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View Full Version : Bank told to pay $3.2M for 'shocking' foreclosure




jim49er
03-07-2014, 08:38 PM
ALBUQUERQUE, N.M. (AP) A New Mexico judge has issued a $3.2 million judgment against Wells Fargo for foreclosing on a man's home after his death, even though he had purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

District Judge Beatrice Brickhouse said the bank's conduct was shocking and so reprehensible that in addition to actual damages, attorney's fees and court costs, she awarded James Dollens' estate $2.7 million in punitive damages.

http://www.thv11.com/story/money/business/2014/03/07/bank-pay-32m-for-foreclosure/6177645/