Deutsch Slammed With $2 Million to Pay Homeowner Who Paid Cash


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see http://lastbestnews.com/site/2015/11/bank-ordered-to-pay-2-million-for-mistaken-foreclosure/

This was no mistake and that is why punitive damages were awarded along with damages for emotional distress. Further in all probability Deutsch had no idea that its name was being used to foreclose on a mortgage that did not exist, nor did it care.

In a saner world, Deutsch would have settled the matter early. But the strategy for the banks is to make it as difficult as possible to get to the end zone. Deutsch gets paid fees as trustee for nonexistent trusts. It is regularly named as the foreclosing party when it possessed neither ownership nor authority. They will say that this was a paperwork problem. But it runs deeper than that.

Just how did anyone come up…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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