Via Clouded Titles –
It is with great sadness that I report to you that Kings County, New York Judge Arthur Schack has died at age 71. He was a champion of the truth and will be notably remembered for being reversed in the HSBC BANK USA NA v Taher case because the higher courts did not like his ruling (which I believe was for political reasons). You can read the latest article on Judge Schack here: Beloved Bay Ridge Justice Arthur Schack dies at 71 | Brooklyn Daily Eagle My condolences go out to his family.
This is not the news I was expecting in my inbox this morning, given the number of foreclosures that are now being filed in all of the New York boroughs right now. In fact, due to the downturn in certain areas of the economy (which Wall Street and its pundits claim is on the rebound), various sectors of wage-earning workers are finding themselves unemployed (e.g., Lorain County, Ohio) and when people are unemployed, mortgages don’t get paid and foreclosures start back up again.
When we lose a justice like Judge Arthur Schack, the economy suffers because the banks have one less “hurdle” to face in court, which gets them closer to a win, especially in light of the apparent and continued use of illicitly-manufactured documents, supervised by the foreclosure mill law firms and manufactured by the servicers bringing the foreclosure actions on behalf of REMICs that have been paid off multiple times over!