Judge Cancels Loan in Attempted Foreclosure

An excellent article at LoanWorkout.org shows a Judges anger, resulting in complete cancelation of both the Mortgage and Note debt, when the lender refused to negotiate in good faith to modify a sub-prime loan.

“This Court is of the opinion that cancellation of the indebtedness and discharge of the mortgage, when taken together, constitute the appropriate equitable disposition under the unique facts and circumstances presented herein.”