$16 Million In Linza V. PHH Jury Trial

$16 Million In Linza V. PHH Jury Trial

Written by  in category 
July 18, 2014

You can find another reference from the National Mortgage News article HERE.

Yuba jury awards $16 million in mortgage case

Phillip Linza, a homeowner in Plumas Lake, was awarded the damages after a three-year battle against PHH Mortgage Services, a loan servicer based in Mount Laurel, N.J. A Yuba County Superior Court jury decided on the award earlier this week.

Linza’s attorneys Andre Chernay and Jon Oldenburg of the United Law Center in Roseville, said the award included $514,000 in compensatory damages and $15.7 million in punitive damages. They said it ranked among the biggest jury awards they’ve encountered in years of representing homeowners in foreclosure and other mortgage-related cases.

“This is really the highest we’ve seen,” Oldenburg said. “It’s a huge figure.”

Officials with PHH couldn’t be reached for comment. The company’s lawyers Edward Treder and Darlene Hernandez declined comment.

Chernay said the case began when Linza, who works in sales, fell on hard financial times after buying a home in 2006 for approximately $280,000. Court records show Linza filed for personal bankruptcy in October 2009.

According to his lawsuit, PHH agreed in late 2010 to a loan modification that was supposed to reduce Linza’s monthly payments to $1,543 from $2,100. The new loan was supposed to take effect in January 2011.

After Linza made three monthly payments under the new terms, PHH began sending him letters demanding different amounts. First it said his new payment was $2,350 a month – slightly higher than before the modification. Later it sent him a notice saying he owed PHH some $7.056. The company also told him it wasn’t applying his monthly payments to his loan balance because he wasn’t paying the proper amount, according to Chernay.

“It was their mistake as of January 1st (2011) that created this whole scenario,” Chernay said.

Despite numerous phone calls and letters, Chernay said Linza wasn’t able to resolve the problem. After learning that his payments weren’t being used to reduce his balance, he stopped sending money to PHH, the lawyer said.

In 2012, the loan-servicing company initiated foreclosure proceedings. The proceedings halted when the Roseville law firm stepped in and filed suit on Linza’s behalf, Chernay said.

Even with the foreclosure stopped, Linza’s credit rating suffered and he endured emotional stress, Chernay said.

“If the Yuba County jury hadn’t saved him, the house would have been gone and he would have had to move in with his daughter in Colorado,” Chernay said.

159 Responses

  1. Hey! I could have sworn I’ve been to this website before but after browsing through
    some of the post I realized it’s new to me. Anyways, I’m definitely delighted
    I found it and I’ll be bookmarking and checking back frequently!

  2. Ahaa, its good discussion regarding this article here at this webpage, I have read all that,
    so now me also commenting here.

  3. I am really pleased to glance at this website posts which includes
    tons of valuable information, thanks for providing these information.

  4. Everything is very open with a clear clarification of the
    issues. It was really informative. Your website is very helpful.
    Thanks for sharing!

  5. I’m impressed, I must say. Rarely do I come across a blog
    that’s both educative and amusing, and let me tell you, you have hit the
    nail on the head. The problem is something too few men and women are speaking intelligently about.
    I’m very happy I found this during my search for something relating to

  6. Can you tell us more about this? I’d want to find out more

  7. Trường hợp các anh em mới thường gặp trong cá độ bóng đá
    Sbobet. Các ưu thế chủ động và tiện lợi nhất cho mình
    nhất sẽ giúp người tham gia. Khi mà đội xếp ngay phía dưới là những ưu điểm
    nổi bật hơn. Các ưu đãi của nhà cái ngay hôm nay các nhà
    cái diễn ra. Sbobet trang thay DNS của google cloudflare
    Opendns”..tuy nhiên bạn nên quan tâm hiện nay trên trang. Ultra hiện nay là phần Trác nhiệm người chơi chọn mục giải bóng đá chính bầu dục. ✓ cung cấp với casino trên mạng truy cập Sbobet khi đó vô tình giải đáp. Bám địa bàn phía Nam do sự kiểm soát của chính phủ Philippines cấp. Đơn vị đang có trụ sở ở Isle of Man vừa cấp giấy phép cho mật khẩu. Và ngược lại nhiều giây phút hào hứng thú vị cho phép bạn tham gia chú ý.

  8. Do you have a spam problem on this website; I also am a blogger,
    and I was curious about your situation; we have developed some nice methods and we are looking to exchange solutions
    with others, why not shoot me an e-mail if interested.

  9. Show to viewers how the proper part of the workplace liable for offering.
    Since ancient occasions sbobet additionally exhibits how grateful and the way they reply
    to you along with. 111calculating fastidiously they nonetheless
    lost though the hazards will nearly always in a position to communicate with
    you. Almost all main soccer leagues and matches in various leagues
    nonetheless it is possible. Bandar taruhan sbobet maxbet on the outcomes of soccer volleyball basketball tennis this site has been. Persyaratan daftar sbobet di wesbite kami akan posting
    kembali untuk cara membuka web site. Message that is the official sbobet site but it is the Sfbootcet psychology
    Meetup group all about. Aid their own house but ensure you’re alert to
    the internet to have the ability to entry.
    Internet Explorer. Dengan perkembangan teknologi yang melayani member dalam permainan sportsbook sbobet dan tangkas terpercaya judi bola agen terpercaya.
    Judi303 adalah agen bola, agen. Premiumbola adalah agen sbobet m9d agen judi poker,
    domino qq kiu kiu online uang asli domino bandar domino.
    Online video games fb indonesia terpercaya agen bola 888
    bandar taruhan bola bandar judi. Menu Domestic Carilah nilai taruhan anda dengan most vital judi on-line
    harus memiliki kartu kredit yang. Jaman sekarang anda sudah bisa
    memasang taruhan dengan cepat dan nyaman tanpa ada gangguan dari pihak manapun.

  10. Hey There. I found your weblog the usage of msn. That
    is a very neatly written article. I’ll be sure to bookmark it and come back to learn extra of your helpful info.
    Thanks for the post. I’ll certainly comeback.