2nd Circuit Vacates And Reduces Award For Unjust Enrichment

Mealey's (May 1, 2017, 2:27 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on April 28 vacated an award of $295,298 for a loan servicer, but replaced the amount of the award with $106,511, finding that former property owners were unjustly enriched when they took advantage of an unrecorded mortgage (Green Tree Servicing, LLC v. Nicholas Christodoulakis, et al., No. 16-1765, 2nd Cir., 2017 U.S. App. LEXIS 7644)....