ABC News Covers Linza Trial

ABC News Covers Linza Trial

Written by  in category 
July 21, 2017

ABC News Covers Linza trial victory:

Yuba Co. man awarded millions in modification fraud case

PLUMAS LAKES – A Plumas Lakes man has won a major judgement in a mortgage modification fraud case dating back to 2010.

A Superior Court jury in Yuba County awarded Phillip Linza $513,902 in damages and $15.7 million in punitive damages against PHH Mortgage Corporation.

It began when Linza was struggling to pay his mortgage in 2010 in the middle of the mortgage crisis. He thought he was on the road to saving his home when his loan provider PHH Mortgage agreed to a loan modification, taking his payment from $2,100 a month to just over $1,500 a month.

“I made the payments for months,” Linza said. “Then I get a letter in the mail that says, ‘oops, we made a mistake, your payments aren’t $1,530, they’re $2,300.'”

A few weeks later, the company sent Linza another letter.

“They jacked it up, never explained why. They sent another letter demanding $7,000, never explained why,” said United Law Center attorney Andre Chernay, who helped represent Linza.

Linza testified he tried repeatedly to reach someone with the company who would help him straighten things out, but got nowhere. When, in desperation, Linza threatened to sue PHH Mortgage, the company did respond.

Linza said he was told, “‘We’re a multi-billion dollar company. Stand in line because we’ve got a busload of attorneys that are on retainers.'”

The ruling Thursday is being called one of the largest of it’s kind in California and a message to the banking industry.

“It’s a classic case of David v. Goliath,” according to Jon Oldenburg, Managing Attorney and partner at United Law Center. “No one thought the banks could be beaten. This award is a huge step in the right direction to help us continue to punish the banks for violations against millions of California homeowners.”

Linza said the entire issue could have been avoided if PHH Mortgage had simply owned up to their mistake and honored their agreement. He said the verdict sends a broad message.

“You people have been taking advantage of enough people and the country’s tired of it. I mean, society’s tired of it,” Linza said.

The case is expected to be appealed.

No one from PHH Mortgage was available for comment late Friday.

Please follow and like us:

16,626 Responses

  1. I just want to say I am very new to blogging and seriously liked this blog. Very likely I’m going to bookmark your site . You really have superb well written articles. Bless you for sharing with us your blog site.

  2. Keeley says:

    This is true for investment recommendation as effectively.

  3. Marvelous, what a website it is! This website gives useful facts to us, keep it up.

  4. Jav Stream says:

    Hey there! This post couldn’t be written any better! Reading this
    post reminds me of my good old room mate!
    He always kept chatting about this. I will forward this write-up to him.
    Pretty sure he will have a good read. Thanks
    for sharing!

  5. Nicole says:

    And this is an funding danger price taking.

  6. Pretty nice post. I just stumbled upon your weblog and wanted to say
    that I’ve really loved surfing around your blog posts. In any case I will be subscribing for your feed and
    I hope you write once more very soon!

  7. casino says:

    casino – – Once your
    body starts to feel good, your cravings will first subside and you’ll be
    reaping the main advantages of lowering the sugar within your
    diet. Everybody needs many ways once and even though, but
    when your quality of life is at risk then this stakes go higher.
    But, can remember the key this is moderation – while a drink per day is protective, excessive consumption of alcohol is devastating to health.

  8. Ezra says:

    hello!,I really like your writing so so much! percentage we communicate more about your post on AOL?
    I need a specialist on this area to unravel my problem.
    Maybe that is you! Taking a look ahead to look you.

  9. Hurrah, that’s what I was seeking for, what a information! present here att this
    weblog, thanks admin of this site.

  10. news says:

    news – – Once your
    body actually starts to feel better, your cravings will naturally subside and you’ll be reaping the main advantages of lowering the sugar inside your diet.
    Taking care of your teeth is definitely an ongoing process and regular check-ups and cleaning on the dentist prevents any
    lasting problems. But, remember fondly the key here’s
    moderation – while a drink per day is protective, excessive consumption of
    alcohol is devastating to health.

Leave a Reply

Your email address will not be published.

United Law Center Newsletter