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Real Estate & Property Law

: The Home Equity Theft Reporter

OneWest Bank "Shared Loss" Agreement With Feds Leads To Screwing Over Borrowers Seeking Loan Modifications, Says Attorney For Couple Facing F'closure

By r morris

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In Elk Grove, California, News10.net reports:A couple facing foreclosure from OneWest Bank has joined the growing number of homeowners, attorneys and real estate professionals who believe the bank would rather foreclose than modify a loan. [...] The Cravalhos said their original lender, IndyMac Bank, agreed to a loan modification in the summer of 2008 that would have offered them a 3 percent

Full post as published by The Home Equity Theft Reporter on March 11, 2010 (boomark / email).

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