Sarah Mirando  |  August 22, 2011

Category: Legal News

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CountrywideThe 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.

125 thoughts onCountrywide Settlement Refunds Go Out to Abused Homeowners

  1. Natatia Wright says:

    Countrywide ROBBED me! Don’t they have to pay back?!

  2. Minnie christmas says:

    What ever happened to my check from countrywide, I’m positive that I am owed money.send check to Minnie Christmas at 2441 east 93rd street Chicago il. 60617.773/396/3139 thank you

  3. Arthur Johnson says:

    I was a Countrywide customer and never received any refund.

  4. Debbie says:

    wheres my check ? yes we moved

    1. Mitchell-T. Ryland says:

      I was just skimming through and saw a class action against Well’s Fargo and thought “LET ME SEE IF COUNTRYWIDE has anything going on!” AND WOULDN’T YOU KNOW … THEY WERE THE CROOKEDEST Mortgage Company ever. WHERE DO I SIGN UP?!

  5. SALLY FUERTE says:

    I never received a check I did move

  6. David wright says:

    Where’s my check

  7. Marisa Johnson says:

    I also never received a check! I would like to know how to trace it down!

  8. Ms. Townsel says:

    I am still waiting on my check ,some answers Ive Lost My Husband, my House . I just pray to GOD !!! That I will receive my refund check soon this has put me so deep in a hole . Please send me my refund money I have been waiting for 2009 for this I just want to be able to move on in my life.
    Countrywide settlement & Bank of America please do the right thing by us if the shoes where on the other foot you would want yours
    Please contact me at
    (614)641-9966
    I did move I had no choice.
    townsel.Shawn@yahoo.com
    Thank you
    And may GOD BLESS YOU !!!!

    1. Mitchell-T. Ryland says:

      “I FEEL FOR U!” THEY did me sO dirty. Took out a $500 a month fire insurance on my behalf unknown to me and at the end when I thought I were in the clear because I sold the house, HERE CAME THOSE CHARGES OF 5 A MONTH X/TIMES the 5years I owned the house! GOOD LUCK and with GOD, LET’S GET OUR DOUGH BACK . . .

  9. Amy Kinney says:

    Tried calling the number again and it’s invalid so how do I find out when if ever I will be getting my check. Interest rates were supposed to go down over time and the payment with them. Instead it went up even though I paid on time and they tacked on a bunch of insurance and a fee so they would have to pay my taxes for me. The whole thing was a scam, the person who did my loan joked about it later. They made me do a “refinance” and resign papers because they lost them….

  10. Patty Martin says:

    Where can I find out where and when I get my refund?

    1. Penney Bye says:

      I also was forced to move due to this scam. I want my money

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