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Illinois Judge Affirms $2M Award for Wrongful Foreclosures

rogerrinaldi

January 8, 2016, 01:30:00PM. By The National Trial Lawyers

The National Trial LawyersAn Illinois district court judge affirmed a $2 million verdict against a Texas-based mortgage servicer for its collection activities against an elderly homeowner.

Illinois Judge Affirms M Award for Wrongful ForeclosuresAlena W. Hammer filed suit in 2013 after Residential Credit Solutions filed two wrongful foreclosures, although Hammer had previously completed a loan modification with the Federal Deposit Insurance Corporation.

In April 2015, a federal jury found in Hammer’s favor on all claims of breach of contract, violations of Illinois Consumer Fraud Act and the real Estate Settlement Procedures Act.

FDIC took over as receiver

Originally, Hammer’s home loan was serviced through AmTrust Bank, and it initiated foreclosure proceedings after she defaulted on payments in 2009. The foreclosure was stayed after AmTrust failed, and the FDIC took over as the receiver for AmTrust.

Hammer testified that she received her loan package a few days after it was due…

View original post 380 more words

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