Mortgage Co. settled an unnecessary inspection claim for $ 2.7 million

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Law360 (Sep 3, 2021 at 3:09 PM ET) – Freedom Mortgage Corp. reached a proposed $ 2.7 million class action settlement in charges for allegedly unnecessary checks, as per a request for prior approval from a Pennsylvania federal court.

After a lawsuit argued that the company was required to send inspectors past the property to make sure they weren’t abandoned – even as the owners were working on repayment plans and intended to keep their homes – the company signed a settlement agreement stating that it will refund part of the fees for tens of thousands of homeowners.

The parties asked US District Judge Robert D. Mariani to refer the settlement …

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