Nationstar is a mortgage lender who owns and operates numerous mortgage servicing offices throughout the nation. In 2021, it was found that Nationstar had set up a highly sophisticated scam to charge borrowers for unnecessary and unreasonable services. This class action lawsuit was later dropped but did not stop the problems at hand. At the time, Nationstar was able to avoid having to pay this legal trouble through the assistance of the federal government’s HAMP program. The HAMP program which is still in place is designed to provide relief from the worst mortgage related practices once and for all.
The class action lawsuit was eventually abandoned but not without causing quite a large amount of exposure for nationstar. This has led to several other similar lawsuit complaints being filed in federal court against nationstar. If you have been a victim of this fraud, then you may be interested in filing a complaint against nationstar on your own behalf.
The first step to filing a class action lawsuit against nationstar is to contact a class action lawsuit lawyer or attorney. You will need to provide details about the complaints you have filed with the Federal Trades Commission. This information is required so the attorney can put your case together and determine the best course of action to take. You must also include copies of any correspondence you have sent to this company. If you have received a Response from them, then you may send them a letter asking for a settlement.
When you file a class action lawsuit against a company such as nationstar, it is extremely important to keep detailed records of all communication. If you are successful in obtaining compensation for yourself from this company, it will be very important to keep track of everything. You will want to file a report with the Better Business Bureau, your state attorney general, the federal Trade Commission and the Office of the Comptroller of the Currency. If the company goes out of business, you will need to file a report with the local bureau that is responsible for the company’s dissolution.
When you choose to work on a nation-wide class action lawsuit, you will not only be representing yourself but also your entire family. This means you will have to take care of anything related to the complaint, such as child support, spousal support, child custody and so on. It is highly recommended to hire an attorney to help you file your complaint. The reason why you need an attorney to handle your nation-wide class action lawsuit is because one person filing one complaint cannot prove they have been harmed by the lending institution. Therefore, the lending institution has to bear the burden of proof in order to recover any damages.
You will receive compensation if you win your nation-wide class action lawsuit against nationstar. Usually, this amount is around 5 percent of the original mortgage amount. However, you do not have to worry about paying for attorney fees if you lose your case. You are entitled to compensation regardless of your win or loss.