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Case ID: 2881 | Family | 11/10/2003
The parties have reached a tentative $200,000 settlement in an action filed against Apartment Investment and Management Company (AIMCO) on behalf of all persons who paid an excessive application fee in California between December 11, 1998, and August 29, 2003. The action alleged that the fees violated California law. Claims must be postmarked no later than December 31, 2003, to be considered eligible.
The settlement provides a cash payment of $7.50 to each person who paid the application fee to AIMCO. Claims must be accompanied by proof that the application fee was paid, in the form of a receipt, cancelled check, cancelled money order, credit card receipt, or bank statement. Claimants may also qualify for a one-time credit of $20 toward a lease for a term of not less than one year on an AIMCO property. The settlement will not be effective until the court grants it final approval. The court has scheduled a hearing on the matter for December 5, 2003. If you applied for an apartment lease at any of the following properties and paid a fee during the applicable time period, you are eligible to take part in this settlement: The Alexander At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Family Cases of Interest Predatory lending, in the form of abusive subprime mortgage loans, payday loans, tax refund loans, and other lending scams, strips $16 billion from low-income consumers and communities in the U.S. each year. A $5+ million judgment has been entered against investment bank Lehman Brothers, Inc. and subsidiary Lehman Commercial Paper, Inc. in a class action filed on behalf of all persons who acquired mortgage loans from First Alliance Corporation from May 1, 1996, through March 31, 2000, that were underwritten by Lehman Commercial Paper. The money will not be distributed until all possible appeals have been exhausted.
At least 1,000 Washington homeowners paid higher mortgage rates than they had to without getting proper notification, according to a lawsuit that a federal judge certified for class-action status.
A class action lawsuit has been filed against elder care provider Sunwest Management for alleged deficiencies and failure to comply with state law. The parties have reached a proposed $7.87 million settlement of a class action against Republic Mortgage Insurance Company on behalf of mortgage borrowers whose mortgage was insured by Republic under a certificate that became effective between December 18, 1996, and March 31, 2003. The action claims that the insurance was provided on terms that were very favorable to the mortgage lenders. To recover under the settlement, class members must submit a claim form postmarked no later than September 8, 2003. Consumers Allege United Guaranty Residential Insurance Conceals Use of Derogatory Credit Information A national class action has been filed in Texas against insurance giant United Guaranty Residential Insurance Company on behalf of all consumers for whom United Guaranty issued a mortgage insurance policy at a disadvantageous rate due to derogatory information contained in a credit report, and who did not receive notice that derogatory information obtained from a credit report was used in setting the insurance premium. The insureds claim that United Guaranty uses credit reports to set premiums but does not provide any information to consumers when an adverse decision has been made against them based on that report. The insureds allege that this violates the federal fair credit reporting act and are seeking actual damages as well as statutory damages and declaratory relief.
A class action has been filed in Florida against Butler & Hosch, P.A.. on behalf of all Florida residents who were required to pay prepayment penalties on mortgages that were accelerated as part of a foreclosure action. According to the mortgagees, Florida law does not permit the collection of prepayment penalties once a mortgage has been accelerated during foreclosure. The action is brought under the federal Fair Debt Collection Practices Act and Florida consumer laws. The mortgagees are seeking actual damages as well as the maximum statutory damages allowed under the FDCPA.
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