Pissed Consumer - Indymac not honoring construction to perm agreement

Home » Consumer Reviews » Mortgage » Indymac not honoring construction to perm agreement

Indymac not honoring construction to perm agreement

Jul 18, 2008

INDYMAC BANK complaint by Brenda

we have a construction to perm loan with Indymac. We went SIVA, now they won't honor that prior agreement, saying that do not accept those type loans anymore. They did offer us a 9% loan when it goes to permanent.

The house is not completed, the construction fund frozen, They even transfered money from my construction fund to make my mortgage payment with out my authorization! now the construction fund is short! The FDIC took them over 30 days later. Indymac made sure it got it's money for the mortgage payment, Sounds like a case of fraud.

They are denying my appraisals and low balling the home's value. They said I should never had gotten the loan from the start. I am losing all my homestead and my investment money. And they do not care.

More INDYMAC BANK Reviews

Discuss
INDYMAC BANK News

on our forums

Quote this article on your site | Views: 178

Comments (3)

1. Written by Susan, on 01-08-2008 16:25

I think Tammy meant "ditto". But Indymac has done this to many people. Me included.

Report

2. Written by Tammy, on 01-08-2008 16:22

Dido......same thing to us.

Report

3. Written by Nate, on 23-07-2008 22:49

THEY DID THE SAME *** THING TO US!!!!!!!!!!!!!!!!!!!

Report

Comments on Indymac not honoring construction to perm agreement
Consumer Forum is another great place to discuss consumer concerns NOT RELATED to this article.
Name:
Comment:

Code:* Code
I wish to be contacted by email regarding additional comments