How can I ensure siding lawsuit settlement payments are issued to me or the prospective buyer should my property sell during the claim process?
If your property is For Sale, please notify the ClaimSource One Corporate Office immediately. We can provide information and an Assignment of Claim form that will ensure proceeds are issued to you (the seller) or a prospective buyer should your property sell during the claim process. Several Class-Action Settlements stipulate that up to the day of the closing, payment awards are due to the seller. Thereafter, the settlement payment is awarded to the new property owner unless an Assignment of Claim is tendered. In all instances, we strongly encourage you to disclose the damaged siding issue and pending claim settlement to the new property owner. Disclosing the information may entitle you to receive the proceeds for any repairs you agreed to in the sale and provide the future owner an opportunity to submit subsequent year claims.
