# Oregon Couple Wins $8M After Foreclosure Mistake

> Oregon couple gets $8 million award after foreclosure firms wrongly claimed they moved out.
- Title: Oregon Couple Wins $8M After Foreclosure Mistake · Indiatimes
- Summary: Oregon couple gets $8 million award after foreclosure firms wrongly claimed they moved out.
- Keywords: oregon, wallace owen, barbara owen, foreclosure, unlawful trade practices, punitive damages, reverse mortgage, clear recon corp, aldridge pite llp, aag, reverse mortgage funding, lantern gate properties
- Source: Indiatimes — https://timesofindia.indiatimes.com/world/us/an-oregon-couple-in-their-70s-were-wrongly-said-to-have-moved-out-of-their-own-home-which-was-sold-at-foreclosure-in-2022-though-they-never-left-a-jury-has-now-awarded-them-over-8-million-against-the-firms-involved/articleshow/135636271.cms
- Author: TOI World Desk
- Published: 2026-11-09T17:29:00+00:00
- Read time: 2 min
- Topics: oregon, wallace owen, barbara owen, foreclosure, unlawful trade practices, punitive damages, reverse mortgage, clear recon corp, aldridge pite llp, aag, reverse mortgage funding, lantern gate properties
## Oregon couple wrongly claimed moved out
An Oregon couple in their 70s were wrongly said to have moved out of their own home which was sold at foreclosure in 2:2022 though they never left.
## Foreclosure sale in 2022
The house on Skyline Road South in Salem, Oregon was sold at a foreclosure auction in September 2022.
## Loan companies claimed default
American Advisors Group claimed in 2021 that the couple had relocated and treated it as a default on their reverse mortgage.
## Foreclosure proceeded without verification
The companies did not inspect the property to establish whether the couple had actually moved out.
## Postal notices failed to reach
Postal tracking records showed legal notices sent to Wallace Owen had not reached the homeowners nor left Georgia.
## Jury awards $8 million
A jury found Clear Recon Corp and Aldridge Pite LLP liable for unlawful trade practices and financial abuse of vulnerable persons.
## Wallace gets $108,000
The jury awarded Wallace $108,000 in actual damages and $4.4 million in punitive damages against Clear Recon Corp.
## Barbara gets $216,000
The jury awarded Barbara $216,000 in actual damages and $4.4 million in punitive damages against Clear Recon Corp.
## Aldridge Pite liable
Aldridge Pite was found liable for misleading statements about surplus funds and refusing to release money on demand.
## Economic damages awarded
The jury awarded each homeowner $400,000 in economic damages and $250,000 in non-economic damages after finding financial abuse of a vulnerable person.
## AAG found liable by default
AAG had already been found liable by default for financial abuse of a vulnerable person.
## Surplus funds withheld
The foreclosure sale generated more than $175,000 above the amount owed on the mortgage but Clear Recon and Aldridge Pite withheld the money.
## Homeowners needed funds
Wallace and Barbara said they needed the funds to meet regular living expenses and hire lawyers to defend themselves.
## Companies argued for good faith
Lantern Gate Properties maintained it had bought the property in good faith at a public auction and held legal title to it.
## Jury verdict details
The jury found Clear Recon liable on all three claims under Oregon's Unlawful Trade Practices Act for willful foreclosure and false statements about surplus funds.
## Key takeaway

A jury awarded Wallace and Barbara Owen over $8 million against companies that foreclosed on their home in 2022 despite them still living there.