I have seen much greater equity taken out. This was pocket change. But apparently the judge is making an example here. The bank had $814.2 million federal bailout and is involved in a similar case in California, where it’s trying to foreclose on an 89-year-old woman, despite two court orders telling it to stop. Pretty ruthless. Yet at the same time, banks here are letting people live up to a year and not even file a NOD. Go figure.
