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Verdict Reached in WA Wrongful Bank Foreclosure Case


Posted on Mar 19, 2010

March 19, 2010 - Seattle, Wash. - As lenders attempt to get out of modifying loans for struggling homeowners, legal help is often necessary to win a favorable outcome for borrowers. Ideally, as lenders are held accountable for wrongful bank foreclosure, they will become more willing to work with homeowners without having to resort to going to court.

The Bellingham Herald
reports that Washington is home to the one of the first jury verdicts on a wrongful bank foreclosure lawsuit. In this suit, a disabled senior's house on Whidbey Island was auctioned off in February of 2008. The homeowner was late on some of her payments, but her court-appointed guardian had given instructions to Quality Loan Service Corp. to sell the home 11 days before the auction was set up. It would have been sold by March had the company followed directions.

The woman's home should have been sold for $235,000. Instead, it was auctioned off for $83,000, costing the homeowner about $150,000 in equity. The court's finding was that the company violated the state's Consumer's Protection Act by wrongfully auctioning off the home. It also breached its contract with the wronged homeowner, prompting the judge to request a $230,000 settlement.

The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.

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Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state.