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fdic loss share agreement: OneWest Short Sale Dept Gets Caught In A Lie-In Writing - 09/21/10 06:35 PM
OneWest Short Sale Dept Gets Caught In A Lie-In Writing
Today, we once again caught OneWest in a lie, but this time they screwed up and put it in an email to us. Let me explain what happened.
We turned in a short sale package on August 16, 2010.  First, they told us that they couldn't accept the complete Arizona pre foreclosure package because we had the wrong property address.  Come to find out, THEY recorded the original deed incorrectly when my client closed on the property in 2004.  So, two weeks later, and several futile escalation attempts, they fixed the … (1 comments)

fdic loss share agreement: OneWest Loss Share Agreement With FDIC And Loan Modifications- ABC15 Investigates - 02/27/10 08:46 AM

OneWest Loss Share Agreement With FDIC And Loan Modifications- ABC15 Investigates I received a phone call the other day from the local ABC affiliate in Phoenix, ABC 15.  They did an "investigative report" on the effects of the FDIC loss share agreements that are currently in place with not only OneWest, but 95 other lenders as well (at last count).   They interviewed both me and the homeowner (my client).  I think my client's frustration shown in the interview is an example of how many homeowners feel today.  To watch the story, click here. The basis of the story was … (6 comments)

fdic loss share agreement: Sac Bee Article: OneWest Bank Accused Of Pushing Home Loan Borrowers Into Foreclosure - 02/21/10 10:20 AM
Sac Bee Article: OneWest Bank Accused Of Pushing Home Loan Borrowers Into Foreclosure
In an effort to keep everyone that has been following this FDIC IndyMac OneWest story apprised of new developments, I wanted to post the article that just came out in the Sacramento Bee today.  It looks like homeowners are fighting back and filing lawsuits.  To view the article, click here.
Never mind that fact that loss-share agreements are expected to cost the American Taxpayer in excess of $122 Billion.  Attorneys are now saying that this practice is unfair to borrowers trying to work with their lenders, as they provide an … (1 comments)

 
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Bob Hertzog Phoenix Short Sale Agent, Designated Broker

Phoenix, AZ

More about me…

Summit Home Consultants

Address: 7702 E Doubletree Ranch Rd., Suite 300, Scottsdale, AZ, 85258

Office Phone: (602) 957-1583

Cell Phone: (602) 909-5994

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