Tuesday, November 3, 2009

Security One Valuation Services - November 2nd UPDATE from Todd Barfield


It's been about a month since the last post with an update from Todd Barfield about the checks issued by Security One Valuation Services, LLC. Although the number of comments has tailed off, plenty of folks continue to email me with questions.


In response to an email sent to Todd over the weekend, this response was received today:




Email from FDIC to SecurityOne October 15, 2009

I can only answer your question on the release of funds: investigations should be completing the review of this account by the end of next week. If it turns out that the FDIC has no claim against this account, the funds will be released immediately.

From FDIC to SecurityOne October 23, 2009

Investigations is in the process of releasing holds. Yours has not been cleared yet. Thank you

There has been no further correspondence from the FDIC

That's all I have right now. If there is anything new, I'll let you know.


Sorry for the light posting and lack of updates. We have been swamped with a bunch of interesting assignments. When time permits, there is some news to post.

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