Happy Thanksgiving

As God as my witness, I thought that turkeys could fly.

This entry was written by Gary, posted on November 26, 2009 at 8:55 am, filed under In The News, Personal, Random Stuff and tagged , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

4 Comments

  1. Anon E. Moose
    Posted November 27, 2009 at 1:46 pm | Permalink

    FREE HOUSES FOR EVERYONE!

    If I’d have known that I’d have gotten my mortgage forgiven because the bank loaning me money had the audacity to require repayment, I’d have bought Harriet’s house in 2005 at her “Make Me Move!” wishing price.

    Sample news story (for there are several):
    http://www.cnbc.com/id/34147646

    Opinion:
    http://livinglies.files.wordpress.com/2009/11/indymac-bank-fsb-v-yano-horosky.pdf

  2. Gary
    Posted November 27, 2009 at 2:03 pm | Permalink

    Here’s a link with a bit more information on that case.

    http://blogs.reuters.com/felix-salmon/2009/11/27/cracking-down-on-destructive-lenders/

  3. harriet
    Posted November 27, 2009 at 2:46 pm | Permalink

    The $698,000 ‘mistake’

    http://www.washingtonpost.com/wp-dyn/content/article/2009/11/26/AR2009112602511_pf.html

    We’re supposed to feel sorry for this stupid woman.

  4. Anon E. Moose
    Posted November 27, 2009 at 3:35 pm | Permalink

    From the article Gary cited:
    IndyMac rejected a bid at full market price from Yaho-Horoski’s daughter…

    The bid was from an interested party. How could they be confident it was “full market value”? If Mom and pop wanted to leave the house to their daughter, they’d have had to pay off the mortgage to do so. Its no coincidence that even the banks (having dinosaur-like collective intelect and similar slowness to act and/or learn) are wise to sweetheart short sales among family and friends.

    The lender can choose a settlement or workout arrangement IF THEY BELIEVE IT BENEFITS THEM — THEY HAVE NO OBLIGATION TO DO SO. The lender has a right to have the court enforce the obligations set forth in the contract – pay or foreclose. Anything other is a gift.

    The judge was clearly pissed about the bank officer skipping settlement hearings – so you fine the Plaintiff for contempt. To completely discharge the debt baing sued on? This judge will be getting slapped down hard by the Appellate Division or Appellate Term.