Re: judge CANCELS $500k mortgage in judgement
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Nov 28th, 2009, 01:33 PM
#6 (permalink)
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Quote:
Originally Posted by Russ H
I don't know if I find it unbelievable-- judges are notorious for doing things like this to "send a message" to plaintiffs or defendents.
They do it because they want to start a discussion-- and to give the media something to get that discussion started.
Actually, I applaud his decision. Not because he erased their mortgage-- but because he's trying to send a message to banks that they have to be a bit more "give and take" with their loans. In other words, if a borrower comes to you and tries to work out a solution-- and is earnest-- the lenders need to work w/their borrowers. Instead of treating them like mushrooms.
-Russ H.
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Right on !!! The banks not only need
to be made to work with these borrowers, but they are totally incompetent in working out the details!
Quote:
Originally Posted by toneloco2881@gm
Now, I'm not one to be cold and I also don't know the details concerning the gentleman's medical condition, but it is hard for me to see what the bank could have done that was so reprehensible as to garner this type of reaction from the judge. The man involved even said himself that it seemed more of a personal vendetta. I can understand empathy, but this seems almost a near reckless decision by the judge involved.
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See above !!