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Bank sanctioned $7,500 for wrongful foreclosure (access required)

A bank that paid $70,000 to settle a defamation action after mistakenly starting foreclosure proceedings against a Rockingham County woman has been ordered to pay an additional $7,500 for its delay in delivering the settlement checks. U.S. Magistrate Judge B. Waugh Crigler found Bank of America “willfully failed to comply” with both the terms of the ...