Seterus Hit with Lawsuit Over “False and Misleading” Debt Collection Letters

Last Updated on December 9, 2020

Important Information

Attorneys working with are no longer investigating this matter. The information here is for reference only. A list of open investigations and lawsuits can be viewed here.

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Case Update

December 9, 2020 – Investigation Closed, Settlement in the Works

At A Glance

This Alert Affects:
Anyone who fell behind on mortgage payments and then received a letter from Seterus regarding their non-payment.
What’s Going On?
Seterus has been hit with class action lawsuits that allege the company sent out debt collection letters that falsely implied that homeowners’ loans would be accelerated – meaning the full amount of the mortgage would be due – if they didn’t pay the money they owed within a certain time period. A copy of these letters can be seen below.
Who Is Seterus Anyway?
Seterus Inc. is a company that specializes in collecting delinquent residential mortgage loans.