Gilmor-Countrywide Settlement

WRRSV is pleased to announce a $214,534 class action settlement in Gilmor, et al. v. Preferred Credit Corporation, et al., Case No.  4:10-cv-00189-ODS.


Countrywide Home Loans, Inc. and BAC Home Loans Servicing, L.P. have agreed to pay $214,534 to settle the claims of 19 class members who obtained 11 loans that were serviced by Countrywide Home Loans, Inc. and/or BAC Home Loans Servicing, L.P.  Class Members who do not opt out of the Settlement will be entitled to a substantial settlement payment under the Settlement.  The estimated settlement payments range from a low of $1,715 to a high of $28,107, with an average of $10,463.


Class Members can see what we currently estimate the amount of their settlement payment to be by accessing the Proposed Distribution Schedule.  To access the Proposed Distribution Schedule for your settlement benefit, click here.


March 6, 2013:  The District Court for the Western District of Missouri has entered its order giving final approval to the Settlement Agreement reached with Countrywide Home Loans, Inc. and BAC Home Loans Servicing, L.P. in Michael P. and Shellie Gilmor, et al v. Preferred Credit Corporation, et al. The order will become final on April 6, 2013, and we anticipate sending distribution checks to Countrywide Settlement Class Members beginning sometime in late April or early May, 2013


Links to Settlement Documents:


Links to Other Pleadings, Orders, Reports, and Documents:

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