You want a peek inside a courtroom to hear a line of questioning from a judge in a foreclosure case. Read this excerpt then read the whole transcript. Now keep in mind that on the same day this judge is firing these questions at this borrower, the New York Times, Washington Post and virtually all the national press are reporting on the real stories of fraud and abuse in the foreclosure courts….read on…..
THE COURT: Let me ask you a logical question, ma’am. How long have you been living in your house without making a mortgage payment?
MS. PARADA: October of ’08.
THE COURT: Pretty nice, isn’t it? Be rent-free for two years?
THE WITNESS: I don’t think that’s the point.
THE COURT: Oh, it’s not?
MS. PARADA: No, sir.
THE COURT: Okay. I’m missing something here?
MS. PARADA: Well, I’ve been studying the securitization of what the banks are doing.
THE COURT: Ma’am, you may find some loopholes, but the fact of the matter is you took out a mortgage and a note and you agreed to pay money and you didn’t do it. Now you’re trying to say, well, this note is this and this note is that so, I mean, come on. You can put as much Chanel No. 5 on this as you want but the fact of the matter is that you’ve been living rent-free for two years.
The Full Transcript Appears Below:
