Recently in a wrongful foreclosure case in Las Vegas, a family was awarded $3.4 million. This of course was not your typical foreclosure. It brings back memories of the hot coffee case at McDonalds. Once
hearing the evidence, the Jury determined that the Plaintiff’s condo was wrongfully foreclosed by Country Home Loans Inc. and awarded them compensatory damages in the amount of $922,690 as well as punitive damages of $2.5 million. As a lawyer I believe the Jury got this one right, this coming for someone who often sues credit card, mortgage and insurance companies. Because of a work situation, the Plaintiffs moved temporarily to Tucson, Arizona. Countrywide wrongfully sued for foreclosure and then proceeded to sell the condo. In 2003 the Plaintiffs found out what happened. In time the personal possessions of the Plaintiffs were thrown into the garbage including family photos and a wedding dress. How could that possibly happen? That’s a great question. The foreclosure was actually supposed to take place on a different condo.
I was asking myself as a lawyer, why didn’t Countrywide resolve this case before the trial? It is anyone’s guess what Countrywide’s thought process was. Usually the two sides have different opinions on the merits of the case. Congratulations to the Plaintiff’s attorney for doing a great job. In a recent statement Countrywide said that they were very disappointed with the outcome. Yeah right, can you believe that? They are probably going to spend lots of money on appeals as opposed to doing what is right and paying the Plaintiffs for screwing up.