Lending Executive Loses Home
Proposed for Leverage:
Nathan Ford (Timothy Hutton), Eliot Spencer Christian Kane), Sophie Devereaux (Gina Bellman), Alec Hardison (Aldis Hodge), Parker (Beth Riesgraf).
Four families who have lost their homes approach the crew of Leverage seeking assistance and justice. These families all worked with Western Funds Bank and even though millions of dollars were purportedly available to enable them to stay in their homes, after nine months of “negotiations” with the lenders, nothing was accomplished, other than to have their homes foreclosed on them.
A senior member of the Western Funds Bank mortgage division received a multi-million dollar bonus during the nine months of ineffective assistance. The families wanted someone to be held accountable.
The Leverage team decided that the most appropriate form of accountability would be to “take” the senior banker’s $4 million home in the hills south of San Francisco, sell it on a shortsale, and split the $3 million or so among the four families, which would enable them to get back into housing simliar to what they had lost.
The banker would be given a stipend to enable him to rent a condominium until he could find suitable housing elsewhere.
