Judge Rules Against Bank’s “Repulsive” Behavior
In a very unusual legal decision, Judge Jeffrey Spinner ruled against a California bank that he said behaved in a “harsh, repugnant, shocking and repulsive” manner.
The ruling against OneWest and the IndyMac mortgage division has relieved the homeowners of their $291,000 original mortgage, as well as, $235,000 in interest.
The judge wrote that OneWest’s conduct was “inequitable, unconscionable, vexatious and opprobrious”, canceling the debt to prevent “imposing further mortifying abuse” against the couple.
The homeowner told the New York Post : “I think the judge felt it was almost a personal vendetta. It was like dealing with organised crime.”