Indymac Bank
Reviews and Complaints
Reviews Chart
$1.8M
CLAIMED LOSSES
335
TOTAL REVIEWS
26.2K
PAGE VIEWS
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.
7 comments
ID
Location
Miami, Florida
INDYMAC BANK BIG LIAR
I had multiple CDs with Indymac Banks and I was told by the bank representative that my funds were FDIC insured. Now half of my life's earning is gone..taken by FDIC as uninsured fund. They have even taken out my Child's fund (which was less than 100K limit). I have been waiting for 7 days with no-sleep to talk to one of these FDIC insurance agent.... It's not safe to put money in the bank even if someone says it's FDIC covered... I have talked to Indymac Federal(after FDIC takeover) and now even though they are part of FDIC...they say we don't know why FDIC took your money go talk to FDIC insurance agent. There is no coordination.. No bank for me in the future...
5 comments
ID
Location
Austin, Texas
IndyMac has taken advantage of my 91yr old father
with my mother recently passing and now that I am handling my father's financial affairs, came to find out that the "interest only" loan that my father have signed was an utterly disgusting way to take advantage of an elderly person. It was indicated that my father's payment if only the minimum will be 110% of the principal amount that is borrowed. A 110%, is that not ridiculous. Where can retired seniors come up with such a higher amount with their income being limited. Any ideas on who I can pursue this complaint, or hopefully a lawsuit against this company. I'm just glad that the government finally has seized and closed this company. Can't imagine how many more atrocious loans that this company has done with elderly people.
5 comments
ID
Location
Milpitas, California
Indy Mac
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. He told me I was safely invested in CD's. Like an *** I trusted him. If you can't trust your Finacial Advisor who else can you trust?! He invested it all into Indy Mac!! Is there anything I can do? I had $300k invested. I was told 100K is only insured and $.50 on the dollar there after. Can I sue this guy? What are my options here? I have to do something I'm retireing next month.
4 comments
ID
Location
Quincy, Massachusetts
Indymac Short Sale
I received the Short-Sale approval on June 6, 2008. Christerfer Boyett, Loan Workout Specialist, fax the approval letter with closing date to be July 20, 2008. Owner, buyer, escrow are ready for closing as of July 7, 2008 but he/she never returns our call for more than 10 days. We need one paper, final net proceeds, for escrow closing from Indymac but nobody including Christerfer never returned our call, e-mail and fax. I tried to call customer service representives. They are nice and answer the phone but they kept saying I have to call Chrisferter. He/she is only one to solve the short sale. Also, They gave to me his/her assistant telephone number but she never answer or return the call either. Please let me know who have same experience and how to get over. Joanne
18 comments
ID
Location
Los Angeles, California
Close your CD
I managed to close my CDs without even picking up the phone or going to a branch. Use the online form within online banking. I guarantee your account will be closed by the next business day, by some guy working in India, and you won't get penalized (per FDIC failed bank rules). I have to extend this review to 100 words? Goddammit. I have nothing more to say. I still have to file a claim to collect the $13K the FDIC took from me. I had $27K over the $100K insured limit. *** me...five more words ok ok.
2 comments
ID
Location
Corona, California
Here's how you get screwed by Internet Banking - Indymac
I Wednesday 7/09 I tried to access my account with Indymac, I kept getting a timeout error and could not log on to get my money out. I could not get through on the phone. Finally late Thursday someone told me the system was overloaded, nothing to worry about though, keep trying and you should get through. Friday comes still can't get on, can't get anyone on the phone, bank closed by FDIC rest is history. If it was a local bank I could have gone done there and gotten the money out. So now I stand to loose $50K.
1 comment
ID
Location
Charlottesville, Virginia
Loss
$50000
Employee here.
