December 2009
Boy, there is nothing more refreshing than to wake up in the morning to find that you are now mortgage free and own your home outright just after a nasty foreclosure battle with one of the dirtiest lenders in the business, Indymac.
That's right, just ask Greg Horoski and his wife, Diane Yano-Horoski of Long Island who successfully sued Indymac Bank (now known as One West Bank) and won.
Judge Jeffrey Spinner wiped away over $525,000 in mortgage payments (a loan that carried an initial adjustable interest rate of 10.375 percent, which soared to 12.375 percent), blasting Indymac and its "harsh, repugnant, shocking and repulsive acts."
Boy, there is nothing more refreshing than to wake up in the morning to find that you are now mortgage free and own your home outright just after a nasty foreclosure battle with one of the dirtiest lenders in the business, Indymac.
That's right, just ask Greg Horoski and his wife, Diane Yano-Horoski of Long Island who successfully sued Indymac Bank (now known as One West Bank) and won.
Judge Jeffrey Spinner wiped away over $525,000 in mortgage payments (a loan that carried an initial adjustable interest rate of 10.375 percent, which soared to 12.375 percent), blasting Indymac and its "harsh, repugnant, shocking and repulsive acts."
Judge Spinner's direct kick in the nuts to IndyMac left the Horoski family owing absolutely no money on their ranch house in East Patchogue. Judge Spinner pulled no punches as he leveled the truth directly at the bankers of Indymac / OneWest -- the bank that took an $814.2 million federal bailout but have a record of cold-bloodedly foreclosing on any homeowner that owes them a nickel in backed payments. He canceled the debt because the bank "must be appropriately sanctioned so as to deter it from imposing further mortifying abuse against the couple."
Horoski, who had begged the bankers to let him restructure the loan said, "I think the judge felt it was almost a personal vendetta." Dealing with the bank was "like dealing with organized crime."
The good news for Indymac was apparently Judge Spinner was in a good mood that day and decided to take it easy on the preying group of vultures. His honor humbly stated that One West's conduct was "inequitable, unconscionable, vexatious and opprobrious" and that's putting it lightly.
Oh, the quality staff, employees, and personnel that Indymac has to offer. What more can anyone in this nation expect from a certified group of liars that single handedly bankrupt a major bank in a matter of a few years?
A Special Note to All Business Owners and Employers: If you are in need to ruin or demolish your company, offer the worst customer service known to mankind, and feel the need to extinguish any and all remaining business you have left, hire a member of the Indymac staff. Their stellar record and performance speaks for itself. There is no better choice of dirt left on this earth.
