Anonymous
map-marker Monroe, Michigan

Indymac and others

I am wondering what happened to all of the so called intelligent people in the United States?? Ok- I can understand people with more than $100,000 making a run after Chucky boy opened his mouth- their money was uninsured after $100,000- my questions is basic economics- why on earth would anyone put more than $100,000 into an account that is only insured up to that amount??? What's with all the people who had $20.00 in their account , waiting in line just to get it out? All the people that bought property that they could not afford?? OK- you may say I could afford it when I bought it , but the interest rate went up- hello!!!!!! You signed papers on that adjustable rate mortgage that stated that it would go up or down- ADJUSTABLE means just that!! My bank told me I was approved up to 200,000 for a mortgage- well guess what, I am still comfortably making my payments because I knew what I could afford to pay each month and still have a cushion each month. (I went for the house that was only $120,000) I am beginning to believe that there is no common sense in this nation, it has truly become a me me me country where everyone believes that they deserve to have all of the toys, high price houses, cars even if they can't afford them- try cutting up the credit cards, driving a reliable used car and buying a house that is within your budget- and DO NOT blame the president, government or banks for your own stupidity!!!
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Anonymous
map-marker Melbourne Beach, Florida

Indymac mortgage

I am one of the forclosures with Indymac. My home is one that I live in, so I'm not a "house flipper". So, things are bad and I get in touch with Indymac's loss mitigation specialist. Basically, all he has to say is that I either have to come up with a lump sum to refinance or I have to furnish proof of more income! If I had money I wouldn't be losing my house!!! To top it all off, the house is now not even worth $125,000 (not selling at that price on the MLS over the past 8 months). This Indymac guy says if I refinance the house is worth $164,000...I am wondering what planet he is on? Now, I've written Micheal Perry CEO for help, one week ago, and have heard NOTHING!! Now, wonder why the banks continue to fail. If they operate like this one, their properties are just going to rot and lose value, instead of them getting something......they are chosing to get nothing...
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3 comments
Guest

THEY DONT EVEN LET U TALK TO ANYONE ABOUT YOUR ACCOUNT NOW AND THEY TAKE FOREVER TO DO ANYTHING SO I AM DONE WITH INDYCRAP THEY CAN HAVE THE HOUSE THAT IVE BEEN TRYING TO PAY FOR AND SHOVE IT UP THERE ***.

INDYCRAP SUCKS I HOPE THEY ALL GO TO ***

Guest

The incentive for the bank to modify a loan is two-fold. One, to make the bank more attractive to a potential buyer by not having as many loans in foreclosure.

By modifying the loan, the homeowner is taken off the foreclosure list, and the amounts outstanding plus interest and late fees are put to the end of the loan. The customer then has a new interest rate, making the payments affordable.

Please please make sure you are upfront with whomever is modifying your loan, if you were non-escrow for insurance or taxes and either of these are delinquent- have the bank force escrow and get them paid prior to modifying your loan - otherwise, this may make your monthly payment much higher if it's done after modifying. On page 5 of your deed of trust (standard form used by all mortgage companies) the bank may force escrow if they feel that the property is in danger of tax sale, being forclosed on for taxes or is not being properly insured.

Guest

This is to the consumer that made a complaint on October 9th, 2008. First, If you tried to contact Mike Perry, you will be waiting a very long time for a response.

Second, Go to IMB.com and apply the correct way for a loan modification.

I am left to wonder if you lost your job that you would be in foreclosure to begin with? If not and it was that you got such a great rate with a adjustable rate mortgage- then maybe you should have read all the paperwork about how they work.....

and if you didn't pay taxes or insurance- if it wasn't something you were expecting to be so high- maybe you were not educated enough or ready to be purchasing a home.

This is not meant as a slam against one person- but against all of those crying that they're rates went up and now they can't afford to pay- hmmmmmm- maybe they should not have bought in the first place as clearly they were not ready to face the consequences when they came!!!!

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ltema
map-marker Boston, Massachusetts

Indymac employees lied about FDIC insurance..and now they are gone

My father deposited funds at Indymac with three beneficiaries. He asked if all three beneficiaries and himself would be covered by FDIC insurance - the bank employees said Yes. When Indymac folded, FDIC informed he would only have coverage for the three beneficiaries and now he is out a lot of money. We are trying to figure out how to file a suit against the new Indymac entity owned by FDIC. Know of any good Banking lawyers in Pasadena? I see other postings here of people in the same boat. What are you doing? We are up against the 60 day deadline.
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5 comments
Guest

Who gives a *** if the employee lied. Thats why they have things in writting that you sign so you know exactly what you are getting. *** tools.

Guest

We also lost a lot of money due to the wrong advice given by staff regarding FDIC coverage. What is anyone doing about this?

Guest

I was lied to also about being insured and one account incorrectly set up by bank and FDIC said that's Tuff and my fault for not insuring INTERNAL bank records were not correct. First FDIC said I was insured and 3 hours later said I was NOT insured on this account. Tried to find lawyer to file appeal in Federal Court and cound NOT find one anywhere.

Bill J Gnj

I am in the same boat too. What can we do?

Guest

I am also in the same boat. How can I contact you?

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Anonymous
map-marker Sedona, Arizona

Pissed consumer....re: IndyMac bank failure- can't e-mail your list

I cannot reply to any of the people who have posted complaints about IndyMac bank.... the links seem to go to commercials... how the heck can we connect. If it's not too late now? Most of the postings were requesting others to connect with them who had similar complaints? If we are to file a complaint jointly, we need to be able to connect. I have spoken to several lawyers, and they all say I have a case and I have filed with the courts. I have a lawyer who would happily take on this case if there were more than one of us filing complaints with the FDIC for taking our money when we were told that we were led to believe we were insured? Please let me know???
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1 comment
Guest

I was also assured that I was insured when in fact their only concern was just getting me to deposit my funds there. First FDIC says I am insured and 3 hours later they say I am NOT insured because of INTERNAL BANK RECORDS being in error and FDIC said that was my problem. Tried to find a lawyer and could NOT find one anywhere to file the appeal.

Charles M Hld
map-marker Los Angeles, California

Indymac lied about insured cd's, now withholding funds

We would like to pool our resources and network with other depositors who were assured of FDIC insurance on cd's by Indy Mac Bank personnel and now find themselves cut off from their own money. with only 60 days to register a complaint. contact charminmillett@***.net. together we may be more successful than individually. Our complaint is so similar to others we have read here. We questioned the fiduciary responsibility of Indy Mac and FDIC's oversight. we believe they had a responsibility to tell the truth when publicly banking our savings in insured certificates of deposit. let's get together and pool our resources quickly.
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1 comment
Guest

I want to get in as I have lost substantial amount of money.. how do we set this up?

Koti
map-marker Foster City, California

Indy Bank

I agree with "Pissed Off" I was fed the same story and if they aren't investigating the charges by the average american citizen that was taken for thousands of $...shame on our govenment. Of course the operative word is average, there to stick it to where ever there's a buck to be made. Thanks for looking out after us. I've gone to over 6 other banks and got 6 different answers about FDIC. What is clear, our government is more concerned about it's institutions then it's citizens, many of whom are seniors and suffered a great loss!
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1 comment
Guest

Seems to me that the paperwork you signed for your account/CD whatever- would have the FDIC guideline written on it- hmmmm- lets see- any bank you walk into has the FDIC stickers in the Window- generally $100,000 checking /savings account, up to $250,000 for other investment products-had you been careful and concerned about your money prior to the financial mess we are in now- you would not have had all of your eggs in one basket. You would have actually asked these questions prior to putting your money in one place!!!

sumac H
map-marker Bakersfield, California

Six Months of "Working W/IndyMac" Nothing !

