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Forced Placed Insurance Settlement Seeks Preliminary Approval

Wednesday, August 5, 2015 2:38 PM

The Plaintiffs in Wilson, et al., vs. Everbank, N.A., et al. have moved for preliminary approval of a class action settlement involving the mortgage practice known as “Forced Place Insurance” (FPI).  The case, pending in the Southern District of Florida, provides significant monetary relief to mortgagors nationwide who had insurance forced on their properties by Everbank, N.A., as well as injunctive relief that would effectively end the insurance practice at issue.  Eight similar class actions involving other banks have been approved in the Southern District of Florida.  The Holland Law Firm has been actively involved in FPI Litigation, fighting for homeowners subjected to this practice.  The Holland Law Firm is continuing to investigate alleged instances of continued FPI practices by many banks and lending institutions including Ally Financial, MetLife Home Loans, BB&T Mortgage, Fifth Third Bank, and M&T Bank, to name just a few.  If you have questions about FPI (also known as “Lender Placed Insurance” or “LPI”) please contact the lawyers at the Holland Law Firm, toll free, at 1-877-255-3352 or at info@allfela.com.

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