Countrywide appraisal statement

A $250 million Countrywide appraisal class action settlement has been reached to resolve claims that consumers were charged fees for fake appraisals.

The settlement benefits individuals who filed a Countrywide loan application between Jan. 1, 2003 and Dec. 31, 2008 and had a LandSafe appraisal done. Class Members will identified using the defendant’s records.

Plaintiff Barbara Waldrup filed her Countrywide appraisal class action lawsuit in November 2013. In June 2016, plaintiffs Elizabeth Williams, Beckie Reaster and Rebecca Murphy filed a similar class action lawsuit. All of the plaintiffs reportedly applied for mortgage loans from Countrywide and paid appraisal fees to have appraisals done by LandSafe Appraisal Services.

According to the Countrywide appraisal class action lawsuits, the appraisals were unlawful because they failed to comply with standards such as the Uniform Standards of Professional Appraisal Practice (USPAP).

Under the USPAP, appraisals must be conducted in an independent and competent manner. Similarly, the standards require that appraisal results be reported in a truthful and non-misleading manner.



The defendant allegedly violated these standards by charging significant fees, ranging between $300 and $500, to loan applicants but never actually completed the appraisals in question.

This scheme reportedly ensured that Countrywide could close as many loans as possible while still maintaining “heavy profit margins.”

“Because the legally-mandated USPAP appraisal had the potential to delay or terminate a prospective loan transaction and, thus, limit Countrywide’s ability to securitize and sell such loans to Wall Street, Countrywide opted for a different course of action,” claimed the Countrywide appraisal class action lawsuit.

“Countrywide and LandSafe agreed to knowingly, fraudulently, systematically and uniformly produce phony so-called USPAP ‘appraisals’ on home loans originated by Countrywide which were not performed in accordance with required USPAP standards.”

A Class of similarly affected consumers was certified by the court in the consolidated class action lawsuits. Shortly after, the plaintiffs and defendants reportedly started settlement negotiation – resulting in a settlement of $250 million.



The defendants have not admitted to any wrongdoing by agreeing to the Countrywide appraisal class action settlement. Instead, the deal allows all parties to resolve the claims and secure compensation while also avoiding the cost of continued litigation.

Under the settlement, Class Members will be given an estimated 22 percent reimbursement of the Countrywide appraisal fees they paid. For example, if a Class Member paid $500 in fees, they will receive a payment of $110 if the estimated percentage of 22 percent is used. The actual percentage used may be higher or lower, according to the settlement documents.

If there isn’t enough information about the appraisal fee charged to a consumer, the Countrywide appraisal settlement payment will be $25.

The settlement will also provide up to $62.5 million – or 25 percent of the settlement fund – for class counsel’s attorneys’ fees. Each named plaintiff will receive up to $15,000 in service awards for the work they did. Settlement administration costs will take up to $2.5 million from the settlement fund.

No claim form is required for Class Members to benefit from the settlement. Instead, eligible consumers have the option to exclude themselves or object to the settlement by June 15, 2020. Excluding oneself will reject any payment from the settlement, but Class Members will be able to retain their legal rights to take similar action against Countrywide. Objecting to the settlement allows Class Members to voice any problems they have with the settlement terms.



The Countrywide appraisal class action settlement has a final approval hearing scheduled for July 13, 2020. During this hearing, the court will review any objections and make a final ruling about the settlement’s fairness.

Who’s Eligible

Individuals who filed a Countrywide loan application between Jan. 1, 2003 and Dec. 31, 2008 and had a LandSafe appraisal done.

Potential Award

An estimated 22 percent reimbursement of the Countrywide appraisal fees they paid.

For example, if a Class Member paid $500 in fees, they will receive a payment of $110 if the estimated percentage of 22 percent is used. The actual percentage used may be higher or lower, according to the settlement documents.

If there isn’t enough information about the appraisal fee charged to a consumer, the Countrywide appraisal settlement payment will be $25.

Proof of Purchase

N/A

Claim Form

There is no Claim Form for this settlement. Class Members with further questions can click here for more information.

