A Settlement has been reached subject to Court approval in a class action lawsuit against NewRez LLC d/b/a Shellpoint Mortgage Servicing ("Shellpoint"), pending in the U.S. District Court for the Eastern District of Pennsylvania as Dutcher v. NewRez LLC d/b/a Shellpoint Mortgage Servicing, No. The plaintiff was granted the deed to his Pepperell, Massachusetts property in August 1995 and was secured a mortgage loan of a little more than $96,000 in June 2003, the lawsuit says. In order to receive compensation from the settlement, Class Members are required to submit a valid claim form by Nov. 12, 2019. to claim cash from in our Please provide any additional information about your inquiry. Paragraph 22 of the mortgage contract states that the mortgagee, prior to acceleration and foreclosure, is required to be sent by the defendants a default notice . You can change these settings at any time. A shellpoint mortgage lawsuit is a legal case in which the plaintiff's bank settles for a financial loss. According to the 16-page lawsuit out of New Jersey district court, Equifax prepared and issued for the plaintiff at least one credit report that included inaccurate information with regard to a debt owed to Shellpoint Mortgage. The plaintiff claims the erroneous information on his credit report has hurt his creditworthiness and credit score. On 11/13/2019 NEWREZ LLC FKA NEW PENN FINANCIAL LLC DBA SHELLPOINT MORTGAGE SERVICING, ET VIR filed a Property - Foreclosure lawsuit against BRITTNEY N BALL.This case was filed in Volusia County Circuit Courts, Volusia County Courthouse Deland located in Volusia, Florida. drug injury lawsuits and product liability lawsuits. Greenville, SC 29603-0826. You must contact the c/o KCC Class Action Services LLC. The complaint claims that Shellpoint violated the Fair Debt Collection Practices Act (FDCPA). Shellpoint Mortgage's main phone number is 1-800-365-7107. New Penn to become NewRez in 2019. Please download the PDF to view it: Download PDF. Claim Forms can be submitted online or through the mail. Per this settlement Shellpoint will provide a whooping $3.5 Million in principal reductions for allegedly violating several Massachusetts foreclosure laws and "failing to help homeowners avoid foreclosure.". Shellpoint Mortgage Servicing will provide Massachusetts homeowners with $3.5 million in principal reductions as part of a settlement with the state for allegedly violating Massachusetts . Debt collectors may also not attempt to collect debts . Shellpoint Partners could not be reached for comment. This field is for validation purposes and should be left unchanged. They can often cut through the red tape and give you the best chance for approval. Paragraph 22 of the mortgage contract states that the mortgagee, prior to acceleration and foreclosure, is required to be sent by the defendants a default notice that includes information on the plaintiffs right to reinstate after acceleration, according to the case. THE MOSKOWITZ LAW FIRM PLLC, Nerds, Runts, Spree Class Action Says Candy Contains Artificial Flavors, Causes of Cerebellar Atrophy Linked to Long-Term Use of Dilantin, Allianz Class Action Says Travel Insurance Policies Are Bogus. The promissory note was in the amount of $183,850. Therefore, the default/right to cure letters assertion that the [plaintiff] could pay the total past due amount before a foreclosure sale takes place to avoid foreclosure is potentially misleading and deceptive because the letter omits the conditions of paragraph 19 of the mortgage, the lawsuit summarizes. *** BOSTON - Massachusetts Attorney General Maura Healey has joined a $86.3 million multistate settlement with national mortgage servicer Nationstar Mortgage LLC and 50 attorneys general and other federal and state agencies that will provide nearly $2 million of dollars in relief to . Read complaints against Shellpoint Mortgage submitted to the Consumer Financial Protection Bureau, 2022 FairShake. shellpoint-mortgage-servicing-facing-fdcpa-class-action i-am-in-the-middle-of-a-lawsuit-i-filed-against-shellpoint-mortgage-20150809679700.html classaction-lawsuit-201709161101727.html A 2 star rating on Yelp with horrible reviews! Case No. They made my payments increase from $981/mo. Plaintiffs in the Shellpoint Mortgage Servicing class action lawsuit alleged the company violated the Fair Debt Collection Practices Act and the California Rosenthal Act by sending misleading mortgage statements to borrowers who were participants in the CARES Act forbearance plan.The settlement does not resolve claims the plaintiffs made