank, NA, Ocwen Financial Corporation,  Read more

Santander Bank Delays in Mortgage Payoff Recordings New York Class Action

When a person pays off a mortgage, both the principal and interest, the mortgage lender must present to the county clerk a satisfaction of mortgage or certificate of discharge document recording this fact. The complaint alleges that Santander Bank, NA delays in sending this type of document in and therefore owes its customers money.  Read more