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

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 contract’s requirement to.

The suit is the third putative class action Alhassid has filed against Nationstar over the loan. As part of that reverse mortgage, Nationstar had the right to buy and charge Alhassid for flood.

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Force placed insurance lawsuits have claimed that lenders have been taking advantage of their customers when they force placing insurance, opting to buy exorbitantly priced coverage or force placing a policy, even when the property owner already had adequate insurance.

Appeals court revives class-action suit against Nationstar for redundant flood insurance reverse mortgage borrower alleges "improper" insurance cost her thousands May 13, 2019

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