I procured this loan from IndyMac Bank in '06 and payed a month in advance so I wouldn't have to worry about being late. It stayed like that till they told me there was nothing they could do to help me because I was a month ahead. I have senced lost my job and am on disablity. My income is far short from making my house payment, but I had savings till now. I have called and spoke to at least 10 different people, some that could help, but won't. They keep telling me to call back in two weeks and every two weeks I call and there is no modification to be had. Just me being HAD !!!
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Loss:
$163
3 comments
Guest

Sally, you are a complete ***. Didn't your mother tell you not to speak if you don't have anything nice to say.

You might end up in the other person's shoes one day.

Guest

You both are idiots. You bought the house.

You agreed to the mortgage and rate. You have to live with it. Even if you have to live on the street.

Have fun living in the gutter! Idiots.

Guest

i am in the same situation with indymac.disabled indymac i call them every day to see if there is any help 4months behind on my morg single mother a payment of 1894.00 a month high intressed rate offered them 1200 a month refused at least in trying hellllllllp

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elaineouyang
map-marker San Jose, California

Indymac Bank lied about my FDIC coverage

I am writing to let the general public know how corrupted the U.S banking system is. I have two cd accounts at Indymac. I was repeatedly told by Indymac employees that they are fully covered by FDIC. I even have something in writing from 7/8/2008 stating my funds were all insured. Yet, I just found out today that a significant amount of my funds were not covered. I am devasted. I worked so hard so for the money and now they are gone overnight. And the worst part about it was, I tried to add joint account holder or beneficiary to maximize my FDIC coverage just few days before they closed, but did not do so because two Indymac bank employees told me my funds were already fully insured. I want all americans to learn from my mistake and know that their money are not safe with banks. The funds may not be FDIC insured, even if their bank tells them they are. The U.S banking system is totally corrupted. Whether Indymac bank employees lied to us intentionality or they just did not understand FDIC coverage. Banks cannot be trusted! US banking system cannot be trusted!
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Loss:
$25000
10 comments
Guest

Why can customers not ever listen to financial advisers? I am a bank manager and we tell our customers all the time that stop structuring accounts to get FDIC coverage invest in annuities which are backed by strength of insurance companies which are normally strong or mutual funds! LISTEN TO US FROM NOW ON SHEESH!

Guest

Does anyone know how to determine the value of assets of imb? As far as I see they made 200 plus billion in loans more or less..

they are either in the hands of the bank or people are paying the loan still ..

So whatever they get selling these loans/homes at discounted prices should still equal a billion for us non insured depositors.

I believe brokered cd accounts get paid after depositors.

Guest

I'm absolutly beside myself. I'm getting ready to retire and told my Financial Advisor to pull all my money out of the Stock Market and put it into CDs!!

He invested it all into Indy Mac!! Is there anything I can do?

Guest

up to 100,000 fdic insurance, per bank - that is adding all the different accounts you may have, as a sole owner, or with one beneficiary.

with 2 beneficiaries, your coverage goes up to 200,000.

Guest

"Reid in Idaho" is wrong. It is up to

$100,000.00 per institution, not per

account.

You should spread your money around to different banks keeping the aggregate amount in any one under $100,000.00. That way you will have all your $$ insured.

Guest

I had over 150 K and got it all out. I have several accounts. Was pleased but saddened at the mess the banking system is in.

Guest

Consumer beware -- Like a previous commenter -- accounts are fully insure UPTO $100k per account. If you have more than that in an account you should have multiple accounts. Read the sticker on the door of any bank.

Guest

The fact that FDIC coverage for years fully covers accounts up to $100,000 has been well known and publicized for years. If someone put more than that amount in any bank, they were totally foolish, if not ***, to do so.

In most FDIC takeovers of this type, depositors usually end up getting 75-80% of the amounts over $100,000. (Source: Wall Street Journal)

Guest

:cry

Guest

:x

How much did you have in the accounts?

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susannaholt
map-marker Sedona, Arizona

IndiMac - and FDIC gave me conflicting advice.

