The attorneys at Markovits, Stock & DeMarco, LLC filed an Ohio class action lawsuit against The Huntington National Bank for failing to timely file mortgage satisfactions in violation of Ohio Revised Code Section 5301.36. Filed on behalf of James T. Hoffman as plaintiff, the class action complaint alleges that Huntington filed a mortgage satisfaction relating to the plaintiffs’ former property more than 90 days after the mortgage was satisfied (i.e. paid off). The plaintiff filed the complaint on behalf of himself and all other Ohio mortgagors for whom Huntington failed to timely file mortgage satisfactions. Under Ohio law, the failure of the mortgagee (lender) to file the mortgage release within 90 days of the mortgage being satisfied results in $250 statutory damage to the mortgagor (borrower).
If you recently satisfied the mortgage on your property (through paying off the mortgage and retaining the property or through selling the property) and would like to determine whether your mortgage was timely released, please contact Markovits, Stock & DeMarco at 855-843-5442 or complete the form below, and we will assist you.