Thursday, October 18, 2012

Texas Appeals Court: Trial Judge "Abused Its Discretion" By Ordering Bankster To Pay Homeowner $300K In Sanctions In Ongoing Litigation Centering On Alleged Loan Modification Jerk-Around

In Beaumont, Texas, The Beaumont Enterprise reports:
  • A Fannett woman's courtroom fight with a mortgage company over her foreclosed home could end up before a jury.

    Ninth Court of Appeals justices on Thursday released an opinion saying the 58th District Court "abused its discretion" when Judge Bob Wortham sanctioned Bank of America on June 27, ordering the company to pay Trudie Crutchfield $300,000 in a breach of contract settlement.

    The company could have been fined up to $600,000 more if it did not correct Crutchfield's credit within 90 days and if she received another foreclosure notice, per Wortham's ruling. Court records show Wortham also ordered Bank of America to pay $20,000 to Crutchfield in attorney's fees.