You can get a cash payment from this case. You will have to send in a claim form by July 18, 2016 in order to get the cash. You will have to own a New York home at any time from July 12, 2010 to November 27, 2015. If you are not sure if you are included in this case, you can do a search at www.NYLienSettlement.com site. You can search on your name. Or you can search on your loan property address. If you have it, you can also search by your loan number. So what you can enter is your loan number, your first name, your middle initial if you have one, your last name and your address. Also enter your city, state and zip code.
There are two ways you can send in your claim form. One of them is to file your claim online. If you are not comfortable doing that, then you can file your claim via regular mail. Either way, you will have to fill out the claim form in an accurate manner. If you are filling in the information in order to submit via regular mail, then you should make sure that your handwriting is legible. You will need your Unique Identification Number. You can find this on the postcard that you got in the mail about this case. If you did not get a postcard, you can call the settlement administrator. If you are filling out the form online, then when you enter your Unique Identification Number, certain portion of the claim form will be automatically filled out with your information. You will also find out about the amount of the cash payment that you will get if the case is approved. There is also a place where you can change your address if it is not correct.
To fill out the Bank of America Mortgage Lien Release Class Action Lawsuit Settlement claim form by hand, the very first thing that you have to do is to enter your Identification Number. Then you will have to enter your first name, your middle initial and your last name. Then you will need to provide the last four numbers of your social security number. If there is a co-owner of the property, then you will have to fill out the same information for the co-owner. Please enter your current preferred mailing address. You can provide your phone number and email address if you want. This is optional but good to provide if possible. You should also specify if you are subject to a bankruptcy trustee or court order. If you said yes, then you will have to provide the contact information for the trustee or the court. This information will include the name, the city, state and zip and also the current phone number. After this, you will have to sign the form and date the form.
So if you do send in a Bank of America Mortgage Lien Release Class Action Lawsuit Settlement claim form, you may get different amounts of money depending on a number of factors. One of the factors is when the certificate of discharge for a property that was mortgaged was given to the recording officer for the first time. If that time period is between 30 to 61 days, then you will get $260. If that time period is between 60 to 91 days, then you will get $520. If that period of time is more than 90 days, then you will get $780. If the certificate of discharge was presented and then rejected and then re-presented for a time period between 30 to 61 days, then you will get $180. If the certificate of discharge was presented and then rejected and then re-presented for a period between 60 to 91 days, then you will get $360. If the certificate of discharge was presented and then rejected and then re-presented for more than 90 days, then you will get $540. If you are confused by all this or just not sure what you will get as there are some overlapping days, then you can contact either the settlement administrator or the class counsel. You will not be charged for talking to them or for asking for their advice. You can get the contact information at the www.NYLienSettlement.com site.
The hearing where approval or denial of the settlement will be decided will be held on July 20, 2016. You can go to the hearing but you do not have to. You will get your money as long as you send in your claim form on time and the settlement administrator approves the form. This means that they will review the form to make sure that the information that you have provided is accurate. If during the hearing, the settlement is not approved, you will not get any money even though you may have submitted the claim form on time.
You do have lawyers that will represent you and help you in this case. These are lawyers that have handled these kind of cases before and will know what to do. The court will appoint these lawyers and they are known as the class counsel. However, if you want your own lawyer, you can hire one yourself. You will have to pay though if you wish to hire your own lawyer. You cannot get the court to pay for your lawyer. This is because the court has already provided you with the services of a lawyer. These lawyers that have been appointed by the court and have asked for a fee of $1.5 million. They have also asked for their expenses which amount to $20,000. Bank of America will pay all these amounts. In addition, the class counsel will ask that the class representatives be paid $5,000 each. This is to cover their time and effort.
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