Conferences

Case Spotlight:

In re Nosek, 363 B.R. 643 (Bkrtcy. D. Mass.2007) theBankruptcy Court awarded:

$250,000.00 in EMOTIONAL damages
$500,000.00 in PUNITIVE damages

Servicer failed to correctly apply payments: plan payments to pre-petition arrearages (POC), post-petition payments to post-petition balance.

Internal accounting alone not sufficient: externalhistory, shared with Debtor and outside world, must be correct.

Servicer simply unwilling or unable to conform its accounting Bankruptcy Code, thus punitive damages to encourage conformity.

Recap Nosek

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AFN’s 6th Annual Leadership & Default Conference
 
July 15-18, 2008
 
Hyatt Regency Lake Tahoe Resort, Spa and Casino
Incline Village, NV
 
On behalf of the AFN; it gives us great pleasure to invite you to attend AFN’s 6th Annual Leadership and Default Conference "No Mortgage Professional Gets Left Behind." This conference’s educational offerings will equip all attendees with the training and information necessary to effectively address the current and future residential loan servicing landscape.

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