July 7, 2011

Judge Schack is a HERO! Orders HSBC CEO To Explain Brooklyn Foreclosure

Judge Schack is a HERO!

MortgageOrb: Content / Mortgage Servicing / Judge Orders HSBC CEO To Explain Brooklyn Foreclosure: "Supreme Court Justice Arthur Schack has ordered Irene Dorner (pictured here), the North American CEO of HSBC, to appear before his court and explain why the company should not be penalized for its handling of the foreclosure case against Ellen Tahrer, a homeowner in the Bedford-Stuyvesant section of Brooklyn. Schack dismissed the foreclosure as a 'frivolous motion' and a 'waste of judicial resources,' and noted that HSBC failed to prove that it owned the $475,000 mortgage on Tahrer's home."

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