Monday, May 4, 2009

Maryland Lawmaker Accused Of Scamming Homeowner In Foreclosure Dodges Bullet As Unfavorable Jury Verdict Limits Liability To $11K

In Anne Arundel County, Maryland, The Baltimore Sun reports:

  • An Anne Arundel County jury ruled Thursday that a state delegate will have to pay $11,000 to a woman who signed her home over to him, but that he did not intentionally defraud her. Del. Tony McConkey, a Severna Park Republican, said that the ruling was "a complete vindication." "It couldn't have turned out any better," he said.

  • In September, Anne Arundel Circuit Judge D. William Simpson found that McConkey, a real estate agent, violated a state law intended to protect homeowners in foreclosure in his dealings with Theresa Milligan over her Pasadena condominium. The jury found that McConkey should pay Milligan $28,000 for the loss of her home and $6,000 in other damages. But they also ruled that Milligan should pay $23,000 to McConkey for breaking her contract with him. Milligan's attorneys, Peter A. Holland and Michael Morin, had asked the jury to grant her as much as $1.5 million for the loss of the home and emotional distress. The single mother of three, who has been staying with her brother since losing the condominium, is "devastated" by the ruling, Morin said.(1)

Source: $11,000 awarded in McConkey case.

See also, WBAL-TV Channel 11: Jury Decides Against Delegate In Mortgage Case.

(1) According to this story, the case remains open as the homeowner's attorneys said they plan to ask the court to make McConkey pay their attorney fees. Attorney Michael Morin said they also plan to argue Milligan should not have to pay McConkey back the $23,200 because it was part of an illegal contract.

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