Caldwell Banker Mortgage messes with the wrong Soldier and gets SHOT DOWN IN FLAMES WITH 20 MILLION DOLLAR JUDGEMENT

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Caldwell Banker Mortgage messes with the wrong Soldier and gets SHOT DOWN IN FLAMES WITH 20 MILLION DOLLAR JUDGMENT.

Yesterday, March 23, 2011, 2:00:28 PM | Foreclosure Defense Attorney Steve Vondran

OUCH – BANKS MESSES WITH SOLDIER AND LOSES AT TRIAL!  CAN’T A SOLDIER GET A LITTLE RESPECT HERE?

THE CASE IS 4:09-CV-00146-CDL, FILED IN UNITED STATES DISTRICT COURT IN GEORGIA.  ATTORNEY (WINNER) IS CHARLIE GOWER.  CASE FILED 12/1/09.

FINAL VERDICT: 1,000,000 IN EMOTIONAL DISTRESS DAMAGES / $350,000 IN ATTORNEY FEES / $20,000,000 IN PUNITIVE DAMAGES (WOW).

CAUSES OF ACTION ALLEGED (AND SUCCESSFULLY PROVEN): 1. RESPA 2. BREACH OF CONTRACT AND 3. NEGLIGENCE

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Military.com reports a 20 million dollar SHOT TO THE HEART of PHH Mortgage for imporperly messing with Soldier’s Credit Report.

Another amazing tale of lender arrogance and failure to follow the law.  This time, the culprit is PHH Mortgage (DBA Coldwell Banker Mortgage).  The story is old, common, typical and simple to understand.  Soldier buys a house and gets hooked up on automatic payment system.  Payments are kept current.  Later, lender claims payments are late, and soldier is forced to clear up his name and to try to contact the servicer to fix the error.  Of course, there is little help offered and lots of hold time with customer servicer.  Eventually, negative credit is reported against the soldier.  Amazing?  Yeah.

So after several go-rounds to fix the problem, the guy gets tired of it, hires a lawyer, and files a lawsuit.  Lender of course is arrogant, denies all wrongdoing and takes the case to jury trial.  End result – Verdict for Plaintiff, and 20 million dollar punitive damage award against Coldwell Banker.  When will these companies get it right and start treating people like human beings?

Just another tale from the foreclosure pit.

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, Lender Liability, predatory lending, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |