The State Of Florida Provides Foreclosure Assistance To Golden State Lumber Class Action Lawsuits
You’ve heard the name Golden State Lumber dispute? If you have, you know that the lumber industry is one of the most vicious business industries in America. In fact, it’s so vicious and brutal that the insurance companies’ main line of business is making profits off of class action lawsuits. If you’re wondering how a lawsuit gets turned into a lumber class action lawsuit, this article will shed some light on that mystery.
Let’s start at the very beginning: California is not alone when it comes to lumber dispute lawsuits. Florida, Washington, and Oregon are also battling it out over lumber prices. So what does this have to do with Golden State? As it turns out, a lot.
Here’s how it works. A case in Florida was settled back in 1992. A group of Florida homeowners were trying to get the state of Florida to prevent a lawsuit structured by the National Foundation for Homeowners’ Litigation Reform Act from going onto their credit report. According to the suit, the insurance giant denied the request on the basis that the plaintiffs did not live in Florida. The suit further claims that the insurance giant violated the Fair Debt Collection Practices Act by not responding to the plaintiffs’ requests within the thirty-day period required by the FDCPA. The lawsuit ultimately went to trial and a jury decided the insurance giant was at fault.
At the time of the lawsuit, the National Foundation for Homeowners’ Litigation Reform Act was at the center of a lot of controversy.
This act was passed by the state legislature in response to various real estate developments in Florida. Some of those developments had been directly linked to the national mortgage crisis that nearly destroyed the Florida real estate market. When the lawsuit settled, it was found that the state board had in essence discriminated against Florida homeowners on the basis of their race and gender. As a result of this, the lawsuit was successfully brought forward and ultimately won by the plaintiffs.
It is not uncommon for homeowners in Florida to fall victim to real estate foreclosures.
The foreclosure epidemic has been playing out in Florida for years. However, the lawsuit brings to light the fact that the problem goes way beyond Florida. In some cases, homeowners in Florida have been intentionally kept out of homes by banks and lenders because they belong to the Golden State Lumber Class Action lawsuit. It is unfortunate that these homeowners and families have to go through this process, but it is something that every homeowner should be aware of.
It is important for every homeowner to understand that the foreclosure epidemic in Florida goes way beyond just the Orlando market.
Foreclosures are happening all across the state of Florida. The suit that was filed against the National Foundation for Homeowners’ Litigation Reform Act proves that banks and lending institutions in Florida are taking advantage of homeowners. The suit highlights the need for homeowners to take action and contact their state attorney general and the Florida Attorneys General Office.
There are many benefits to filing a Golden State Lumber Class Action Lawsuit.
This lawsuit structure allows every homeowner a way to get out of foreclosures without having to endure a great deal of financial hardships. Once a homeowner has their lawsuit filed in state court, they stand a better chance of being awarded fair compensation. The lawsuit structured also ensures that banks take accountability for their actions, meaning that if the banks do end up foreclosing on homeowners’ property in Florida, they must pay for it.
Florida is a state that has a large number of homeowners in its population.
With so many homeowners in danger of losing their homes, the lawsuit has provided hope to many families. This class action lawsuit has been around for decades in order to provide homeowners with a way out of a foreclosure, but now homeowners can benefit from the rights being provided to them. If you are a homeowner in Florida and have fallen behind on your mortgage, contact a Golden State Lumber Class Action Lawyer immediately. They will be able to discuss your options with you.