under the Telephone Consumer Protection Act (). Newrez (NMLS #3013) is a mortgage lender that originates conventional and government-backed loans, including VA and FHA loans. Class Period: March 1, 2014 to April 4, 2019, Final Approval Hearing: September 13, 2019. According to LinkedIn their primary address is: 75 Beattie Place Suite 300 Greenville, SC 29601, US. No. In April, 159 people filed complaints against Shellpoint citing various issues; another 101 people filed complaints in May. Claim Form: Shellpoint Mortgage Servicing LPI Settlement Claim Form, Case Name: P.O. . The Bondyopadhyays sued foreclosure counsel in January 2019, again alleging mortgage fraud. Please see what other class action settlements you might qualify Cant get insured doctors recent fire in my area . The plaintiff has a pre-settlement hearing where he or she must prove the . The cat cozied up to the auctioneers. Here are some addresses you should have handy: Correspondence Address. It goes against your prior ruling from greentree, ditech, conceco. This is a higher than average score with the overall rating of Shellpoint Mortgage Servicing employees being 3.2 out of 5 stars. Boston A national mortgage servicing company will pay $2 million and undertake affordable loan modifications for affected Massachusetts homeowners, Attorney General Maura Healey announced today. After it was informed of the supposedly inaccurate information by the plaintiff, Equifax notified Shellpoint of the mans dispute, the lawsuit says. . Attorney C. Charles Townsend for Shellpoint Mortgage Servicing and U.S. Bank, NA . The lawsuit alleges that Shellpointforced borrowers to purchase unnecessary expensive hazard, flood, or wind-only insurance. The lawsuit claims the plaintiff disputed the accuracy of the Shellpoint information in his Equifax credit report in early November 2019, informing the latter that the debt was too old to be included and therefore was either listed in error or was illegally re-aged in order to look current. Equifax and Shellpoint Mortgage Servicing face a class action that claims the companies have illegally reported a time-barred debt on a consumer's credit report. Shellpoint Mortgage Servicing (Forced-Placed Insurance) . Filed Washington State Court of Appeals Division Two April 13, 2021 . Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. Ditech did not object to that plan and the court confirmed Abats plan on August 27. . mortgage borrowers default/right-to-cure notices containing misleading statements. Shellpoint, upon receiving the plaintiffs dispute, failed to conduct a reasonable investigation into the matter and continued to report false and inaccurate account information on the mans credit report, the lawsuit alleges. Mar 30, 2019. The letter is attached to the complaint as Exhibit A. New cases and investigations, settlement deadlines, and news straight to your inbox. Decide which cookies you want to allow. The micromanagement is unbelievable as well as the expectations set for the employees. Read our Newswire Disclaimer. Shellpoint is a third party collection company. This browser does not support PDFs. Instead, the company will settle the claims to avoid the costs and risks of continuing litigation through a trial. General Payment Address. Actions does not process claims and we cannot advise you on the Read the complaint here. New Penn Financial, LLC, which does business as Shellpoint Mortgage Servicing, has elected to settle a class action on the subject of LPI. New cases and investigations, settlement deadlines, and news straight to your inbox. The case involves an argument that the bank did not follow proper procedures when approving the loan. (sanderson, 4) My loan was bought from nationstar by Shellpoint. Shellpoint Mortgage Servicing has an overall rating of 3.2 out of 5, based on over 360 reviews left anonymously by employees. They have violmy cease and dissect order 7 times now. 27) were mailed via regular US Mail on 11/5/19 to: Cortenaye Moten , 4927 Laramie Lane, Kansas City, MO 64129. . This browser does not support PDFs. This is attached to the complaint as Exhibit B. It sent her a second letter just three days later, again trying to collect the debt. Abat was in default on the mortgage, and under this plan, she would hand the apartment over to Ditech and not make any further payments. Check the Department of Housing and Urban Development's website for non-profit organizations in your area which will assist you with your modification. Later that year, on December 17, New Penn Financial, LLC, doing business as Shellpoint