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We strive to provide our clients with ethical, quality, personal, and affordable legal services.
Every individual’s situation is different. We can help you understand your available legal options in order to make a well informed decision about your financial future. If you are considering filing bankruptcy, in foreclosure, are being evicted, or are anywhere in-between then call us to schedule your free initial consultation (619) 794 0460. Read more...
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INDYMAC ONE WEST BANK MAKES MONEY ON FORECLOSURES AFTER STRIKING SWEETHEART DEAL WITH FDIC
INDYMAC ONE WEST has a reputation as being one of the more aggressive and unreasonable banks with regards to foreclosures. We have litigated against them in multiple forums, have witnessed their conduct first-hand, and have further counseled dozens of distressed home owners with INDYMAC loans that were in default. We've seen them unlawfully lock home owners out pre-foreclosure, ignore HAMP and reasonable loan modification requests from qualified applicants, violate California and Federal foreclosure laws by rushing to foreclose & evict people, and turn down very reasonable cash offers on distressed properties that continue to sit vacant. How can they can afford to do this while other banks that received bailouts cannot? The foregoing is a very interesting article describing how the loss-share agreements INDYMAC ONE WEST entered into with the FDIC make them more money in hand on a foreclosure today than on (1) accepting regular loan payments, (2) remods, and/or (3) very reasonable cash offers. In brief, INDYMAC ONE WEST came out of receivership with an ever better deal than a straight forward bailout.
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