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View Diary: 60 Minutes Gets It (212 comments)

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  •  15 seconds in front of a judge. (1+ / 0-)
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    Literally 15-30 seconds. You can't even say "hello, Your Honor; my name is JMKnapp" in 15 seconds, much less prove anything.

    The system is rigged. You can't win in Foreclosure Court. It's unconscionable.  Sheesh, even Vegas casinos give you better odds than that.

    It was the best of times, it was the worst of times... - C Dickens.

    by grover on Mon Apr 04, 2011 at 01:29:21 AM PDT

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    •  Here's one judge's comment (0+ / 0-)
      "A guy hasn't paid his mortgage in over a year,'' says Judge Cary. "What's there to talk about?"

      I agree. Sell the house and rent. It's not like the worst thing to happen to anybody in the history of the United States.

      Note that the article said that most of the cases are flippers/speculators. Add to that the people who got no-doc ARMs who have zero and negative equity. Is that imaginary toehold in the home ownership class to be protected as a basic right?

      •  "What's there to talk about?" (2+ / 0-)
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        Linda Wood, BYw

        A judge said this and that doesn't concern you? It's called due process. I noted above, but in this article GMAC notes that it "might have ' to correct' some of its foreclosures."

        What the heck? They're pushing people out of homes then LATER saying "oops, we goofed!" ???

        The news has been full of stories where homeowners were paying their loans. The mortgage got sold, so they paid the new mortgage-holder, then the bank got sold or taken over (especially after the bubble burst) and the new owner of the bank foreclosed on the house.

        In one case the NYT wrote up (but I can't find the link right now), the homeowner had proof their loan was current. But They never got to tell the court. The NYT reporter called Fannie Mae, confirmed the loan was current and only then did the bank stop the foreclosure.

        Really? Do we all need to have reporters to get justice? That USED to be what courts were for. I don't care how many flippers' cases are in those courts. One family with a real home that is paying or trying to pay their loan all we need to convince us that rushing cases through courts is a bad  idea.

        And finally, how the heck does that Judge Cary, a Jeb Bush appointee, know what's in the cases on his docket from day to day if he's top-sheeting case files and doesn't listen to the humans standing in front of him?  I'm not a big fan of cynicism, especially in judges.  I was trained that every case is unique (except, obviously, class actions). When they all start looking the same, and especially when you start treating them all the same,  it's probably time to hang up the robe.

        It was the best of times, it was the worst of times... - C Dickens.

        by grover on Mon Apr 04, 2011 at 11:40:38 AM PDT

        [ Parent ]

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