Archive for January, 2010

NY Court Cancels Indy Mac Loan Due to Misconduct

January 17, 2010

ABC video  newsclip.

Long Island Attorney Craig D. Robins knows the inside story and has an excellent blog feature describing what happened [see the Long Island Bankruptcy Blog]

Full Text of Judge Spinner’s opinion appears on Living Lies – Garfield Continuum.

Another Long Island native, John Myers, has written an article appearing on the Associated Content web page giving highlights of the trial and explaining why the Judge found Indy Mac to be “…repugnant, shocking and repulsive”.  [“Score One for the Consumer:  Judge Void’s Long Island Couple’s Mortgage!”]

CAVEAT:  New York is a step ahead of California.  They have a procedure that requires lenders to mediate directly with borrowers before completing a foreclosure.  See my California Legislative Update.

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