Ar_home_b_search
 



onewest 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)

onewest 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)

onewest loss share agreement: OneWest Bank Releases Their First Year Profit Statement $1.6 Billion- You Won't Believe This One! - 02/19/10 09:27 PM
OneWest Bank Releases Their First Year Profit Statement $1.6 Billion- You Won't Believe This One!
Kudos to Scott Reckard with the LA Times.  He wrote an article today that is sure to open some eyes.  The article, titled "OneWest Bank Profit: $1.6 Billion" does an excellent job of pointing out some very interesting observations.
According to the article, OneWest paid the FDIC $1.55 Billion for the failed IndyMac Bank, and turned a profit of $1.57 Billion in it's first year.  The article specifically addresses the shared-loss agreement that was also put in place by the FDIC, which is expected to cost … (111 comments)

onewest loss share agreement: Having Trouble Getting A Loan Modification Or Short Sale Approved? You May Want To Check This Out - 02/18/10 12:04 PM
Having Trouble Getting A Loan Modification Or Short Sale Approved? You May Want To Check This Out
My blog titled "Is FDIC Killing OneWest IndyMac Short Sales?" detailed a "short sale from hell" experience that I had with OneWest Bank in September/2009.  It was recently brought back to life, so to speak.  The blog discussed the shared loss agreement that is currently in place with the FDIC and OneWest Bank, and how I felt the agreement puts sellers at a distinct disadvantage when negotiating with lenders that have these agreements in place.  Feel free to read my FDIC Onewest IndyMac blog. … (20 comments)

 
Bob%20hertzog%20photo Rainmaker_large

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

Email Me

Testimonials
163728
' Bob Hertzog was most DEFINITELY the right choice to work with on the Short Sale of our home. Bob is very professional, knowledgeable and capable; ... more '
5.0/5.0
by user802354
136489
' Bob is straight forward and looks out for his clients' best interest. He is very aware of market trends and property availability in Paradise Valley, ... more '
5.0/5.0
by Sarah_S_Scott
135302
' Bob was "with us" the whole way. From the beginning, when describing the process, to the end, when countering the bank's ridiculous offer, I felt ... more '
5.0/5.0
by miciahdodge


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Phoenix real estate on ActiveRain.