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The Federal Trade Commission announced last month that it is mailing out refund checks to 200,000 American homeowners who were charged excessive fees in their mortgages by Countrywide Home Loans.
The FTC sued Countrywide last year for using unfair and deceptive practices while servicing the mortgages of homeowners in default or Chapter 13 bankruptcy.
According to the Countrywide lawsuit, the lender “abused” and overcharged 200,000 struggling homeowners who fell behind on their mortgage payments. These abuses included:
– charging excessive fees for default-related services like property inspections;
– making claims about amounts owed by homeowners in bankruptcy that were false or couldn’t be backed up; and
– not telling people going through bankruptcy when new fees or charges were being added to their loans.
The FTC Countrywide settlement will provide $108 million in refunds to homeowners who were charged inappropriate fees or were victims of false statements made in bankruptcy court.
The Countrywide refund checks began going out in late July 2011. Eligible homeowners will automatically receive a check in the mail. However, if you have moved, you can submit your change of address in writing to:
FTC v. Countrywide Home Loans, Inc.
c/o Gilardi & Co. LLC
P.O. Box 808054
Petaluma, CA 94975-8054
For more information on the FTC v. Countrywide Home Loans settlement, call (888) 230-3196.
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125 thoughts onCountrywide Settlement Refunds Go Out to Abused Homeowners
Yo recivi mi checke de 1,500 gracias alas organisaciones que estuvieron envueltas en esta demanda por ser nuestra voz yo aplique tarde para calificar a este renvolso pues me canvie de direccion pero como fui unas delas que aplicaron tarde me dijieron que talves calificava si sobrava dinero meses despues el checke llego cuando mas lo nesesitava pues soy una madre soltera con 4 hijos el dinero me alludo mucho ,muchas gracias a todos por alludarnos aser justicia
Me and my mother purchased a house in 1998 and stayed in the house until 2013 after we were told that we did not own the house any more and the sheriff was coming to put us out. We never received a notice about a class action suit or any other thing about the company treating people unfair. We are in Jacksonville, FL and we are widowed black ladies. I think we were totally discriminated against. We have no money or did we have monies to hire a lawyer.
I Lost my first/nice house,payments went up,i sent 10 -15 times the paperwork to bank,everyday call,modification done,waiting for documents in fed -ex the way they told me,they told me we denied,then try to do short sale,approved for short sale,never did and never told me sold the property to other person less offer,called for short sale and status they told me it is already sold a week ago,so stressful ,i can not work,got very sick,can not get any loan due to forclosure,high bp,diabetes,lost eye sight,lost my job due to economy,lost my house,got depression.i had so many memories,that is the only house i own ,put down payment.i need my house back or the money i lost and value of that house now,it was in a good town/good neighbourhood.
In 2009 my wife and I had issues with Countrywide also during the takeover from BOA I wrote them, I paid them and I still lost our home with a new baby and to this day I still am haunted from it. I received a small check for settlement and I don’t even know where it was from, I am trying to get information on the settlement because we after all these years are now trying to get a home and the lender wants the information on our settlement. Both my wife’s family and mine helped us with letter writing, sending thousands of dollars to keep the home but in the end, it ruined my credit which to this day is keeping us from home owning. If anyone has contact information on the settlement I have made several calls to be told that it wasn’t BOA, it wasn’t the discrimination case and it wasn’t the countrywide who paid me???? so help me if you know any information I need it asap to help me my wife and our kids purchase a home after all these years for a new respectful lender! That year, that situation brings many heartaches but we have tried to move on, and now it’s still haunting us—please forward any information you might have on the pay outs they did in 2011 – 2012. I and my family thank you for helping and reading and I’m sorry we all have gone through such a mess, it’s a shame. Thank you, desperating seeking my payor for my credit lender!
i been told several times ,that im in a lawsuit and done wrong by countrywide , but no money yet. i filed bankruptcy and countrywide came out of no where and said i owed them $10,000 in reareage. i had to paid this, but i kept telling my lawyer i didnt owe it. but i still had to pay it, still no money yet. wtf
I lost my home through a quick sale, because countrywide kept raising my mortgage rate when I lost my full time job in the military. I was paying to catch up, but they told me that I was still behind even when I was making a double payment. I only just found out they were getting sued. how can I my process of a claim against them.
I was a victim of the Countrywide mortgage scandal. Not only did they sell my loan, I was also a victim of identity theft. I am still in the home and did not get a refund check or a letter. What can I do?
Never got a refund thinking back as to how my first home experience was crushed due to my rates increasing and they knew in the beginning I was already a candidate for default still upsets me to this day. I just heard on CNN that BOA bought Countrywide Loans and has to pay back 1.27 Billion dollars and came up on this website. I hope I get something back for all the pain and suffering they put me through. #Stillscarred
Who do I go by finding out if my name is on the list for refund ; I’v been my house for 8 yrs. and been asked have I recoeved my refunds.CHARLIE ISAAC III
Phone number no longer in service! Crooks!