Tennessee Judge Wipes Out Half Of Homeowner's $1M+ Wrongful Foreclosure Jury Award Against BofA; Leaves Another $300K In Limbo

In Johnson City, Tennessee, the Johnson City Press reports:

• In late July, Jesse Miltier thought he had achieved justice in a five-year battle with Bank of America, which wrongfully foreclosed on his Watauga home in 2004. He’s found out otherwise since July 31, when a jury in Carter County awarded him $1,050,000 — including punitive damages, a rarity in wrongful foreclosure suits — as BOA has fought certain aspects of the award. Monday in Jonesborough, Judge Thomas Seeley heard motions in which BOA attorneys sought to lower that award to $200,000. By the end of the hearing, $550,000 of what the jury had awarded was wiped out, and the status of another $300,000 in punitive damages was up in the air.

For more, see Plaintiff home sick by decision.