Woman sues mortgage company for release of insurance proceeds

By Kelly Holleran | Sep 17, 2012

A Beaumont woman claims her escrow company refuses to release more than $40,000 in funds received from her insurance company after Hurricane Ike struck the region and damaged the woman’s home in 2008.

Maria Escuadra filed a lawsuit Aug. 31 in Jefferson County District Court against Nationstar Mortgage.

In her complaint, Escuadra alleges her property on Redwood Drive in Beaumont was damaged during Hurricane Ike. Following the hurricane, Escuadra filed a claim with her insurance company, seeking a refund for the destruction caused to her home, according to the complaint.

However, the money the insurance company offered Escuadra did not satisfy her, the suit states. Eventually, she agreed on a settlement with the insurance company. The insurance company then delivered the agreed funds to Escuadra’s escrow company, Nationstar, the complaint says.

Nationstar now refuses to release the $40,407.12 it received from the insurance company to Escuadra, she claims.

Escuadra alleges breach of contract, noncompliance with the Texas Insurance Code and breach of fiduciary duty against Nationstar

In addition to the money she claims she is owed, Escuadra is seeking attorney’s fees, pre- and post-judgment interest and costs.

George F. Cox of The Mostyn Law Firm in Beaumont will be representing her.

Judge Milton Shuffield, 136th District Court, has been assigned to the case.

Case No. D192-981

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