BOSTON--(BUSINESS WIRE)--Green Tree Servicing, LLC and Green Tree Insurance Agency (“Green Tree”) have agreed to pay persons who were charged for “force-placed” or “lender-placed” insurance policies for residential properties from January 1, 2008 through December 8, 2015. Class Counsel represents that settlement proceeds available to class members who were charged for force-placed or lender-placed insurance policies are valued at $46 million, and that more than 300,000 of these predatory policies were force-placed on borrowers during this period. See Circeo-Loudon v. Green Tree, et al., 1:14-cv-21384 (SD Fla.).
Additionally, it is alleged Green Tree deceived homeowners, many of whom were in financial distress, and the Federal Trade Commission and Consumer Financial Protection Bureau levied a $15 million civil penalty, $48 million in money available to victims and ordered various practices to stop.
Dishman Law, a consumer protection law firm for over 30 years, is urging consumers across the country to come forward now if they have been the victim of these predatory forced-placed insurance practices. Tens of thousands of consumers may have their lost their homes and/or had their credit ruined due to the questionable manner in which the force-placed insurance market was allowed to operate. While settlements have been reached with Green Tree, and money is available to consumers, many consumers are generally not coming forward. It is vital that they act now and contact Attorney David Dishman today to ensure that their force-placed insurance claim is not time-barred.
The opportunity for property owners to obtain this compensation is short-lived. As such, Dishman Law is urgently asking anyone who believes they may have been victimized by the force-placed insurance market to contact the firm immediately. If Green Tree held a mortgage on your home and/or serviced your loan and force-placed wind, flood or hazard insurance on your property, it is of the utmost importance that you contact Dishman Law today, at 617-523-5252 or email us at david@ddishmanlaw.com. We will assist you in recovering the funds to which you are entitled.
About Dishman Law
For over 30 years, Dishman Law has been recognized for delivering successful results to their clients across a broad range of claims stemming from consumer product injuries.