Mortgage Servicing, acquired the rights to service her mortgage. How do I know if I qualify. Read our Newswire Disclaimer. The plaintiff behind the 28-page complaint alleges the default and right-to-cure notices he and proposed class members received from New Rez/Shellpoint are invalid and resulted in void foreclosures. Borrowers who paid for residential LPI between March 1, 2014 and April 4, 2019 may be eligible to receive back 8.875% of the Claim deadline is Tuesday, 12 . document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. Please download the PDF to view it: Download PDF. Tex. the content you have visited before, Advertising: Gather personally identifiable information such as name and location, Advertising: Use information for tailored advertising with third parties, Advertising: Allow you to connect to social sites, Advertising: Identify device you are using. Claims Administrator Contact Information: Chong v. Shellpoint Settlement Administrator. NOTE:If you do not qualify for this settlement do NOT file a claim. Remember: you are submitting your claimunder penalty of perjury. Shellpoint Mortgage Attempt to Collect from Person in Bankruptcy Complaint. On 04/10/2019 BOUAYAD filed an Other lawsuit against NEWREZ LLC. that reports on class action lawsuits, class action settlements, claims the plaintiff disputed the accuracy of the Shellpoint information in his Equifax credit report in early November 2019, informing the latter that the debt was too old to be . Terms and Conditions. 2019 Lawsuit In March 2019, the McGreals again sued Peak and Shellpoint, but also included Harris as a new defendant. 866-579-5212. This settlement will provide $500,000 to pay individuals that are part of the Settlement Class. The complaint for this class action claims that Shellpoint Mortgage Servicing ignored a bankruptcy plan that included a property it believed it was servicing. Fill out this form for a FREE and prompt case evaluation. July 2019 Complaints Against Shellpoint Mortgage - extended August 2019 Complaints Against Shellpoint Mortgage September 2019 Complaints Against Shellpoint Mortgage document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_3" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Please note: Top Class Actions is not a settlement Later, Ditech Financial, LLC was given servicing rights for the mortgage. of Resp't (Peak) at 8 n.1. KCC Class Action Services, LLC. Shellpoint Mortgage Servicing, LLC (5:19-cv-00292), California Central District Court, Filed: 02/15/2019 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets . We use cookies to improve functionality and performance, enhance user experience, and provide tailored content. Final judgment is entered by separate order. Box 404041. Louisville, KY 40233-4041. Shellpoint Customer Service Information: -Friday 8AM 10PM EST Sat 8AM - 3PM EST Toll-free: 1-(800) 365- 7107 Website: www.shellpointmtg.com Address for Borrower Payments: Shellpoint Mortgage Servicing Box 740039 Cincinnati, OH 45274-0039 Address for Correspondence: Shellpoint Mortgage Servicing PO Box 10826 Greenville, SC 29603-0826 Shellpoint Mortgage Servicing (Forced-Placed Insurance) . Gordon tried without success to correct the account, repeatedly explaining that he and Stella had been through bankruptcy and had been paying the mortgage on time ever since. This lawsuit attaches as exhibits letters from Shellpoint Mortgage (NewRez) expressly refusing to comply with California Military and Veterans Code 800. 2019-01192). Under federal law, this invokes an automatic stay that forbids any act to collect, assess, or recover a claim against the debtor that arose before the commencement of a bankruptcy case. The plaintiff was granted the deed to his Pepperell, Massachusetts property in August 1995 and was secured a mortgage loan of a little more than $96,000 in June 2003, the lawsuit says. Shellpoint Mortgage Servicing is one of America's "Top 5" non-bank servicers of residential mortgage loans, and over 2,500 employees work out of our offices in Greenville, SC; Houston, TX . So only have lender place insurance to cover their investment and its below the value of my home. They pay it as part of my mortgage. According to the lawsuit, the defendants conducted on February 24, 2020 a void foreclosure sale on the plaintiffs property, with the deed ending up with defendant Freddie Mac. A class action claims New Rez/Shellpoint and Freddie Mac sent to Mass. Who's Eligible: Consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019. Before commenting, please review our comment policy. Shellpoint Mortgage Servicing. 