NY Judge SPINS US BANK for BAD FAITH MISUSE of “TRIAL PAYMENTS”

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

ANOTHER “BANK” MODIFICATION SCAM ON HOMEOWNERS

EDITOR’S NOTE: Here is standard operating procedure throughout the industry. Once again, it is fraudulent. This example, the homeowners made $22,000 in payments (to a non-creditor) believing they were headed for a negotiated settlement based upon assurances from the pretender lender while the whole time they never had any intention of settling, modifying or anything else (no doubt because they were fraudulently representing themselves to be the creditor and couldn’t negotiate or modify anything at all).

Judge Spinner pierced right through all the foggy bottom arguments and paperwork and saw the behavior of US Bank for what it was — BAD FAITH. The result? The “plaintiff” got nothing. I would argue they should have received much more than that in the form of sanctions for contempt of court and attempted use of the court as vehicle for fraud, and the court is holding a hearing on that very issue. We’ll see what happens.

Judge SPINNER: “…while Defendants were assiduously attempting to re-negotiate a modification, plaintiff was instructing its counsel to continue prosecution of the foreclosure action. It is painfully obvious to this Court that Defendant relied upon representations made by Plaintiff and acted affirmatively based upon those representations, all to their serious detriment. ….’A Party having a legal right shall not be permitted to avail himself of it for the purposes of injustice or oppression…’ 124 NY at 179”

12.01.2010 NY JUDGE SPINNER-U-S-Bank-Natl-Assn-v-Mathon

FORECLOSURE FRAUD | by DinSFLA

http://stopforeclosurefraud.com

[NYSC] JUDGE SPINNER LETS U.S. BANK HAVE IT “HAMP FAIL” U.S. Bank Natl. Assn. v Mathon – 2010-12-03 20:01:34-05
Question where exactly these “trial payments” went U.S. Bank Natl. Assn. v. Mathon 2010 NY Slip Op 52082(U) Decided on December 1, 2010 Supreme Court, Suffolk County Spinner, J. The issue of the claim of the forbearance/modification agreement, however, is an entirely different situation, one that is considerably troubling to this Court. Defendants assert (and Plaintiff does not in […]

Jury Demand: Should You or Shouldn’t You

Since this question keeps popping up I figured I would take a shot at it.

The theory is that by asking for a jury verdict you are taking the matter out of the hands of a politicized judge and putting it in the hands of what is likely to be a very angry jury pool itching to whack the Wall Street players. I think that’s right, theoretically.

My problem with the theory is that in practice I don’t see much mileage in it. These cases don’t seem to EVER get to trial which is the only place a jury will hear anything. In the meantime you still have the the same politicized judge making all the preliminary rulings about whether your case will survive, much less get to trial.

The other problem I have with the Jury Demand is that you only have a right to trial by jury on money damages, not equitable relief, like an injunction or some mandate against the players. So the jury demand won’t have much effect on the main issue: whether the foreclosure is right or wrong and whether the money is owed and if so to whom, and whether the party seeking to foreclose has any right to do so.

And the last problem I have with it is the issue of bifurcation. If you ask for a jury trial the Judge might split the case into two cases — first the case involving the legality of the foreclosure and second, the damage case that will go to the jury. This creates the appearance that the Judge is “protecting” your right to be heard on your claims while “protecting” a secured creditor (who is neither a creditor nor secured) from further losses on a “legitimate” obligation.

So obviously I think that a jury demand takes the focus off whether the party you are fighting is a creditor, has standing or is just trying to steal the property. But I could be wrong. This isn’t a legal opinion, it is just a knee-jerk reaction.

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