Foreclosure victim sues lender for selling possessions
Must lender pay punitive damages for violating bankruptcy stay?
By Robert Bruss, Wednesday, January 19, 2005.Kandi Kaufman was in default on her home loan secured by her six-bedroom, 5,230-square-foot house. She received a written loan solicitation from Coast Capital Corp. offering to refinance her mortgage "regardless of credit history, income or employment" to prevent foreclosure.
Kaufman's loan application disclosed she was unemployed, had judgments against her, was delinquent on her home mortgage, had previously filed bankruptcy, was involved in a pending lawsuit, and had no other major assets than her home. Nevertheless, Coast agreed to refinance her existing loan.
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