The state of Florida has settled its lawsuit against Countrywide Financial. Under terms of the settlement, more than 2,700 Floridians will receive monetary relief. As part of the settlement, Countrywide is offering foreclosure relief payments to eligible borrowers who returned valid and timely claims forms. The settlement will result in more than $16.9 million being paid out.
In 2008, Florida sued Countrywide, one of the largest mortgage companies in the country, for deceptive and unfair trade practices. It was alleged that the company put borrowers into mortgages they couldn’t afford. Countrywide made loans with misleading rates and penalties. For information about the settlement, you can call Rust Consulting 866-411-6987, or go to www.countrywidesettlementinfo.com. It’s good to see state Attorneys General who are not afraid to go after those in Corporate America who lie, cheat and steal in their dealings with consumers.
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