Comments on: Judge Annoyed With Lender, Cancels Mortgage http://housingdoom.com/2009/11/28/judge-annoyed-with-lender-cancels-mortgage/ "He who defends everything defends nothing." - Frederick the Great Fri, 19 Mar 2010 18:24:50 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: malthus http://housingdoom.com/2009/11/28/judge-annoyed-with-lender-cancels-mortgage/comment-page-1/#comment-21286 malthus Sun, 29 Nov 2009 14:44:00 +0000 http://housingdoom.com/?p=5534#comment-21286 They thumbed their noses at the judge. YOU DON’T EVER DO THAT.--stfram Contempt of court is not sufficient grounds for a half-million dollar "fine". The judge is a reckless fool. If his decision is not overturned, it will imperil the mortgage market for the entire state. They thumbed their noses at the judge. YOU DON’T EVER DO THAT.–stfram

Contempt of court is not sufficient grounds for a half-million dollar “fine”.

The judge is a reckless fool. If his decision is not overturned, it will imperil the mortgage market for the entire state.

]]> By: stfram http://housingdoom.com/2009/11/28/judge-annoyed-with-lender-cancels-mortgage/comment-page-1/#comment-21285 stfram Sat, 28 Nov 2009 21:13:15 +0000 http://housingdoom.com/?p=5534#comment-21285 IMO, the bank got what it deserved in this situation. They thumbed their noses at the judge. YOU DON'T EVER DO THAT. The judge ordered a conference, fully expecting the bank to offer a compromise acceptable to both parties. Instead they told the judge and the homeowners to go &%$# themselves, and apparently expected the judge to tell the homeowners that they should just let the house be foreclosed on. Except he didn't...he called their bluff. It seems to me that the bank had a buyer in mind that would allow them to profit from a foreclosure, and they didn't give a hoot that a couples credit would be ruined for 7+ years in the process. IMO, the bank got what it deserved in this situation.

They thumbed their noses at the judge. YOU DON’T EVER DO THAT.

The judge ordered a conference, fully expecting the bank to offer a compromise acceptable to both parties.

Instead they told the judge and the homeowners to go &%$# themselves, and apparently expected the judge to tell the homeowners that they should just let the house be foreclosed on.

Except he didn’t…he called their bluff.

It seems to me that the bank had a buyer in mind that would allow them to profit from a foreclosure, and they didn’t give a hoot that a couples credit would be ruined for 7+ years in the process.

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