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mortgage fraud by indybank executives

Jul 13, 2008

INDYMAC BANK complaint by VLKHOSLA

Berkshire financial corporation gave us a mortgage with a rate that was changed by Indymacbank. Indymacbank acquired Berkshire Financial nobody knows the circumstances including the vice-president, compliance for Indymac bank. Inspite of my written requests to obtain information about the CPA firm that signed the financials of Indymac Bank and Berkshire Financials I have had no response. To me a CPA it is becoming clear that senior executives of Indymac Bank have committed a fraud and I am surprised that in-spite of so many federal and various standards laid by AICPA, PCAOB, ISACA and so on the CPA firm that signed the financials are not being penalized. There is a lot I can write, will there be any action taken or only excuses given. The Corporate world is full of fraudulent executives, I can name some ?????

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Comments (3)

1. Written by Otis, on 17-07-2008 23:19

Darn right Indymac was down with mortgage fraud. You see it works like this. Rogue brokers allied with thugs asked people like me who had good credit to get some big cash up front for using my credit score and to buy big properties trumped up with inflated appraisals. They (rogue broker) asked me to use a stated income on the federal income statement form , perfectly legal at the time.) Indymac loan documents flooded my home. Bastards, were down to give us a loan we couldn't refuse. I was promised big cash just to have these thugs rent the house I would purchase. Give me some money up front and I would be straight. I didn't feel like being a b_ _ _ _ that day and sent the frauders my actual pay check receipts. The rogue broker was furious. I backed out and the Indymac documents remain in my personal file. Bastards. I got religon. Burn Indy Burn. Jesus is Lord. The rogues had my personal info and put a house on my credit any way. I had to contact the credit companies to free myself. I behaved like a crack head for getting myself envolved with these idiots. I have learned my lesson. You learn from my mistake. Fast money is fast trouble.

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2. Written by io, on 14-07-2008 00:31

:grin

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3. Written by Kelli, on 14-07-2008 00:18

Regarding Indymac changing the terms of your loan that they acquired from Berkshire; it is illegal for any mortgage, bank or financial institution that acquires your loan to change the terms of the Note. The Note is a legal binding document and the terms of said Note cannot be changed by anyone. I suggest reviewing your original Note and double checking to make sure that you weren't in an ARM that has adjusted. If the Note states to be fixed and not set to change, then Indymac has broken the law. Contact the Dept of Real Estate or the Dept of Corporations depending which Berkshire or Indymac is licensed under and lodge a complaint. Even though Indymac is out of business, they will be managed by FDIC. Your loan will continue...and will more than likely be sold again to another financial institution or servicing company so you should make sure you have the correct terms/payments per your Note.

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