Bank to pay Billings man $2 million for 'mistaken' foreclosure

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Bank to pay Billings man $2 million for ‘mistaken’ foreclosure

Bank to pay Billings man $2 million for ‘mistaken’ foreclosure

KPAX-

A District Court jury has awarded a Billings man just over $2 million in his action against a bank that foreclosed on and sold a house that he and his wife had purchased outright for cash two years earlier.

After a four-day trial in the court of Yellowstone County District Judge Ingrid Gustafson last week, the jury unanimously awarded Jason Norman $350,000 in lost profitability, $100,000 for emotional distress and $1.6 million in punitive damages against Deutsche Bank National Trust Co, reports Last Best News.

Also named as defendants were Ocwen Loan Servicing, which handled the sale of the Normans’ house, and MOM Haven 6 LLP, the company to which the house was sold.

 [KPAX]

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