Comments on: Hero of the day: Jeffrey Spinner http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traducator romana daneza http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-2/#comment-53702 Mon, 29 Sep 2014 14:04:03 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-53702 Pugh didn’t find your first four quests yr after since coping with offseason neck expensive costly technique, Also he was quoted saying he will be at 100 p. C truth he to be able to work on becoming much better to meet how much national football league level of contest. Pugh little arm holes(Even if really by about a millimeter, Reese announced) Are in addition, flagged, However, Reese wanted to say that the individual searched pictures and can even not realise that is issues..

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By: bill-s http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-2/#comment-16933 Wed, 21 Jul 2010 14:26:56 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-16933 I am at a loss trying to understand the willful ignorance of those who support the bank in this lawsuit. The operative issue here is that the Plaintiff could not adequately prove that they owned the underlying debt!!! Do any of you think that it is fair or right for someone- be they bank or borrower to march into court and try to collect a debt that is not owed them???

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By: torrie http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-11221 Sun, 17 Jan 2010 17:26:11 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-11221 For those of you who have not had the “pleasure” of dealing with IndyMac/OneWest bank, please keep your comments to yourselves. IndyMac/OneWest are crooks, plain and simple. We made our payments on our construction loan every month and on time. Our payment doubled at one point, which no one can explain why. When we finished construction on our home IndyMac never converted our loan from construction phase to a mortgage loan. WE signed for a 1 time signing and interest rate of 4.75%. WE never heard from IndyMac. We sent letters, we sent certified letters, we called. Nothing has happened and now they say we have defaulted on our loan for the “Vacant Property”. WE have been living in our home for 2 years. Everytime we call, we get the runaround from someone who has no clue about our loan. WE are told someone will call us back, we never hear from a soul.
IndyMac/OneWest bank should be sued and sued big time. OneWest back “purchased” the assest of IndyMac for pennies on the dollar. I should have the same consideration to purchase my loan from them for pennies on the dollar since OneWest bank did not “loan” us the money.

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By: FedUp http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-10017 Mon, 14 Dec 2009 02:30:29 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-10017 We have indymac/onewest as a mortgage company and they are very scary people. We have never been late on our mortgage for over 15 years. My husband and I were both laid off from our jobs and we made payments not more than a week late. Well, Hell Hath No Fury as a borrower paying the bank a few days late. We received upwards of ten phone calls from them in one day asking where the payment is and we could lose our home to foreclosure if we don’t pay up. My stomach really starts to hurt a lot lately. The circumstances are beyond our control but we manage to make our payments (I am no longer a supervisor, but work at Wendy’s and my husband pumps gas until we find better paying jobs). They try to use scare tactics on us which work really well. Our home is worth four times more than what we owe on our mortgage and it’s very scary that they could take it away in a heartbeat. We don’t sleep well, we don’t eat well, we’re starting to look like crap and we have two kids in college. They won’t do a loan modification we are not behind (although they treat us as if we are because of a payment being late a few days). I applaud Judge Spinner and hope to see more rulings like his. As for you people who think just because a person cannot make a payment on time they should be considered a deadbeat, I hope there comes a time when you cannot make a payment. Walk a mile in my shoes!

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By: Anonymous http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9662 Tue, 08 Dec 2009 01:11:39 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9662 Part of the Credit Cardholders’ Bill of Rights Act signed by president Obama attempts to limit risk for individuals under age 21. To protect lenders, people under that age must have a co-signer involved in the credit or loan process, or the total amount borrowed cant be more than 20% of the individuals income. The main issue with using credit cards is the amount of interest that can add up over time, more education for students about the credit card cycle is needed, so that no one falls into a situation that requires bankruptcy.

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By: Andy Dufresne http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9496 Wed, 02 Dec 2009 13:50:06 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9496 I personally find it very interesting that no one has brought up the fact that the Judge’s mortgage is serviced by Indymac/OneWest Bank. Can we say conflict of interest?

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By: jl http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9490 Wed, 02 Dec 2009 09:55:15 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9490 The judge misidentified plaintiff/defendant exactly twice, in the same paragraph, referring to plaintiff’s daughter/husband. The rest of the opinion was fundamentally sound.The amount owed was nowhere near 525,000 (except, of course, in the flat out lies of the bank in question – read the opinion, at most it was 440k including penalties and interest, and there’s some question about that).Fundamentally, the court did the right thing – there is an obligation in equity cases to refuse to grant a judgment in favor of someone coming before the court who has engaged in their own unclean behavior (like, for example, lying to the court or attempting to use the legal system for unethical or illegal purposes – for example, to enforce a default against someone without any chance on their part to make good, or LYING TO THE COURT). As such, under no circumstances was a foreclosure going to be the result. Voiding the debt was an unusual response, but not outside the scope of the court’s abilities in equity; if you look at the opinion, the rationale behind the choice of that sanction against the unclean plaintiff is fairly simple. Dismissal wouldn’t prevent another attempt to enforce their unfair prosecution, and monetary sanctions provide an inadequate penalty. Equity is best defined as the judgment that is “in the best interests of justice”, and here the interests of justice were best served by dismissal of a debt whose debtholder used unfair, unethical, and illegal tactics.