I opened two CD accounts with Indymac, and requested my son to be on the accounts in case anything happened to me, i.e. injured, or out of the country. When the paperwork came for me to sign I called the bank for clarification as the terms were not what we had discussed. I don't know bank terminology, but I do know what I was asking for, and until I got clarification, I wasn't going to sign. They never got back to me, and then the bank went under. ..... is anyone else in the same boat? I am going to contest this... Susanna
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1 comment
Guest

how can I contact you?

Kwawegen K
map-marker Northridge, California

Mike Perry Gone

Well is any one want to write a complaint to Mike Perry about IndyMac Bank you may as well burn your letter. Mike Perrys email address is no longer valid. Furthur proff that this institution is not doing any good especially when the one many who may be able to give some satifaction had abandonded his own boat. I am convinced that talking to walls would be a much more productive encounter. Well the only thing I could sugest to anyone is to take this a step furthur up the ladder. There is a small chance that it may work.
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19 comments
Guest

323-868-****. I'm working w a reporter re mr perry Renee m. Jan 10 2013

Guest

Hey Still Fighting... It sounds like some shady character at IMB changed your loan number.

What that indicates to me is that all the payments you have made were credited to your old loan number and the new loan number held your full balance. The old loan number may have even been associated with someone elses loan and you could have been paying someones elses loan. All it takes is a small change in the computer system or maybe even a typo. Has IMB been cashing your checks?

If so you have proof that you have been paying... Also, I'm not sure why thre amount you owe has stayed the same. If anything it should be more since you have not been paying interest... If I were you I would get to the bottom of this.

I would not settle for speaking to anyone else than the new CEO or someone at that level. This has gone on way too long... If you have done everything you say you did and did it the right way there is no reason that you have had this type of glitch for over six years.. Sounds strange...

When you can ask them to look you up by your last name as well as the loan number to see if they have two different records with differnet loan numbers.. it is possible.

Guest

March 2001, I was approaced by a person who intoduced themselves as a broker for IMB who specialized in helping low income and low credit score persons get homes financed. July 31,2001 I closed on a loan that paid off my owners finaced home.

I worked closely with this employee of IMB and a bob closley and trusted them both. Had no reason to beleive there was ant fraud because I called IMB and got bob and the broker should me documents of other loans she secured for others with IMB. I was instructed to provide my bank statements showing a 6 month balance. get home owners insurance, pay for appraisal, give seller downpayment, pay all closing fees.

Never seeking a loan for a home before i had no idea what i was getting into. approximaetly 7 to 10 days prior to closing i was informed the brokers name had to be placed on the insurance, the bank and all other documents; but it was explained once THE LOAN WAS SATISFIED the brokers name would then be removed. The name was that of the lien holder. At thetime it made since.

Never the less i began making payments directly to the bank ever month; one year latter I received a summons to court stating I was being sued; my name was placed on the deed and titles in error. IMB refuse to take any of my payemnts" per their customers instructions " the broker" that worked for them. Oct 2004 the brokers case was thrown out of court I counter sued and won the complete ownership of the home. It was oreder the brokers name removed from every document deed of trust title effective from the datge of closing.

however I were to continue mortgage payments.IMB as of today will not take my payment and state because they were not party to suite they did not have to honor the District courts order. IMB has attempted foreclosure 3 times because of non payments. I have in effort to stop foreclosures made payments in the name of the broker in the thousands; here is the funny part the loan number I closed with was changed by the time I made the 1st payment. the amount owed on the loan is the exact ammount of the loan.

Payments have been made for 7 years why the exact amount of the loan at closing is still remaining I don't know. I've made over 40 thousand dollars of payments myself. I'd lived in for a year. OTS refused to help when I asked that they explain how the loan numbers changed.

Why is the balance the same after 7 years. Yes I was dum but I have learned so much about it all since then. The closing documnets I left closing with had several differrent dates. Page one had March 2001 and the deed of trust had july 2001 every documentshowed diffrent dates.

I was notified the home was being auctioned by a company. asking, to hep me stop foreclosure. I was never notified by the bank and the auction april 2008 in 15 days. Also the deed of trust used to foreclose with was in the brokers name as the home owner the trustee over looked the filled Judgement in Oct 2004court order that showed i was the owner.

