Jury Awards Man $2.5 in Punitive Damages Against Ocwen for Willfully Violating the FCRA
Attorney Adam Deutsch of the law firm Denbeaux and Denbeaux talks about the award of $2.5 in punitive damages in a foreclosure case. He explains why the jury made the award, how the case developed and what homeowners in NJ can expect if they find themselves in a similar situation.
“Mr. Daugherty had a balloon note mortgage, and he had to pay an $80,000 balloon payment,” said Nolan, with the law firm of Hamilton Burgess Young and Pollard. “He wasn’t behind on his mortgage payments, yet the credit report showed he was five months behind. It said he was in foreclosure, and he wasn’t. Ocwen even acknowledged he wasn’t in foreclosure.”
The lawyers of Denbeaux and Denbeaux are trusted experts and trusted authorities in handling foreclosure cases which stem from loan servicing errors. These loan servicing error fall under federal laws and require that the case be tried in federal court. We’re experts there, too.
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