Information Disclaimer: Not Your Loan Servicer (Read More)

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Onewest Bank Deed In Lieu Of Foreclosure

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Onewest Bank RMA Deed In Lieu of Foreclosure Package

Mortgage Assistance Form.

Deed In Lieu Decline

Onewest Bank Deed In Lieu Application Denied?

Onewest Bank Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Onewest Bank Deed In Lieu Negotiators. We're On Top.

 

Onewest Bank Deed In Lieu of Foreclosure Process

If your loan is serviced by Onewest Bank and you are thinkin of applying or a Deed In Lieu of Foreclosure on this loan then we at ACG will try to make sure that you go through a standard process as compared to other companies:

  1. To initiate the process a team member of our team of professionals will have to place a call to Onewest Bank to talk to your loan counselor and sometimes we have to follow up with an appointment but once we have spoken the process is initiated.
  2. You are required to submit a paperwork called Request for Mortgage Assistance(RMA) application.
  3. Before they start the DIL Process you may first have to go through a review for Loan Modification.
  4. Sometimes Onewest Bank may pressurize you to first sell your home to someone else to prevent themselves from the liability of owning a property.
  5. The title of your property will be checked.
  6. The investor will ask Onewest Bank to do a valuation on the property on its behalf.
  7.  For the next step, our team will negotiate relocation and time frame terms with Onewest bank.
  8. Lastly, your lender provides a response to the deed in lieu of foreclosure made to them.

If you had an experience of dealing with Onewest Bank in the past you will have noticed that the above steps only sound easy but are not in reality. ACG is here to help our customers with any difficulties with mortgage relief so you have nothing to worry about. Being in this business for more than a decade we know we will have to run around from department to department to do the work for you. Maybe the loan modification department has your file because you have been trying to get a loan modification from them for a long time. Maybe it is so that they want to pressurize you to sell your home so the short sale department has your file. We are here to do everything for you and most importantly you should be able to figure out when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their deed in lieu application, getting denied, and not being able to figure out what happened. We can help you through the process of doing a deed in lieu of foreclosure even if that means reviewing a decline made by Onewest Bank.

Onewest Bank Loan Deed In Lieu Timeline

Just like other companies the timeline of the Deed In Lieu Process of Onewest Bank is very variable. These are just a few of the hoops we jump through when dealing with a deed in lieu with Onewest Bank.

  • To begin with,  Being only a mortgage servicer and usually always representing the interests of an investor Onewest Bank has to follow a set of rules called “PSA” or Pooling and Servicing Agreement that governs the pools of mortgages they service. The PSA is like a  contract between servicer and beneficiary of the mortgage note. The investor usually grants Onewest the authority to make only some of the decisions themselves. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers and take care of many of the decisions themselves. As always the greater the number of hands in the put the more layers of bureaucracy you’re going to deal with.
  • Additionally, If your loan has a sale date then this will have a huge effect on the timeline of the Deed In Lieu of Foreclosure process. Onewest Loan becomes very difficult to deal with if a sale has to be stopped to complete the DIL Process. There are sale dates for every day of the week for a company like Onewest Bank so the dates are not worked on as quickly as you want. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, All negotiators were not created equally. What makes the process tricky is that this goes for both sides. Miscommunication can lead to certain failure while dealing at this kind of large level. Representing a homeowner during the process of Deed in Lieu Of Foreclosure is a very specialized skill that can be learned through experience only. Often you will be put through the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are for the banking institution who owns the interest in the loan.

Onewest Bank Deed In Lieu Timeline Conclusion: The range of factors on which the DIL process of OneWest Bank depends is very wide ranged. Onewest Bank will be able to make a decision lot quicker if they can make it themselves. What the lender perceives as the value of the property will also affect the timeline. If you have other debts then your ability to get DIL will get limited. How fast Onewest Bank’s Loss Mitigation department receives the Onewest Bank Deed In Lieu Forms to apply for mortgage assistance are received (readable) and other factors will come together to affect how long it will take for your Onewest Bank Deed In Lieu application will take to be Approved.

If Your Onewest Bank Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix A Onewest Bank Deed In Lieu Decline?

The reason we have seen the most for the decline of the application is miscommunication but it can often become very confusing as to why it was rejected. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your Onewest Bank deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

OneWest Bank Deed In Lieu Reviews

OneWest Bank Deed In Lieu Complaints

Often we have gotten on the phone with a OneWest Loan for one of our Customers where we are given the run arround. They can be very difficult to work with and making matters worse is their rude agents on the phone. When dealing with a Loan Servicing where the people on the phone make you feel like they don’t care getting a straight story can be difficult with your OneWest Mortgage.

OneWest 1 Star Review:

Pasadena – Main Branch of One West Bank.  Called yesterday to inquire about transfer of an account.  They couldn’t locate the paperwork.  Gives one cause for concern.  I called today and they said they would look into it.  I had to ask for the bank manager to get the job done… simply confirm that the bank transfer request was received.  Do you really have to ask for a bank manager to get service?

Reason I needed to follow up?  Two years ago they didn’t transfer my money to another bank.  When I called during the maturity grace period of the account to find out what was going wrong, they said the other bank had not correctly filled out the paperwork.  They did not want to talk to the bank to settle the matter and would not return the bank’s call.  In the end the maturity date of the account expired and the money was stuck there.  Urggggg!.

Natalie A., Costa Mesa, CA

OneWest 1 Star Review:

Recognizing that this financial institution was recently purchased by CIT, nonetheless, they do not seem to be interested in relationship banking whatsoever.  I am just such a person who has an existing commercial loan with them for the last 8 years.  I have never missed a payment even during the tough years of 2008-2010 when we all went thru a Great Recession/Depression.

Today, I called and asked my loan officer if they would consider refinancing the existing loan in order to lock-in current low interest rates before Fed Chairwoman Yellen raises rates in the next few weeks.  My existing loan has a balance of $3.5 million.  And so what was I told?  Sorry, but we don’t finance anything under $25 million.  Doesn’t matter what the quality of the underlying asset is,  or the 840 FICO score that I have, or the self-integrity that I have to offer.  They just blow you away as simple as that.

Marc M., San Marino, CA

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

OneWest 1 Star Review:

I made the mistake of staying with OneWest Bank after they took over for bankrupt IndyMac bank. They were ok for a couple years. Now they have started to add fees for just about everything. They started with a $30 “Trustee Fee” on my IRA account. I avoid fees like the plague so I contacted them and asked them to waive it. They wouldn’t so I told them I would close the account when the cd matured. I attempted to do that but they needed so much paperwork just to close the account that I missed the cutoff date for the renewal window. So they ended up charging me  a $25 fee just to close plus an $89 penalty for missing the cutoff. Needless to say, I’m not pleased. And plan on contacting  the California Department of Financial Services. And plan on moving my money market account (also with OneWest) to another bank. And, once the new rules are in place, refinancing my mortgage (also with OneWest) with another bank. Obviously, snatching fees is much more important to OneWest than customer loyalty.

Von, Phoenix, AZ

1 Star Situations Happen Every Day

 

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your OneWest Mortgage.

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your OneWest Mortgage.

OneWest Deed In Lieu News

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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with...

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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with...

read more