Magistrate Recommends Note Holder Receive Over $636,000 In Foreclosure Damages

Mealey's (May 18, 2022, 2:13 PM EDT) -- BROOKLYN, N.Y. — A federal magistrate judge in New York on May 13 recommended that a note holder be awarded $646,135.92 in damages, fees and costs associated with the foreclosure on certain property, minus nearly $10,000 in deductions based on credits, as well as the appointment of a referee to conduct a foreclosure on the property, stemming from a borrower’s default on a mortgage loan....