Week 4, November 2009
In the article below is an interesting court case judgment in Suffolk County New York’s Supreme Court where a judge evidently decided that the credibility of a bank was so egregiously eroded by its actions (and non-actions) in resolving a homeowner’s attempts to save ownership of her home through various good faith means (including modification, short sale, adding additional borrowers, etc.) that the judge in the end awarded 100% equity ownership of the home to the homeowner. While it perhaps sounds on its face like an activist judge took a bank to task for poorly responding to a homeowner’s earnest attempts to save her home, in reading into it, the offenses evidently admitted by the bank include inflating the amount owed to the bank by over 60% and also declaring the borrower defaulted on a forbearance agreement that “had not been sent to Defendant until after its stated first payment due date and hence, Defendant could not have consummated it under any circumstances…” I will not begin to suggest that I have enough knowledge to offer any comments on this case. I only wish to point it out to you readers so that you might further investigate for yourselves if you are interested. All I can say is that these battles include significant stakes where a broad consideration of the facts is surely necessary. And in this case, a harsh judgment was rendered for what was deemed a harsh offense by this bank.
See here for more about the Suffolk County case.
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Weekend Wanderer’s Events
…finding the treasures in your town and beyond.
Two for This Weekend:
Lawrence Ferlinghetti: Evolution of a Painter in San Francisco: Exhibition of 60 years worth of paintings by San Francisco’s poet laureate. “Lawrence Ferlinghetti is not only a master of words and metaphors, but also a master of color and visual symbolism. He has been painting and drawing for as long as he has been writing. This solo exhibition is the first to take a retrospective view, giving insight into Ferlinghetti’s development as a visual artist over six decades.”
Kolo Festival in San Francisco: ”For an exciting weekend of Balkan and Greek dance, music, culture and food, come to the 58th annual Kolo Festival, Nov. 27 & 28. There will be dance and music classes, review sessions, live music, culture corners, and specialty food.” Come see another one of the many cultures that makes up the brilliant fabric of our community as they share their heritage in good food, music and dance.
Help Your Fellow Living Beings:
Project Homeless Connect: ”An estimated 6,000-12,000 people are homeless on any given night in San Francisco. Twenty-percent are chronically homeless. Widespread foreclosures, the demands of returning veterans, and the reduction of federal funding for affordable housing create constant challenges in a declining economy. Dealing with the vexing problem requires intervention not only by government but also the community at large.” Moving people from homelessness towards a restoration of home is what this is all about.
Two Weekends from Now:
Todd Rundgren: A Wizard, A True Star at The Palace of Fine Arts Theatre: In response to audience demand, the great musician Todd Rundgren will perform his entire 1972 album A Wizard, A True Star live in the Palace of Fine Arts Theatre in San Francisco. Hear some of the background to the production idea here in a radio interview from Detroit prior to the Akron, Ohio show. If you know Todd Rundgren you’ll want to check this out; and if you don’t know him, you might want to take a moment to check him out!
Pic of the Week… from my phone camera:
Right out front, just the other day…