Magistrate Recommends Denying Dismissal Of Class Action Over Reverse Mortgages

Mealey's (February 10, 2020, 10:39 AM EST) -- NEW YORK — A federal magistrate judge on Feb. 5 recommended denying dismissal of a class action suit brought by an elderly woman who claims that the holder of a reverse mortgage prematurely paid property taxes on her home, finding that she sufficiently alleged that she suffered an injury as a result of the defendants’ conduct (Margaret Shakespeare v. Live Well Financial Inc., et al., No. CV 18-7299, E.D. N.Y., 2020 U.S. 21714)....