Law Firm of Kirby McInerney LLP Investigates Practices of Nationstar Mortgage With Respect to the Release of Insurance Claim Proceeds to Borrowers

Kirby McInerney LLP, a class action litigation firm, has commenced an investigation into the practices of Nationstar Mortgage with respect to the release of insurance claim proceeds to borrowers.

When an insurance claim is made for damage to a mortgaged home, any check issued by the carrier (called a “loss draft”) is made payable to both the borrower and the mortgage servicer. The servicer has the right to inspect the property to make sure that repairs or rebuilding have been completed before releasing the proceeds of the loss draft to the homeowner.

Frequently, homeowners expend large sums of money on contractor’s bills, and rely on the servicer to release the insurance proceeds promptly to reimburse those expenses.

Kirby McInerney is investigating whether Nationstar’s practices with respect to the release of insurance claim proceeds comply with legal requirements. Nationstar (NYSE:NSM) is the sixth largest mortgage loan servicer in the United States.

If you are homeowner or mortgage loan borrower serviced by Nationstar or any other mortgage servicer, and have made an insurance claim, you may contact Kirby McInerney partner Mark A. Strauss by email at mstrauss@kmllp.com, or by telephone at (212) 371-6600 or toll free at (888) 529-4787, to discuss your rights. There is no cost or obligation to you.

About Kirby McInerney LLP

Kirby McInerney LLP is a New York-based law firm representing plaintiffs in securities, whistleblower, antitrust, and consumer litigation. The firm is committed to the aggressive pursuit of justice and to championing the rights of clients through class action lawsuits, arbitrations, and individual lawsuits. The firm has been profiled by Law360.com as one of the “Most Feared Plaintiffs’ Firms,” and named to The National Law Journal’s Plaintiffs’ Hot List. To learn more about Kirby McInerney LLP, please go to our website, http://www.kmllp.com/index.asp

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