NYLJ: HSBC Bank USA v. Taher, 9320/09

Supreme Court, Kings County

Creditors and Debtors Rights
HSBC Executive Ordered to Attend Sanction Hearing in Foreclosure Case…decision details continued robo-signing abuses, post -OCA affirmation requirement (Administrative Order 548/10 of October 20, 2010).

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3 thoughts on “NYLJ: HSBC Bank USA v. Taher, 9320/09

    1. From the Buffalo News:

      Dorner did not appear at the hearing, but the bank and law firm were each represented by attorneys. Schack has not issued a ruling on any sanctions, but said he hopes to do so by Labor Day.

      “HSBC was represented appropriately, and we would say that Irene was not required to attend,” said spokesman Neil Brazil. “We do not believe the law authorizes sanctions on nonparties such as HSBC senior management.”

      Brazil noted that HSBC is neither the lender nor the loan servicer in this case, but is the trustee for a large package of unrelated loans in a mortgage-backed security investment. Its name is on the court docket for the case because of that administrative role, but Atlanta-based Ocwen Financial Corp. is the servicer on the loan that made the decision to foreclose, controlled the process and drafted the paperwork, he said.

      “This is all around HSBC’s role as a trustee in foreclosure cases,” Brazil said. “A trustee in these cases plays a very limited role.”

  1. I am like Judge Schack “It is their opinion that the Bank was represented ”
    To Quote Judge Schack ” That is not His Opinion and he should know since he is the one that issued the Order”

    Buddy if you or me or an average Joe did this we would have a Bench Warrant issued and the Jail time would be starting . No one is above the law and to ignore the Judges order is no excuse. Try this quote for your News paper and other lawyers ” Ignorance or the Law is no excuse”

    The Order said for her to be there and she just didn’t obey it period . “That is Contempt of Court ” we will see if she is indeed above the law or sanctions are issued and fines and the Lady Serves time for Contempt of Court > It will be a very good example She is the Captian of the Ship called HSBC and this is not here first rodeo , Good Bad and the responsibility to follow the law and court orders as well. Print that if you and your staff have the B’s

    jerry

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