IndyMac-OneWest Harming Homeowners
According to this PissedConsumer review of IndyMac Bank (now OneWest), the FDIC's generous shared-loss deal with OneWest (the bank/investor that purchased the defunct IndyMac) is causing serious problems for financially distressed homeowners who are former IndyMac mortgage, equity loan and equity line borrowers. In my blog posts FDIC Hurting Distressed Homeowners and FDIC Hurting Homeowners: Case 1 I cover the causes of the problems. I recommend that you check out the links and see exactly what the FDIC's actions (paid for with taxpayer money) are allowing IndyMac/OneWest to do to people. It is truly infuriating and deeply disturbing. The result will be more foreclosed homes and homeowners.
If you are a Middle TN homeowner, property owner, condo owner, real estate investor, home builder or real estate developer who cannot pay your mortgage payments (due to losing your job, having your income reduced, illness, health problems, adverse business conditions, slow sales, loss of investment property tenants, vacancy issues, lack of funds to complete the project, feuding business partners, etc.), know that you will not be able to pay your mortgage, have defaulted on your mortgage, are already in foreclosure, or owe more than your home is worth, please contact me to discuss your options including a loan modification and a short sale (a real estate short sale occurs when the sale proceeds are not sufficient to pay off all the mortgages and liens on the property/home). I am a Middle Tennessee distressed real estate, short sale, pre-foreclosure (preforeclosure) and foreclosure REALTOR and Expert. I primarily help sellers (homeowners, property owners, condo owners, owners of high end homes and properties (estate homes, luxury homes and executive homes), real estate investors, home builders and real estate developers) of distressed real estate, short sales, pre-foreclosures, foreclosures, investment properties, failed new construction projects and struggling commercial real estate developments located in Middle Tennessee (Rutherford County TN, Williamson County TN, Davidson County TN, Robertson County TN, Maury County TN, Murfreesboro TN, Smyrna TN, La Vergne TN, Eagleville TN, Lascassas TN, Rockvale TN, Christiana TN, Brentwood TN, Franklin TN, Nashville TN, Belle Meade TN, Nolensville TN, Spring Hill TN, Gallatin TN, Springfield TN and Mt. Juliet TN). If you do need to short sell your home or property, or you need a quick sale due to being in foreclosure, you can request short sale and foreclosure help and assistance on my website at Get Short Sale and Foreclosure Help and Assistance from a Middle Tennessee Short Sale and Foreclosure REALTOR and Real Estate Expert.
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Thursday, December 3, 2009
IndyMac-OneWest Harming Homeowners
Posted by Halting Foreclosures
Labels: borrowers, FDIC, foreclosures, harming, homeowners, IndyMac, loan modifications, OneWest, Shared-Loss Agreement, short sales
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