We applied for loan modification last Jan and got denied in June because they don't accept unemployment as an income anymore. Applied for the second time, first week of Sep and all this turn around is ridiculous. Every week i call and talk to different people and asking same documents which I already submitted and tell me that they will take that out from the pending documents. A week later they still ask me the freaking same documents..You guys not helping people that already on too much stress.. We would not do this if it is not needed..Hope you get a better system to handle every cases and you should help not put people in a diffucult situation...

My husband and I, like many homeowners with liens held by Indymac bank are in danger of losing our homes or already have lost them.
We applied for a loan modification represented by a reputal company and they've had no success with Indymac. They're always told our loan "is in review." This has been going on for months. From what I've read on the internet there are many people with the same problem. It appears Indymac is not interested in doing loan modifications. Then why did taxpayers bail them out? That money was supposed to help people keep their homes.
My grandfather was a state senator in South Dakota and he always praised our country. I don't think he'd like to see how this country is right now.
Beverly Mendenhall

My mortgage broker represented himself as a broker, but was not a broker. He was a paid solicitor for First Lincoln Bank who was supposed to be the lender. First Lincoln Bank became the broker and Indymac Bank became the lender.
First Lincoln Mortgae received a fee from Indymac Bank and also a fee from me.
There may have been more than one truth in lending statement at the closing.
The office that was supposed to be a First Lincoln office was an unlicensed branch office, which is illegal in NY State.
The monthly payment cahanged after the first statement.
Indymac collected my escrow but failed to pay my real estate taxes for over 2 years.
If anyone has had a similar experience with Indymac Bank please let my know at [email protected]

This is what Indymac Bank has done for us!!

After selling the farm equipment (bobcat tractor, horse trailer, ranch tractor, etc) just to make house

payment because I had became disabled and could not work anymore Indymac mortgage service)One

West Bank). devised a Forbearence Plan after putting the house into foreclosure . The agreement wasTo

pay $2, 476 on 3/31/09 then cosecutive payments of $1, 611.11 on 4/30, 5/31, 6/30, 7/31/09 The next payment

was to be a balloon payment of $11, 545.98 0n 8/31/09. We could not afford to make the balloon payment for

8/31/09. So as to the forbearence plan we contacted Indymac to discuss our loan.They sent us paper work

after calling them over and over again. They told us that they would not except any payments from us.

finnally on 9/17/09 we were able to get all the information they wanted and faxed 32 pages to them. We

recieved a letter the next day dated 9/16/09 stating that are adjustable rate mortgage was scheduled for

an interest rate and payment change.
A new interest rate 4.50000% was effective 10/01/09 and a result our new payments would be $1, 019.93

and after escrow and insurance it came to$1, 282.21 due as of our November 01, 2009 billing statement'

The next letter recieved was datasd 9/25/09 telling us that we had to wait 30-60 days as they reviewed the

documents that we had sent on 9/17/09 to make their decision about a loan modification?
All this happened including a call to Indymac to confirm the letter of 9/16/09 on monday the 17th of

september, with the conformation number they provided in that letter. All seemed well, but confusing.

The evening of 10/7/09 A person saying that he was the husband of a realtor (Century 21, Kim Dursh,

Escondido, Ca.) Told us that the house was sold? We were devistated, We showed him the paper work

he said he could do nothing, Gave us his wifes bussiness card. We called her she said what a horrible

mistake must of took place. The next day She started calling us trying to get us to sign some paper saying

we would remove everything off of our property in 2 weeks and that included our renters and she would

hand us a cashers check for $5, 000, or in 3 weeks $3, 000.
Our renters have become part of our family. How do you throw family out on to the streets? This

Century 21 Realtor (Kim Drush) Told us that she was acting as the legal part of Indymac Bank!
She also told us that the money she was offering came from the new owners that had bought the

property. These were all lies!
From 8/2009 till now We have hired a lawyer to help us Paid $750 for nothing, went to a bankruptcy firm

said they could not help us, tried legal aid got turned down because we made to much money, Missed it

by just a few dollars! The home was sold on 10/05/2009, went back into Indymac Mortgage (One West

Bank) Service.Cherie is now broke, her credit ruined and her home of 23 years taken by Indymac. There

is a feeling of hopelessness, dispare and alone! No where left to turn to. Owning 3 horses has now

become a problem, can't afford to board them may have to put them down, they are like our own kids,

brothers, our family.

Where now asking the question does anyone know the answers that may help???

Cheryl Codding
[email protected]

I begin working with Indymac back in February 2009 on a modification for my rental property, they had me send in all of these documents month after month, everytime I called in i was told it's under review until finaly 09/23/2009 i was told they don't do workouts of any kind on rental properties and I need to pay $14, 363.93 to bring my loan current or go to forclosure sale in October. I told them I have a ederly tenant, the supervisor then said have her move into a senior home!