Class action lawsuit against Sprimmier Financial Alliance was filed by the shareholders of the company that is named in the suit. The class action lawsuit says that Sprimmier Financial Alliance, a lender in the Mortgage and De Facto Life Insurance Group was mis-sold FHA loans that were worth much less than what it actually offered to the borrowers of these loans. This leads to massive loss to the lenders and the borrowers in the end. Class action lawsuit says that the lender sold FHA loans worth billions of dollars to individuals and other companies that are not licensed to sell these loans. These people purchased these loans from the lender at higher rates of interest, which is not allowed. The lender lost money and so they sold loans to the lower class of individuals who couldn’t afford to pay back their loans.
Class Action Lawsuit Against Spremier Financial Alliance Class Actitarbucks
When the suit was filed the amount of money involved was very big. The compensation claims for each class member says that he or she will receive more than two-thousand six hundred and fifty thousand dollars. This is just compensation for the damages. Lawyers of this case can get a large part of the money through settlements. So if you are among the members of the classes mentioned in this lawsuit then you should definitely look for good settlement firms because you can claim large amounts of money through this.
It is really easy to get a good settlement deal with the help of a class action lawsuit.
Before you start to file for the settlement claim you should know about the rights of the lenders and about the settlement process. You should also find out about your eligibility for settlement. With the help of a good class action lawsuit you can make sure that you get a decent settlement deal.
You can claim a good amount of money through a class action lawsuit against Spremier Financial Alliance.
You can ask the judge to give you a percentage of the total amount which the lending company owes to you. You can also ask the judge to grant you a lump sum amount. The total amount which the lending company owe you should be at least two hundred thousand dollars. If you are lucky then you will get around seventy percent of the total amount.
There are many other ways through which you can get money from the case.
You can request for the payment of the accrued interest on the loan, which you had taken from the lending company. The loan amount is usually calculated on the basis of the cost of the collateral. If the case is successful then the defendant would have to give back the principal amount along with interest on the money. If it is not successful then the plaintiff can ask for the court to declare the entire case as a nonsuit.
The settlement firm will take care of filing the class action lawsuit against Spremier Financial Alliance.
If your settlement firm is able to get a good amount, then it will definitely help you get back the money that you had lost in the case. But, this will only be possible if you hire a reputed settlement firm. The firms that are into this kind of business are known for getting a very good deal for their clients. So, you should always choose the best settlement firm if you want to settle your liabilities through class action lawsuit against Spremier Financial Alliance.