BofA Judge Balks at Ripping Up Scathing Foreclosure Ruling

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BofA Judge Balks at Ripping Up Scathing Foreclosure Ruling

BofA Judge Balks at Ripping Up Scathing Foreclosure Ruling

Bloomberg-

A bankruptcy judge who spent 107 pages excoriating Bank of America Corp. over its “heartless” foreclosure on a California couple is not happy that the homeowners want him to erase his words.

The couple reached a private settlement with the bank that calls for rescinding both the $45 million penalty the judge imposed on the lender and the scathing ruling he issued in March — for which Money magazine called him a “Hero Judge.”

“So you want me to take the injunction and tear it up and throw it out,” U.S. Bankruptcy Judge Christopher Klein asked during a hearing Wednesday in Sacramento. He then explained that if the opinion is vacated, it will be expunged from the annals of law and can’t be cited as a precedent in other foreclosure abuse cases.

[BLOOMBERG]

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