I live in Texas and would love to share my story with any investigatve new show or fbi AGENT. I have done all work that is needed to show how they work and how all regulatory agencys fail to be effective. I have held IMB at bay for 6 years and I know GOD has allowed this to happen for a reason. With my attorneys permission I WILL TALK.

I have a voice mails from the trustee telling me they will not talk to me get a lawyer after I provided them a copy of judgement ordering the brokers name be removed from the DEED of Treust and Title.

My name was on every document for the loan and closing, accept the note. I placed the brokers name on my bank account, insurance and sellers agreement as instructed by IMB's bob and broker.

Guest

First I want to say the person Savannah is a an ***. You obviously have no clue what your talking about.

I worked at IMB for a little over a year, at the beginning of the end. It was a good place to work if all you care about is having a relaxed dress code. They did not pay anyone well at all and acted like you were lucky to be employed by them. Management was very full of themselves.

There was no such thing as a raise, not even for cost of living. Management acted like they wanted your input but constantly shot down any ideas other than there own (objective). I personally experienced pressure to be very optimistic and I won't say more on that. Mike Perry continuously had excuses and overly positive outlooks.

He maintained that the company was strong and was going nowhere. In my opinion it was a big publicity scam to both employees and shareholders. I hope management looses there jobs and homes just like the employees and customers they hurt and treated with no respect. I have no respect for any of those so called (by Savannah) successful people.

You call it success I call it greed, butt kissing, and luck. I can personally say most of them had no idea about BUSINESS and how to run one. They were sales people who where good at pretending to run a business. The management started out as loan officers and worked there way up (b/c they got there in the beginning) to management.

They did not know the first thing about how to run a company or manage people.

The only reason they lasted so long was b/c they robbed people and rode the money train while it still had some juice. When it came to business and strategic competence, it did not exist there...Just egos

Guest

First I want to say the person Savannah is a an ***. You obviously have no clue what your talking about.

I worked at IMB for a little over a year, at the beginning of the end. It was a good place to work if all you care about is having a relaxed dress code. They did not pay anyone well at all and acted like you were lucky to be employed by them. Management was very full of themselves.

There was no such thing as a raise, not even for cost of living. Management acted like they wanted your input but constantly shot down any ideas other than there own (objective). I personally experienced pressure to be very optimistic and I won't say more on that. Mike Perry continuously had excuses and overly positive outlooks.

He maintained that the company was strong and was going nowhere. In my opinion it was a big publicity scam to both employees and shareholders. I hope management looses there jobs and homes just like the employees and customers they hurt and treated with no respect. I have no respect for any of those so called (by Savannah) successful people.

You call it success I call it greed, butt kissing, and luck. I can personally say most of them had no idea about BUSINESS and how to run one. They were sales people who where good at pretending to run a business. The management started out as loan officers and worked there way up (b/c they got there in the beginning) to management.

They did not know the first thing about how to run a company or manage people. The only reason they lasted so long was b/c they robbed people and rode the money train while it still had some juice. When it came to business and strategic competence, it did not exist there...Just egos.. Also, Savannah would you happen to currently work for IMB?

Maybe in corporate communications? maybe as the inside blogger?

Guest

I worked with IMB for 3 years. I disagree with Mike's remark about no raise due to stock market bad.

How about Cost of living?

Mike said No based on the stock market. Should we sue Mike's income, home etc?

Guest

I worked with IMB for 3 years. I disagree with Mike's remark about no raise due to stock market bad.

How about Cost of living?

Mike said No based on the stock market. Should we sue Mike's income, home etc?

Guest

I worked for Indymac for 3 years and that place was horrible. There was so much favoritisim and B.S going with the upper management.

Employess were treated like *** and no one was aboe to question any thing. I hope the upper management get what they deserve.