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By: Betty http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9486 Wed, 02 Dec 2009 07:21:48 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9486 The amount owed by the Horoskis was over $525,000Foreclosure started in 2005 with the borrowers only make 6-9 payments, that is with the $100,000 cash out.TAXES ARE OVER $1,000 a monthSo Yes, so approximately 52 months of back payments at an average of 10.50, plus $1000 real estate taxes,homewoners insurance, penalties and fees plus the original $295,000 that was interest only–that is $525,000.So basiclly they used the $100,000 CASH OUT to make the few mortage payments they did.PLEASE GO TO ZILLOW–They post the values from the accessors office. HOUSE is worth OVER $500,000Taxes are over $12,000 a Year.3400 square ft house –50 minutes from ManhattanBought 15 years ago for $200,000The Judge believed it was now worth $250,000-according to what I have read.That is what the daughter deemed as fair market value.Market did not crash that much that in one of the most desirable real estate locations, values are back to 1994.No way, by her job and age she could afford on her own to buy a house over half a million.Of course, IndyMac would reject her offer to buy for half-price.Posters favoring IndyMac–let me know when your home is being listed for half price–NEVER!!!!Plus why should a house be sold back HALF PRICE TO the family that defaulted.If Banks are going to be FORCED TO SELL at HALF THE MARKET VALUE, the 1.3 Million Men and Women that serve our country with young chidren should be first in line to benefitBut daughter plans on going to medical school in two years, according to her web posts. Would have been hard for her to support a half million dollar house while attending medical school, so that is possily why her offer was so low.Showed good faith to a Judge that was so Pro-Defendent, and let her not be tied to a mortgage when attending medical school.THOSE THAT FEEL INDY WAS NOT RESPONSIBLE:1) Borrowers had been in house–rent free–it appears since 2005.2) 25% offer of their income (INCOME) is not known.But if it was $5,000 monthly, 25% would be $1,250–that would leave $50 to go towards Principle and Interest of Debt of $525,000.Other 1,200 would need to go to Real Estate Taxes and Hazard Insurance.Would you take back seller financing on Half a Million dollars for approximately $50.00I will admit the $5,000 is a guestimate–used salary.comEven if their income was double that–so $2500 would go towards 525,000 debt. Again taxes and Insurance would be $1200.$1300 is not enough to pay back $525,000.Plus if the Family Income was $10,000 a month–why was not even the real estate taxes paid.Life is choices and consequences.Judge Spinner should have his staff at the hospital, because it appears that even if you STOP MAKING MORTGAGE PAYMENTS 1 Year before your heart attack, you can still use medical issues as your excuse.What is fair, do all mortgage holders with medical issues that feel their mortgage payment does not fit into their budget, does the Court it??Sorry but back in 2005 when REAL ESTATE MARKET IS FLYING,after misisng 2 payments, the responsible action would be to sell the house and downsize. Living in a 3400 square foot house is not a guaranteed right.If I had $300,000 out of my house–$100,000 PLUS$200,000 (back real estate taxes and interest from 2005)along with more than 4 years living RENT FREE–I wouldnot be stating that dealing with Indy was like dealing with organized crime.To make that analogy Mr. Horoski must have experience dealin with organized crime. Also what is up with an English Professor acussuing the Bank loss mitagation repof “smoking crack.”The words crack and organized crime are not even used by me in conversation.Their neighborhood looks nice on the web, but their statments of CRACK AND ORGANIZED CRIME–are very, veryinteresting.”MAE CULPA,” is a phrase more Sub-Prime Borrowers need to embrace.

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By: Davein Philly http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9318 Mon, 30 Nov 2009 01:41:01 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9318 4christsake…that’s your problem, you read the article and didn’t read the ENTIRE court ruling itself. Do thorough due diligence next time, OK?The judge repeatedly misidentified the plaintiff and defendant in his written ruling. Something as simple as that, and not get it straight, is very revealing. I think we have reached the stage where the lower courts are to be easily dismissed due to judges legislating from the bench. The REAL court system seems to start at the appeals level.

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By: 4christsake http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/comment-page-1/#comment-9305 Sun, 29 Nov 2009 17:26:08 +0000 http://blogs.reuters.com/felix-salmon/2009/11/25/hero-of-the-day-jeffrey-spinner/#comment-9305 for people siding with the bank… did you actually read this article? Seems oblivious in several points who was taking advantage and who was being attempted to have advantage taken of them.

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