Homeowners say OneWest Bank would rather foreclose than offer loan modifications

by Moe Bedard on March 10, 2010

ELK GROVE, CA – A couple facing foreclosure from OneWest Bank has joined the growing number of homeowners, attorneys and real estate professionals who believe the bank would rather foreclose than modify a loan.

“It comes down to money and greed.  All they want is your home,” said Tom Cravalho, who with his wife Mona has been working for nearly two years to get out of an adjustable rate mortgage.

Tom Cravalho said OneWest Bank has refused to honor the original agreement or discuss new terms.

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