July 15, 2008

IndyMac Halts Foreclosures on Its Loans

Some Relief

In a bold and very well deserved move, IndyMac Bank under FDIC control, today announced they are halting the foreclosure process on their loans. Sheila Bair, Chairman of Federal Deposit Insurance Corp (FDIC), was a major influence in this decision. Sheila Bair has been very outspoken on helping struggling homeowners find relief.

Homeowners may be able to benefit from this by having the lender consider other options than continuing the foreclosure process risking loss of the home. IndyMac Bank owns $15B of their own loans and services $185B of loans.

RepoHomeTourChicago promotes responsible home ownership at a high level. This includes helping families remain in their home.

See the link below to view the complete story.

"Great Homes @ Great Prices with Expert Guidance Along the Way" TM

Don't Miss the Bus! TM

Trademark & Patent Pending


	IndyMac Reopens, Halts Foreclosures on Its Loans
	FDIC Decision
	http://online.wsj.com/article/SB121607890530252639.html?mod=CommercialRealEstateMain_1

Topic Tags: end foreclosure, fdic, federal deposit insurance corp, indymac, indymac bank, mortgage workout, sheila bair, stop foreclosure

by Administrator

↑top

link to this

Post a Comment

Title:

Summary:

Comment:

Links:

Your info:

Name:		Required; will be displayed with comment.
E-mail:		Required (in case we need to contact you); will NOT be displayed with comment.
Web:		Optional; will use to hyperlink your name in the comment.
Twitter:		Optional; allows visitors to follow you on Twitter.
Save this in my browser

Verification:

Type the characters you see in the picture above.

Letters are case sensitive.

Notice: Your thoughtful opinions are valued and encouraged, but all comments are moderated so there will be a delay between the time you post your comment and when it appears in this site. Please don't be offended if your comment is edited for clarity or to avoid questionable matters. Offensive or off-topic comments will be deleted.