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 incentive to disapprove loan modifications, and proceed to foreclosure.

Hopefully, IndyMac and the FDIC will finally get what is coming to them.

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Bob Hertzog

Summit Home Consultants

Copyright © By Bob Hertzog 2010 *Sac Bee Article:  OneWest Bank Accused Of Pushing Home Loan Borrowers Into Foreclosure*