Judge voids mortgage due to bank’s bad faith

Now, this is a completely fascinating development:

[The adjustable rate bank note issued Aug. 4, 2004] is hereby canceled, voided, nullified, set aside and is of no further force and effect . . . the lender and its successors are barred, prohibited and foreclosed from attempting, in any manner, directly or indirectly, to enforce any provision of the mortgage loan.

— Suffolk County Supreme Court Justice Jeffrey A. Spinner

We never asked for this. I was shocked, honestly. It’s not like we said, ‘Judge, please throw the loan away.’ We just wanted them [the bank] to be reasonable.

— Greg Horoski, East Patchogue Home owner.

From NewsDay, via Barry Ritholtz.

Leave a Comment

The images that show near comments are Gravatars.

Support requests should be supported through the Support Page. Thank you.

Fields marked by an asterisk (*) are required.