You will be lead by the class action lawsuit to find a Bayview Loan Servicing provider who can help you settle your debts. You will be given an option whether to pursue the lawsuit or to settle the debt with the lender. The lender may file a counterclaim against you would need to respond. If the counterclaim is not resolved satisfactorily, then your case can be transferred to the plaintiff’s attorneys. The class action lawsuit has the right to assign a replacement lawyer in case of a tie-up. The plaintiffs are protected under the FHA home loan program and can recover their losses.
Bayview Loan Servicing Class Action Lawsuit
As long as the service provider is licensed and cannot serve more than one person at a time, you cannot proceed with a class action lawsuit. You can ask for a temporary restraining order or injunction against the Bayview Loan Servicing Company until the case proceeds. The court will take care of any damages or losses that arise from the service contract dispute.
When you sign the service agreement, some questions and answers will have to be answered.
A copy of the DSR Statement must be provided. The DSR statement documents a mortgage condition imposed at closing. It also certifies that the company follows the guidelines imposed by FHA regarding underwriting and premium rates. The lawsuit will be filed in the U.S. District Court for the District of Columbia.
The lawsuit will seek damages on the basis of negligence.
You can seek monetary compensation for the following injuries: mental anguish, physical disability, embarrassment, loss of earning capacity, and physical pain and suffering. The amount of compensation sought will depend on various factors such as duration and extent of the injury, the cost of medical care and other expenses, the property damage inflicted, and the income loss resulting from the impairment. You have 30 days to serve the complaint on the defendant.
There is no cost associated with filing the Bayview loan servicing class action lawsuit.
If the case moves to trial, you will be responsible for attorney fees. The damages claimed in the class action lawsuit will be paid by the defendant’s insurer, unless the insurance company is also the defendant in the case. In that case, the insurance company would pay for the costs. You cannot obtain damages if the class-action lawsuit has already been initiated in state court.
The details of the Bayview loan servicing class action lawsuit are detailed in the Class Action Lawsuit Information Sheet. You can review the Class Action Lawsuit Information Sheet at the links below. The Class Action Lawsuit Information Sheet has information about various issues relating to the class action lawsuit. You can learn more about the case and the lawyers. You can also watch a live webinar on the link below.