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NY Judge Gives Couple Thanksgiving Present , Wipes Out $525,000 Mortgage, Blasts Bank

Here's a feel-good story for your Thanksgiving day. Finally, a victory for the little guy: A Long Island couple is home free after an outraged judg

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Here's a feel-good story for your Thanksgiving day. Finally, a victory for the little guy:

A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present -- canceling their debt to ruthless bankers trying to toss them out on the street.

Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its "harsh, repugnant, shocking and repulsive" acts.

The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.

Spinner pulled no punches as he smacked down the bankers at OneWest -- who took an $814.2 million federal bailout but have a record of coldbloodedly foreclosing on any homeowner owing money.

The Horoski's probably would have been able to make their mortgage payments, had it not been for our current health care system:

Yano-Horoski, a college professor of English and cognitive reason, and Horoski, who sells collectible dolls online, bought their 3,400-square-foot, one-level house 15 years ago for less than $200,000.

It eventually ended up being either owned or serviced by IndyMac, and the bank sued the couple in July 2005 when they began having trouble making payments because of Horoski's health problems. Read on...

This story really encapsulates the sad state of affairs in America and sets an interesting precedent. Of course, OneWest will appeal the decision, but don't be surprised to see lawyers across the country cite this case. It's about time someone spoke loudly and clearly on behalf of the people!

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