'Hero' Judge Urged by Homeowners to Nix $45 Million BofA Penalty

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‘Hero’ Judge Urged by Homeowners to Nix $45 Million BofA Penalty

‘Hero’ Judge Urged by Homeowners to Nix $45 Million BofA Penalty

BLOOMBERG-

A California couple who were dragged through a Bank of America Corp. foreclosure called “brazen” and “heartless” by a bankruptcy judge have joined the lender’s request to be spared from a $45 million punishment.

U.S. Bankruptcy Judge Christopher Klein in Sacramento, hailed as a “hero judge” by Money magazine for coming down so hard on the bank, must now decide whether to approve a settlement that would rescind both the penalty and the scathing 107-page decision that accompanied it in March.

While Klein said the size of the punitive damages award against Bank of America was meant to “not be laughed off in the boardroom,” the couple who endured what the judge described as a “Kafkaesque nightmare” say the deal they’ve struck will leave them better off and avoid years more litigation and appeals.

[BLOOMBERG]

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One Response to “‘Hero’ Judge Urged by Homeowners to Nix $45 Million BofA Penalty”

  1. Fred Schneider says:

    I don’t think this organization is really and truly a foreclosure site when they continually block people like me who attempt to continue to add proof of the ongoing corruption and racketeering that continues with nasty, proven abusers like Bank of America, Shellpoint mtg. Seterus, Fannie Mae and the really bad and phony CFPB.

    I sure hope the Trump Administration will pursue this more and am hopeful that Mr. Mulvaney will get involved in insisting that the CFPB start doing its job and help innocent people like me- there are thousands, if not millions, who could sure use help as lenders and their “co-conspirators” including our very own government continue to steal property they are not entitled to in any way. Semper Fi

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