866-579-5212. The settlement will provide 8.875 percent of the premium charged to consumers. If youre unsure if you qualify, pleaseread the FAQ section of the Settlement Administrators website to ensure you meet all standards (Top Class Actions is nota Settlement Administrator). Cash or account credit of 8.875% of the LPI net premium charged to you by Shellpoint during the class period. This field is for validation purposes and should be left unchanged. The lawsuit, filed on October 19, 2020 in Massachusetts Superior Court, was removed to the states federal court on January 25, 2021. (McIlvain, Kelly) Modified on 11/5/2019: A copy of this Order and Clerk's Judgment (Doc. The settlement benefits consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019. Shellpoint Mortgage Servicing Federal Home Loan Mortgage Corporation NewRez, LLC, New to ClassAction.org? You do not need to provide proof of your Shellpoint mortgage or LPI, but you do need to provide proof of your identity. When it comes to mortgage servicers, Shellpoint Mortgage Servicing, which was acquired by New Residential Investment Corp (NewRez) in 2019, has a terrible reputation among homeowners. The class for this action is all natural persons living in the US who (a) between January 31, 2018 and the pendency of this case, (b) received correspondence containing language identical to that in the collection letters sent to the plaintiff in this case (c) in order to collect a consumer debt (d) during a pending Chapter 7 or Chapter 13 bankruptcy (d) in which the consumers were surrendering the collateral for the debt. The final approval hearing for the settlement is scheduled for Sept. 13, 2019. You are not eligible if your LPI policy was cancelled in its entirety and any premiums charged or collected were fully refunded to you or your escrow account or if you have a final foreclosure judgment foreclosing on the Shellpoint loan. Failure to file an amended complaint by that date will result in dismissal . on Shellpoint mortgage statements dated February 16, 2021, February 16, 2022, Shellpoint added charges to the Raymond loan account for "winterization." After 10+ years of . Dorothy Kerr Checa Chong v. New Penn Financial, LLC, d/b/a Shellpoint Mortgage Servicing, Settlement Website: Shellpoint Mortgage Servicing LPI Settlement Website, Claims Administrator: KCC Class Action Services, LLC, Chong v. Shellpoint Settlement Administrator The cases are dismissed, with prejudice. Shellpoint Mortgage Servicing, No. 866-579-5212, Adam Moskowitz Estimated Amount: 8.875 percent refund of premiums charged by . Opinion. PO Box 10826. The Judge overseeing this case is Kathryn Weston. The case argues the Shellpoint information included in the Equifax-produced credit report was inaccurate in that the time period in which the debt was legally allowed to be reported as a negative item had passed. For information on deleting the cookies, please consult your browsers help function. Equifax, the case further claims, did not evaluate or consider any of the information, claims or evidence presented by the plaintiff, and allegedly made no attempt to substantially reasonably verify that the negatively reported information under dispute was inaccurate. 2.0. Tex. Moreover, the default/right-to-cure letter received by the plaintiff violates Massachusetts law in that it failed to inform the homeowner that the right to reinstate expires five days before a foreclosure sale, the complaint claims. NEWREZ LLC d/b/a SHELLPOINT MORTGAGE SERVICING, as Servicer for The Bank of New York Mellon f/k/a The Bank of New York as Trustee for The CWALT, Inc., Alternative Loan Trust 2005-51, Mortgage Pass Through Certificates, Series 2005-51, Movant, Debt collectors may also not attempt to collect debts that have been settled via a bankruptcy. When individuals or companies are in bankruptcy, the law protects them from attempts to collect on debts that were undertaken before the bankruptcy case. 69%. status of any class action settlement claim. Read more here: Camp Lejeune Lawsuit Claims. Many lender placed insurance policies provide hazard, flood, or wind insurance coverage. In July 2018, plaintiff Dorothy Kerr Checa Chong filed a class action lawsuit against Shellpoint Mortgage Servicing . Shellpoint Mortgage Servicing Equifax Information Services, LLC NewRez, LLC, New to ClassAction.org? Shellpoint Mortgage is headquartered in Greenville, South Carolina. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. The lawsuit alleges that Shellpointforced borrowers to purchase unnecessary expensive hazard, flood, or wind-only insurance. All Rights Reserved. IN RE: CLAIRE DEES, Debtor. It keeps getting sent back to it and yet I never get anything back. Lender placed insurance policies are supplementary policies secured by a lender when a homeowners insurance lapses or fails to provide sufficient coverage. Shellpoint Mortgage Servicing. Wells Fargo had the second most complaints in May at 82, followed by Freedom Mortgage Company (66), Ocwen Financial Corporation (66) and Nationstar Mortgage (64). LPI, or lender-placed insurance, is hazard, flood, or wind insurance placed on a borrowers property to protect the value of the property when the borrowers own policy lapses or when the borrower does not maintain adequate insurance. If you dont qualify for this settlement, check out our database of otheropen class action settlementsyou may be eligible for. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top Class Actions is a Proud Member of the American Bar Association, Various Trademarks held by their respective owners. 51% of employees would recommend working at Shellpoint Mortgage Servicing to a friend and 45% have a positive outlook for the business. Borrowers who paid for residential LPI between March 1, 2014 and April 4, 2019 may be eligible to receive back 8.875% of the premium. They also have an office in Arizona and Texas. Box 404041 the following is a press release from the Massachusetts Attorney General's office submitted to SOURCE media. Box 404041 Repair Your Reputation The Right Way Corporate Advocacy Program Find more than 550 complaints| Ripoff Report. Most Recent. Fill out this form for a FREE and prompt case evaluation. The litigation and settlement revolves around allegations that Shellpoint violated the Massachusetts Act Preventing Unlawful and . There are no fees for the services of these groups. Last Updated on November 15, 2019 10:09 AM. SUMMERSVILLE - A Birch River woman claims that her payments on a mortgage loan were rejected illegally and she was threatened with legal action despite being on-time with her . 8.875 percent refund of premiums charged by Shellpoint under a lender placed insurance policy. This website relates to a proposed Settlement of a lawsuit (the "Lawsuit") filed against NewRez LLC d/b/a Shellpoint Mortgage Servicing ("Shellpoint"). Shellpoint acknowledged in December 2019 that "the previous servicer did not adjust the loan in accordance with the Confirmed Chapter 11 Plan." JA 300. February 7, 2023 @osullivanc. One of them crouched down to pet Fluffy, who had come down from the Shaw Road log cabin. The settlement benefits consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019. Shellpoint can not collect on my mortgage loan. Visit Website. Article Type: Lawsuit Topic: Consumer. Filed: November 12, 2019 3:19-cv-20078. 53533-5-II 2 . February 1, 2019. Shellpoint Mortgage Servicing Wrongful Foreclosure Lawsuit to Stop Eviction BERNARDSTON As the auctioneers announced the sale of 73-year-old Bob McCollum's home, his cat, Fluffy, came out for the action. 183 reviews. In 2022, Newrez, doing business as Shellpoint Mortgage Servicing . Open Settlements A Shellpoint mortgage lawsuit is a lawsuit that was filed against an individual for violating the FHA's Loan Insurance Guarantee Act. (Attachments: #1 Exhibit Loan, #2 . v. CLAIRE DEES and MARK H. DEES, Respondents. . If Plaintiffs wish to file an amended complaint, they must do so no later than August 26, 2019. The complaint alleged that Shellpoint placed LPI policies in a manner that allowed it to receive kickbacks, or unauthorized benefits, from Overby-Seawell Company, causing the rates for the policies to be excessive. In 2018, Shellpoint Mortgage Servicing was accused of violating Massachusetts state law by failing to take necessary measures to help their customers avoid . (Signed by Chief Judge Lee H Rosenthal) Parties notified. The complaint states, "A number of plaintiffs have received letters from their banks notifying them that they are liable for violations of the provisions of the Loan Insurance Guarantee Act of 1994.". administrator or law firm. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. SHELLPOINT MORTGAGE SERVICING, Defendant MEMORANDUM AND OPINION . c/o KCC Class Action Services LLC The management staff is unskilled and unwilling to grasp changing times. (Case No. New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment Corp. "We are very excited to announce the rebrand and for the growth opportunities it signals," said Kevin Harrigan, president and CEO of New Penn, in a press release.