Indymac
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Category: Business & Finances
Contact Information California, United States
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Indymac Reviews
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Tbuckmon
May 11, 2009
Check for Reconstruction
Someone who needs to a "career making" story needs to investigate IndyMac & is practices.
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hamir
December 8, 2008
victim of failed bank
i am also a victm of uninsured depositors. sent letters to congressman, senators and trasury department. no reponse. believe it or not.
i have asked indymac to play the recordings as i had insured all my paperwork instead i get a letter from theit law firm asking me to redirect inquiries. the government or fdic is treating the depositors like this money was a moral obligation that we should lose!!! can you believe that indymac is the only bank that failed and depositors have been affected.
i am also frustrated. is there a website where all of us can send a joint letter to the congress so our voice is heard. looks like individuals are sending. just like the bailouts automakers are asking for not doing their roles right, just like the banks who knew how to blow up the depositors money can we all send a common letter to the senators and congressman. is there a site where all of us are affected
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December 4, 2008
Indymac
We just finally closed on a short sale property that took over 6 months. The seller's loan was with Indymac. They are a horrible bank to do business with. They don't return calls, they change there story from week to week, and nobody is accountable. We were at the closing table the Tuesday before Thanksgiving (which they picked date). Then once we were there they did not send over the approval letter because some authority was out of town that needed to sign off on it. This ruined out Thanksgiving not to mention all of the people involved with this situation. Finally we closed yesterday but it took over 3 hours and almost didn't happen because they wanted something changed on the HUD that had been there the whole time. If you are trying to buy a property and Indymac is involved be prepared for a long wait and not many answers.
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August 24, 2008
Coversion of construction loan to permanent loan
When my wife and I went to convert our construction loan to a permanent loan, we were given one choice only. ( 5/1 loan @ 8.875 %). Which is forcing us to refinance the. It is my opinion that indymac is forcing people to refinance because they dont want to carry the loan. Since the announcement in July that the FDIC was taking over Indymac because of the financial position of the company, They are trying to scare all ther construction to perm loans away...I was told that they cant sell these loans to anyone they are too risky because most of them our based on stated income and not checked at the close. Therefore Indymac is carrying the loan and charging crazy rates to justify the risk. This is completely not right and something must be done. I was told throughout the process that we would have choices of the type of loan to take out at the completion of our project. That never happened...
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July 13, 2008
Bad loans
We got into a bad loan with Imdymac and they made us pay to get out of it. My wife and myself found out we had a loan that they should have never done. As soon as we noticed our loan amount going up we called them and we had to pay closing costs and a early pay off fee. So we got soaked for about another $17, 000 added to our loan.
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