Google+
  • Ocwen2.06+0.33 +19.08%
  • Zillow28.62+0.09 +0.32%
  • Trulia47+0 +0%
  • NationStar12.84+0.34 +2.72%
  • CoreLogic37.15-0.25 -0.67%
  • RE/MAX39.89+0.43 +1.09%
  • Fannie Mae2.05-0.03 -1.44%
  • Freddie Mac1.855+0.005 +0.270%
  • Wells Fargo50.50+1.30 +2.64%
  • CitiMortgage46.94+1.08 +2.35%
  • Bank of America14.92+0.24 +1.63%
  • Fidelity National Financial34.07-0.34 -0.99%
  • First American37.70-0.37 -0.97%
  • AUDUSD=X0.7197+0.0002 +0.0278%
  • USDJPY=X109.9190-0.2810 -0.2550%
  • WP Stock Ticker
Home | Uncategorized

Feed Subscription Uncategorized

Two Recent Missouri State Court Decisions Rule for Borrowers in Wrongful Foreclosure Actions- Imposing Punitive Damages

courtroom-justicescales

In Holm v. Wells Fargo and Freddie Mac, Missouri Court of Appeals, Western District No. 78666, the Missouri Court of Appeals addressed a wrongful residential foreclosure lawsuit. The Court of Appeals affirmed the judgment against Wells Fargo (servicer) which included $2,959,123 in punitive damages and $200,000 in emotional stress damages. The appellate court reversed the judgment regarding $89,762.30 awarded to the borrower concerning a claim for a post-foreclosure loss in value to the residence; $6,150 awarded to borrower for post-foreclosure repairs made by the borrower; and the award which had quieted title to the residence to the borrower (this aspect of the Court of Appeals’ decision revived Freddie Mac’s deed of trust).

Read More »
Scroll To Top