A state judge has nearly cut in half the amount of principal owed by a Long Island homeowner, ruling that a lender’s conduct during almost three years of foreclosure proceedings was “wholly devoid of even so much as a scintilla of good faith.”
Acting Supreme Court Justice Jeffrey Spinner in Suffolk County (See Profile) said Bank of America “deliberately acted in bad faith” while prosecuting the foreclosure over 34 months and ordered the bank to pay $200,000 in damages to the homeowner, John Lucido. The award will be put toward the $493,219 principal Lucido owes on his mortgage.
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