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Bank to pay Billings man $2 million for ‘mistaken’ foreclosure

November 10, 2015 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

A District Court jury has awarded a Billings man just over $2 million in his action against a bank that foreclosed on and sold a house that he and his wife had purchased outright for cash two years earlier.

After a four-day trial in the court of Yellowstone County District Judge Ingrid Gustafson last week, the jury unanimously awarded Jason Norman $350,000 in lost profitability, $100,000 for emotional distress and $1.6 million in punitive damages against Deutsche Bank National Trust Co, reports Last Best News.

By Ed Kemmick – Last Best News

Full Story: http://www.kbzk.com/story/30482234/bank-to-pay-billings-man-2-million-for-mistaken-foreclosure

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