Indymac has followed thru exactly as they said they would. Pay checks are arriving. Benefits are in place. Communications and updates are constant. What happened to them could happen to any bank in this environment with consumers in a panic every time the media reports unfavorable news. I think they have handled themselves with grace under the circumstances. I am an employee and am still proud to work here. Many other companies that have gone under did not handle themselves this way. I'm sorry they fell victim to ill words spoken to the media a couple of weeks ago
12 comments
ID
Location
Mobile, Alabama
Indy Bank
I bought 2 $100,00 CDs in May over the phone-each account was in my name and I asked if each account was insured-he assured me that each was a separate account and they were insured by FDIC-(I am sure the conversation was recorded) - I am now faced with a loss of $50,000 and must make a claim with the FDIC- I am a senior living on SS and a small pension-this is my life savings- I am devastated- I am looking for a lawyer to file a class action against this bank and the person who signed the certificates for not disclosing the true facts- if you have been duped by this bank and are losing your money please e mail me- mdsl500@***.com
6 comments
ID
Location
Las Vegas, Nevada
Not paying property taxes
I have been paying Indymac to take care of my property taxes (included in my mortgage), but received a bill saying my mortgage had gone up $125.00 due to an increase in my property taxes. Come to find out, my taxes had gone down, I had paid Indymac, but they never paid my town. Now they are trying to more than double charge me for their mistake. I have proof I have paid them a certain amount and they are denying it. They are stealing my money and denying it. And because I have such a low interest rate, it really isn't worth it to refinance with another company. I never chose Indymac, my mortgage was sold to them. I won't be paying for their mistake much longer, I will make a change. I hate Indymac!!!
6 comments
ID
Location
New England, North Dakota
Good Riddance Indymac!
For all the indifferent, ignorant, dumb “customer service” persons I’ve/We've had to deal with over the past year and a half, good riddance to you! You deserve to lose your jobs! You deserve everything you get Indymac…the way you’ve treated me (& I’m sure dozens of others) never solving my problems, only taking taking …. I’ve had my loan in modification request for 3 months only to receive the run around. Not a single response from messages left, being placed on hold ad infinitum, not a single piece of mail confirming my requests. …just a whole lot of ignoring me. So, good riddance to you! You deserve to go under Boo on you
ID
Location
Los Angeles, California
Lied about the loan
I received a loan from Indymac Bank in 2006. I was told at the time when the house was appraised that it was fenced (not, cost me $1,800). When the loan was ready to be signed I was told the interested would be re-adjusted once I got to AZ, I was living in TN. When I inquired about it they acted like they did not know what I was talking about. I filled out a application for hardship and everytime I called they told me something different and could never talk to the same person twice. I'm not surprised they fell. I will be taking legal action aganist the company and the loan they gave me. This should be aganist the law!
4 comments
ID
Location
Bullhead City, Arizona
Will interests accrued up to the date CDs are closed at IndyMac?
I have 2 CDs at IndyMac and they total below the FDIC limit of $100,000. So, I'm not in a hurry to close my CDs since I know I'll get 100% of my money back. But anyway, I drove by a branch this morning and saw about 80 people waiting in line outside the bank. Things seemed to be in order and people looked calm. I didn't stay long enough to find out how fast the line moves or how many tellers are working inside the bank. If anyone has stopped by an IndyMac bank today to close your accounts, please share your experience. I'm interested in finding out if you get your interests accrued up until today when you closed your accounts (CDs especially). Thanks, Curious in Huntington Beach
3 comments
ID
Location
Los Angeles, California
Not paying employees
My husband was an UNPAID sales manager for the past 8 months with Indymac. Indymac didn't even have signs up on their 2 local offices until finally a month ago they completed signage at ONE of the 2 offices. None of the managers or employees could get answers about a multitude of things. It has been impossible to close LEGITIMATE loans with them leaving his employees in financial distress. My husband finally closed a loan in June and is anticipating being paid on the only loan he closed in the last 3 months on the 15th of July. Will he get paid?
6 comments
ID
Location
Meridian, Idaho
Loss
$2000
Did not get all my money
Stood in line for 4 hours today (went at 5:30am) had over $200,000. Got only 98,000. in return. Must make claim for the balance. A customer in front of me had over $500,000. in 3 accounts and only got $77,000. today. The FDIC rep. was nervous and could not answer questions all he kept saying was call the toll-free number and speak with a claims agent. When I got home the claims agent did call and stated that I was insured and to fax over a declaration form. I did that and will update this site as to when I get the balance. I was told it would take a few days. I want to pick it up will go back to the bank on Thursday, if I have to , to see if it has been released.
5 comments
ID
Location
Irvine, California
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It wont let me show my email how about this way its drazzrules and that would be at yahoo
HEY ALL OF U EMAIL ME IF THIS HAPPEND TO U Drazzrules@***.com im looking into a lawsuit over this ( maybe class action??) thanks
How can we fight for our rights. What can we do to remedy this problem. They offered me 9.8% without no other options.
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.
I think Tammy meant "ditto". But Indymac has done this to many people. Me included.
Dido......same thing to us.
THEY DID THE SAME *** THING TO US!!!!!!!!!!!!!!!!!!!