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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.
124 thoughts onCountrywide Settlement Refunds Go Out to Abused Homeowners
I too had a loan with countrywide, who sold my loan to BofA, who sold my loan to Green Tree, who sold my loan to Ditech, who sold my loan to LoanCare. :( Exhausting!
Green tree and Ditech have filed for bankruptcy
Never heard anything regarding the lawsuit concerning Countrywide – are we still able to process a claim? Hope we receive an answer from SOMEONE – haven’t so far.
I never heard of anything about this from anybody and here it is 2020. Any hopes of recuperating my loss?
I never heard anything either and probably never will.
I did received a card for class actions suit, I have not heard anything from countrywide.
I received a card a few years ago. I competed it and mailed it back and have not received a check as if date.
Received loan from country wide in 2006 and have to refinance but nobody would touch with a ten foot pole. Now boa is purposely trying to forclose on my property going thru my worthless attorney by increasing my house payment every month to make it impossible to make a payment. Everybody is scared of boa or they are getting bought out to go along with them to get rid of these contracts. Its not right somebody has to stand for us.
I never recived anything from Countrywide or BOA. I moved out of Georgia then returned and heard about this years later. Is it possible to still have a claim. I have been getting a run around for years.
We moved from la. to ms. We didn’t hear about this until lately.
We went from countrywide to bank of America to m&t bank.I think that’s all
I also never received a response a response back
Would like someone to contact me about this matter.
How do I get my check?
Have people recieved any checks yet? I believe I sent two post cards back in March and have heard nothing
We had to do a short sale because thel lone officer said we beed to sign and get this house closed and they went from one to two loans for our houses payments. We were not given time to read any documents were rush in to singing all paper work . This broke to us in the minutes of the closing. Felt we were under pressure to sing.
no check here, proved fraud in court with them. No filed another Foreclosure again using same 2007 default date, Will the lies never end?
I have not received my refund check from Countrywide. How can I follow-up on my refund as a meber of the class action suit.