The New York Law Journal;Free With Registration: Judge Blasts Bank’s Foreclosure Conduct and Cancels Mortgage
By Vesselin Mitev
November 23, 2009
A lender’s “unconscionable, vexatious and opprobrious” conduct in attempting to foreclose on a Long Island home has prompted a state judge to cancel the mortgage on the property.
IndyMac Bank v. Yano-Horoski, 2005-17926, came before Suffolk County Supreme Court Justice Jeffrey A. Spinner (See Profile)as the result of a state law mandating pre-foreclosure settlement conferences between lenders and borrowers of subprime, or high-cost, home loans (NYLJ, Nov. 18).