Outrageous jury award reveals contempt for mortgage lenders

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A Jefferson County jury has awarded a Louisville couple a $21.5 million verdict for being victimized in what their lawyer called "a Ponzi scheme" run by another couple who have been indicted in three mortgage fraud cases and have been linked to massage parlor prostitution.

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The difficulties of refinancing after divorce. Lenders are not a party to the divorce and therefore are not bound by the provisions laid out in the decree, meaning they will continue to hold both parties on the mortgage accountable until your name is off the loan.

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Nevertheless, the jury also found Chase interfered with "Bergman’s right to receive benefits of the contract," i.e. the promise of a loan modification. In other words, the jury did not find Chase was required to give Bergman a loan modification if he made the three trial plan payments; Chase did not breach the contract for that reason.

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A California state jury on Tuesday awarded $25.1 million in damages to Mount Olympus Mortgage Co., finding rival mortgage lender Guaranteed Rate Inc. liable for illegally transferring hundreds of.

Together with other aspects of policy promises that are light in detail, the jury remains unconvinced that. 10-year money is up 0.03% at 1.37% In the mortgage market more broadly, after the initial.

MOTION FOR CONTEMPT AGAINST NATIONSTAR ***** Before the Court is Motion for Contempt Against Nationstar Mortgage, LLC ("Motion for Contempt") (Doc. 147) filed by Debtors Joseph J. Mocella and Kimberly A. Mocella on October 27, 2015.. mortgage loans.6 Michael A. Gallo is the Standing.

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