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Real Estate & Property Law

: The Home Equity Theft Reporter

LI Judge Strikes Again; Hammers Lender For $100K In Damages, Scraps $119K In Dubious Loan Charges For "Overreaching, Shocking, Unconscionable" Conduct

By r morris

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In Suffolk County, New York, Newsday reports:A state judge accused Emigrant Mortgage Co. of premeditated attempts to destroy an East Northport couple's chances of keeping their home, ordering the lender to pay the borrowers $100,000 in damages and scrapping as much as $119,330 in questionable late charges.***[E]migrant waited 14 months before starting a foreclosure case, apparently to rack up

Full post as published by The Home Equity Theft Reporter on April 21, 2010 (boomark / email).

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