If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Exclusion Deadline

6/15/2020

Case Name

Barbara Waldrup v. Countrywide Financial Corporation, Case No. 2:13-cv-08833-CAS-AGR, and Beckie Reaster, et al. v. Countrywide Financial Corporation, Case No. 2:16-cv-04166-CAS-AGR, both in the U.S. District Court for the Central District of California

Final Hearing

7/13/2020

Claims Administrator

Waldrup v. Countrywide Settlement
c/o Epiq
P.O. Box 3727
Portland, OR 97208-3727
1-877-835-0768

Class Counsel

Daniel Alberstone
Roland Tellis
Mark Pifko
Evan Zucker
BARON & BUDD PC

Steve W. Berman
Christoper Pitoun
HAGENS BERMAN SOBOL SHAPIRO LLP

Defense Counsel

Thomas M. Hefferon
Brooks R. Brown
GOODWIN PROCTER LLP

Douglas A. Thompson
BRYAN CAVE LEIGHTON PAISNER LLP

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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.

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85 Comments

  • Sherry D Gill May 30, 2020

    Add me.thx

  • Bertrand Vicks May 30, 2020

    Add me

  • Dr. Gary L. Smith May 30, 2020

    Please give me additional information.

  • Taylor Bennett May 29, 2020

    Add me.

  • Tammi milam May 29, 2020

    I had countrywide in two of my homes during this time period

  • Oswaldo Molina May 28, 2020

    Please add me as well too please

  • Michael L Sciocchetti May 28, 2020

    We had a loan with Countrywide during this time period. Please add us to this class action.

  • Paula Dudley May 27, 2020

    I had a loan with countrywide back in 2008 add me also

  • Martha Parker May 26, 2020

    Please add me I had a loan during that time with countrywide.

  • Glinda Wilson May 26, 2020

    I was with countywide doing that time period

  • Stephanie Vaughn May 26, 2020

    I was with CountryWide

  • Patrick Hebert May 26, 2020

    I had a mortgage in that time fram with them. I believe i paid $350.

  • Kerrian Washington May 26, 2020

    Please add me. I have since changed my name, but I applied and had an appraisal done at that time.

  • Edilberto zarco May 25, 2020

    Add me too i was with this mortgage country way

  • Kristine G Kemp (aka Rishel) May 24, 2020

    You attempted to reach me under my previous married name (which is listed on my Countrywide Loan) and the post office sent your letter back. Please contact me under my maiden name. I believe I’m eligible for this class action suit.

  • Martin May 24, 2020

    Please include me. I have all documents pertaining to the Countrywide home loan.

  • Ismaelle Dort May 23, 2020

    add me

    • Karen Wilson May 26, 2020

      Add me I spent$350.00

  • Alliea F Phipps May 23, 2020

    Add me as well too please.

  • Jay May 19, 2020

    add me

  • Glenna Clark May 19, 2020

    Add me please

  • Athena Wilson May 19, 2020

    Add me

  • Paulette Cain May 19, 2020

    Yes please add me I have moved several times also since I had the country wide loan

  • Lillian McKinzie May 19, 2020

    Add me please

  • Shalena dickens May 17, 2020

    Add me

  • Sandra Holguin May 13, 2020

    Add me please

  • Randall Massey May 13, 2020

    I have moved Residents several times since my Countrywide loan. How my I verify my new address. Thanks for any information.

  • Quinzola Davis May 12, 2020

    Please add me. I purchased a home thru Countryside.

  • Nicole Morgan May 12, 2020

    Add me

  • RAYMOND BOTTS May 12, 2020

    add please

  • LINETTE L WILKERSON May 12, 2020

    Please add me ta this law suit

  • Renee Payne May 11, 2020

    Please add me

  • David May 10, 2020

    Add me

  • Mike W May 8, 2020

    I had a Country Wide mortgage originated during this time frame. Please add me

    • Derek Keith May 9, 2020

      Add me

  • Cynthia E Timmons May 7, 2020

    Add me, please. I purchased a home in 2005 and used Countrywide

  • Stephen Danel May 7, 2020

    Add me please

    • Tanesha May 10, 2020

      Add me please

  • Warren E Henderson May 7, 2020

    Please add me

  • Darlene Parks May 7, 2020

    Please add me

  • Benita F Austin May 7, 2020

    Add Me

  • Gary Jackson May 6, 2020

    Add me

  • Cindy fleming May 6, 2020

    Hello please add myself to this list

  • Jennifer I Ramsey May 5, 2020

    Add me please

  • Staci May 5, 2020

    Add me

  • Lisa M Piazza May 5, 2020

    Add me. I had a countrywide loan.

  • Deborah Houston May 5, 2020

    Don’t know if I did this yet. Add myself and my husband also.

  • Monique y gray maple May 5, 2020

    Add me I had a loan with countrywide.

  • Sherrina Smith May 5, 2020

    Add me I had a loan through Countrywide

  • Dayna Cook May 4, 2020

    Add me

  • Alfreda Brundidge-Smith May 4, 2020

    Please add me.

  • Steven Douglas Deckerd May 4, 2020

    to confirm that I want to included in this Settlement

  • Tom S. Phabmixay May 3, 2020

    I bought a condo and finance by countrywide in 2003 in my name.
    then refinance few years later with countrywide again under my wife name.

  • Madeline Torres May 3, 2020

    Please add me

  • joseph murcia May 3, 2020

    Please add me

  • Gary Judy Rod Beach May 3, 2020

    We got a postcard and a letter in the mail please add me to this list

  • Julie Rezash May 2, 2020

    We owned a home and paid to countrywide

  • becky kostreba May 2, 2020

    Please add my name

    • Wesly Beauplan May 2, 2020

      Please add me

  • Krista Mullen May 2, 2020

    Add me please

  • Jessica Jenks May 2, 2020

    I received the post card, and would like to be added as part of this suit. Thank you.

  • Wes I Clevenger May 1, 2020

    I believe we sold one house and bought another using country wide in 2003 or 2004.how can we find out for sure.

  • Desmond Nascimento May 1, 2020

    I had a loan with Countyrwide and they signed loan docs for me without my knowledge or approval. They were a bunch of crooks. I would not have done the loan under their terms but they forged my signature and it was a done deal. They charged over $600.00 for doc signing. B of A took their loans and they are not much better.

  • Donald Guiles May 1, 2020

    Received a postcard, please add me to your list..

    Thank you

  • LaTasha Waller May 1, 2020

    Please Add Me

  • Melissa Link April 30, 2020

    Please add me

  • Henry Walker April 30, 2020

    please add me to the class action suite

  • connie j tucker April 30, 2020

    i had a loan with countrywide during this time period. please include me in this class action suit.

  • connie j tucker April 30, 2020

    I had a loan with Countrywidwe during this time period. please include me in this lawsuit.

  • Terry and Nyla Hostin April 30, 2020

    we made mortgage loan with this company may years ago and please add our name to thew list for settlement.

  • Mary Gunn April 30, 2020

    I received a post card and had a loan with Countrywide in March 2004. Please add my name to the list, Mary Gunn

  • Antoinette Krupa April 30, 2020

    I received a postcard. Please add my name. Thank you.

  • Henry wigger April 30, 2020

    Please add my name

  • Fernando Nuno April 29, 2020

    Recua post card please add me to it .

  • Dorina Grecu April 29, 2020

    Received a post card.

  • Marta Winter April 29, 2020

    Change of address for Marta Winter
    From PO Box 1813
    Santa Teresa NM 88008 to

    Marta Winter
    5621 Las Granjas Dr
    El Paso Tx. 79932

  • Johnny Smothers April 29, 2020

    I received a postcard. , Please add me.

  • Christopher Cartwright April 29, 2020

    Please add

  • Cynthia Conklin April 29, 2020

    Please add me..

  • JERRY HENSON April 29, 2020

    Need to change the address on my claim. Received your card yesterday and I have since moved. OLD address: 3830 Swenson Street, Apt 518, Las Vegas, NV 89119; NEW ADDRESS: 2600 Siesta Avenue, Las Vegas, NV 89121. Change was effective April 1, 2020. Please update your records. Thank You.

    Using a temporary email address at this time.

  • Bonnie Hickman April 29, 2020

    I had approx three loans with Countrywide during that time. I am interested the class action suit. I know there is not much money there but that was a huge company who needs to pay for their mistakes.
    Bonnie Hickman 931-215-6044

    • Bonnie Hickman April 29, 2020

      Please add my name
      Bonnie Hickman

  • JoAnn Rustad April 29, 2020

    JoAnn Rustad add my name please. I did receive the postcard. Thank you

  • Rosario Zandueta April 29, 2020

    Add me please

  • Mary Powell April 28, 2020

    Please add my name

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