They had too much fun for too long. I hope this teaches them a lesson to treat people with respect and dignity because karmaaaa is a biachhhhhhhhhh

Guest

I worked for Indymac for 3 years and that place was horrible. There was so much favoritisim and B.S going with the upper management.

Employess were treated like *** and no one was aboe to question any thing. I hope the upper management get what they deserve.

They had too much fun for too long. I hope this teaches them a lesson to treat people with respect and dignity because karmaaaa is a biachhhhhhhhhh

Guest

savannah.. its then.. not than

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cheated Xej
map-marker Irvine, California

Indy Mac Bank officer lied about my cd's being 100% insured

When I took out additional cd's, all with the same beneficiaries, bank employees said I was 100% insured. I called the FDIC and they verified the same. Now that the bank has failed, the FDIC said I was only insured for half of it, and not 100% like I was assured that I was. So far, I have only received 75% of the my funds and the FDIC will not release the balance. They only say that someone gave me the wrong information. Strange the bank and Indy Mac both gave me incorrect information. Has anyone else had this experience?
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2 comments
Guest

Did you think to read the FDIC brochure? I worked in a bank before and when you open your account you are giving a FDIC booklet telling you the rules for insurance.

Sadly many feel its to time consuming to read. Better take the time to read the terms then to take the time to try and retrive your money. Its a sad situation but we must be responsible for our own actions. Dont start a contract without reading the rules.

Its like going to Vegas and gambling your money on a game you know nothing about because the return looks good!

Learn about places you are putting your life savings in. I wish you ll the best of luck.

Guest

did you get any of it in writing from the FDIC? because if you didn't, you are out of luck

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toms
map-marker Washington, District Of Columbia

Indy Mac Bank is DONE!

From an email this morning: "Indy Mac is closing TODAY. The entire Marlton NJ office is apparently being shut down and their other operations offices are closing. All wholesale operations are gone." As this news rolls across the country, we will keep you updated on developments. One source says as many as 4,000 people will be laid off. It's early in the day, but an official announcement is expected within hours as to the extent of the shutdown. 7:45 am (PDT) - Bloomberg is showing trading halted. Original Ailing/Watch Listing - 2008-06-30 (6:30pm EST): At 5:45 pm (EST), the following email was sent to customers of Indymac's commercial lending unit, Indymac Commercial Lending Corp.: "ICLC, due to the current market and capital constraints has ceased lending operations as of 7/1/08. A formal announcement from ICLC will be coming out tomorrow regarding details and loans in process." An official notice was sent out shortly thereafter. Referring to today's press release on The IMB Report, Indymac's company web site, an LA Times report refers to "a weekend that saw depositors line up at some of its San Gabriel Valley branches to pull their money, as they reacted to news reports questioning the company's survival." Indymac's article responds with "while branch traffic is somewhat elevated this morning, it is substantially lower than on Saturday, and we are hopeful that this issue appropriately abates soon..." Update - 2008-06-30: After the opening bell, Indymac Bancorp Inc. shares dipped to a morning low of $0.60. IndyMac was one of 12 stocks removed from the Russell 1000, moved to the small-cap Russell 2000 Index per Yahoo Finance.
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3 comments
Guest

To all vitims of Indy Mac and One West Bank real estate loans, we are forming a base to file class action suits. For more information, describe your situation and email to homefighter@***.com

chrissy Dpg

what the ***, no emails, no phone calls or letters in the mail *** this sucks

Guest

More bad news for IndyMac

IndyMac's offering of 2 year CD's which were scheduled to start 7/11/08 were abruptly cancelled by Vanguard (on 7/10/08) because the company (IndyMac's) financial condition would not allow them to offer FDIC coverage on the obligation (according to Vanguard). Offers to buy them were solicited approximately 10 days before the settlement date but buyers were only given 1 day notice of the cancellation. What Vanguard and IndyMac did was lock investors in a contract for 10 days and then walked away from the deal without any compensation for investors.

Information on Vanguards response to customers can be found on:

www.vinbreport.com

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Kadsmommy B
map-marker Pittsburgh, Pennsylvania

Almost made me loose my home!!!!

IndyMac Bank is the worst bank known to man!It all started on oct,2006.They we're to put my mother and my fiance on the mortgage and didn't.They just put my mom on it. Then they told him that he can refinance in a year with them.Wrong!We have tried they said they don't know why someone in their company would tell us that.We have our loan escrowed.That means nothing! They don't pay my taxes!I had to fight them to pay my taxes with the money that they have of mine for my taxes.Then they tried to tell me thats its my responsablilaty to send them the tax info so they can pay it.Nope i called my tax collectors they send it to IndyMac to pay their self.So i don't have to! They tried to argue that with me,saying that i need to send it! lol!!! The tax people were sending me delinquit info on my property and house.They were having a lein put on it.Once again IndyMac's fault!! Now i am two months behind on my mortgage.Because they told me not to pay till after July 2. So i can get a mortgage adjustment.Ha!! Now i am stuck for getting a mortgage with someone else. By the way their mail room has brainless workers in it!!!!! They never get their mail that you send to them.They also have broken fax machines because they never can get a fax.No matter how many times you send it , they never get it!! So the point is the screwed me for now!!!!
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Richard R Hhp
map-marker New York, New York

Withdrew alot of money from my accounts

Indymac Bank withdrew alot of uninsured money from my accounts. If any other customers are in the same boat as me, and are in a lawsuit with Indymac Bank or any responseable pardy. I am interested in joining up with you. email richardrokita@***.com I was out of town when Sen. Charles Schumer posted his letter on June 26, that called 911, which caused people to to withdraw 1.3 Billon in 11 Days. The next friday Indymac Closed. The following monday they were open for business,offering high yield CD's etc. Nobody went to jail or Anything, and we were all screwed out of our money.
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5 comments
Guest

I lost 20,500 because, I too, was not aware of the senator's remarks.

Bill J Gnj

I find it interesting that Indymac has several hundred houses for sale on the website. Where is that money going? They owe me 80k.

Guest

Seeking Great Service is correct. But, truthfully do not expect additional payments from FDIC as I have contacted them repeatedly to no avail and especially w/ banking industry in dumpster, future payments are doubtful.

I did expect some lawsuit to surface on behalf of uninsured depositors since essentially it was Schumer who opened his fat mouth and caused a run, but haven't seen anything yet. Essentially, we're all screwed for those uninsured deposits.

Guest

i have been trying to recover overpayment in escrow of funds to no avail. the sellers paid for taxes in advance for the year, we paid back the sellers at closing but indy still held money in escrow for taxes and we pay taxes in our mort.

each month. our town reimbursed Indy 2 months ago and each time i call to get a review of escrow they say it was improperly done but it was now correctly done and call back in 5 busin. days.

i have been doing this for 1.5 months now. how do i get my 4k that is mine?

Guest

IndyMac did not withdraw funds from your account. The funds in your account after the weekend were the only funds covered by your FDIC insurance.

Any time that you keep funds in a bank and don't make sure that they are fully insured - you are at risk of losing your funds. The FDIC will sell off IndyMac's assets and attempt to replace some of your additional funds. You are now a creditor to IndyMac bank and will likely receive periodic payments as their assets are liquidated.

It is unlikely that you will receive all of your money back. I wish you the best in recovering your money and I hope that this post helps to explain what happened.

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Brenda S Vcg
map-marker Miami, Florida

Indymac not honoring construction to perm agreement

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.
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7 comments
Guest

It wont let me show my email how about this way its drazzrules and that would be at yahoo

Guest

HEY ALL OF U EMAIL ME IF THIS HAPPEND TO U Drazzrules@***.com im looking into a lawsuit over this ( maybe class action??) thanks

Guest

How can we fight for our rights. What can we do to remedy this problem. They offered me 9.8% without no other options.

Guest

They did the same to us this month. Did not even offer 30 yr fixed, even though at the time of the construction loan this was stated on their website.

Guest

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

Guest

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

Guest

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

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