Somewhere on this forum I posted links to a mortgage bk case that resulted in SERIOUS sanctions.
750k total, if I recall correctly, I think it was Wells Fargo.
They pulled a similar stunt and then tried to cover it up in court with lies and false witnesses.
The truth was found, the mortgage note was erased (free house for the debtor), and the debtor was awarded 750k or so in sanctions.
I am certain they appealed, but I bet the attorney negotiated a very good settlement, probably in the 500k range.
If you are really interested, you can run a search for my forum posts. May take a while, and I am not interested in digging into them, but it was a very detailed post and al the court cases are cited with links to the sites where you can read the actual decisions and see the way it all unfolded.
Best,
-dmc
750k total, if I recall correctly, I think it was Wells Fargo.
They pulled a similar stunt and then tried to cover it up in court with lies and false witnesses.
The truth was found, the mortgage note was erased (free house for the debtor), and the debtor was awarded 750k or so in sanctions.
I am certain they appealed, but I bet the attorney negotiated a very good settlement, probably in the 500k range.
If you are really interested, you can run a search for my forum posts. May take a while, and I am not interested in digging into them, but it was a very detailed post and al the court cases are cited with links to the sites where you can read the actual decisions and see the way it all unfolded.
Best,
-dmc
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