Onewest Bank and Indymac. The fraud perpetrated upon the American people by the shut down and sale of Indymac to Onewest Bank needs a class action lawsuit filed against the perpetrators.....Did you know that when Onewest forecloses on your Indymac loan( and they would rather do that than negotiate) they get the foreclosure sale price minus Original Loan amount reimbursed to them in Stimulus $$? This is causing the entire house value system to suffer, because these lenders don't care what they sell your house for at foreclosure sale. Watch this video http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1014789 It will explain how foreclosure is very profitable for Onewest bank and Bank of America acquiring all the Countrywide loans.
These lenders don't care that they could sell the house for more $$. I've seen them ignore realtor offers and sell at foreclosure for $100,000 less that the realtor offer.
Stimulus money is being paid to the acquiring lenders. Onewest Bank (who is partially owned by Mike Dell, Dell computers) and Bank of America.
We need a class action suit against these folks. Know of any attorneys intersted in the fight?
Come on people, don't be fish in warm water--they keep gradually turning up the heat and we are all going to die.
Product or Service Mentioned: Bank Of America Mortgage.
Monetary Loss: $450.