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Originally Posted by grasshopper I have heard that there was a big court case where a Mortgage Bond was brought to trial and the judge awarded the plaintiff more then the bond was for. Does anyone know the name of this case or somewhere I can get more information on it? I hear it is having a big impact on all DC mortgage brokers. |
It's hard to perform legal research without more specific info, i.e., the specific court , either the plaintiff or defendant, and especially the date. An award greater than the bond amount wouldn't be unusual, however, and could have included legal fees incurred by the plaintiff. The date of the decision could be especially important because it's always possible the decision is being appealed. You didn't disclose the nature of the case (fraud? misrepresentation? license?) so we're in the dark.
Post if you learn more details.