Anonymous
map-marker Ontario, California

Indymac has 'absorbed' their fee for the last time!

i typically do all my banking online but i the last 6 mnths or so we had a fam illness & a loss. even w/ all the upheaval, i know this is my prsnl issue, so when i've realized that my online pymnt wn't mk it by the 15th w/o late fees, i go into a brnch; like that mattered. 3x's they have chrg'd me a $95.81 late fee!!! rep on the phone cldn't get my name right. the 'collection' rep's that call my hm can barely spk english, but boy they'll tell you that you'd better make a pymnt or "suffer the consequences". i loved indymac, but 2dy was the last straw- telling me that they'll "absorb" or "waive" the fee, as tho they were doing me a favor. i'm online shopping to refi right now!
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4 comments
Guest

so sorry that neither of you can read... maybe this is your only source of entertainment & for that, i feel such pitty for you...

the issue is that the payments were made on time, directly in the branch so that i honor my obligation & avoid a late fee... maybe u 2 shld hookup @ mcyd's or would that tear you away from the computer?

Guest

Your online shopping for a refi? Why, because the rep didnt pronounce your name correctly and they used the words that made it sound like they were doing you a favor by waiving your late fee?

Get a f'n life. The bank is doing you a favor by waiving your late fee. Did you have the cash in your bank account to pay for your house yourself? Obviously not which is why a bank had to lend you the money.

When you borrower money you agree to pay it back and part of that agreement is to pay it on time. You said you were charged 3 late payments right? Well obviously you neglected your payment 3 different times. Regardless of the personal issues that happen in your life, there is no excuse for having 3 late payments.

Sounds like the bank waived it all three times for you as well. You should be kissing their *** not shopping around for a new loan. Given your proven track record of paying your mortgage on time you can shop all you want and still probably wont qualify for a new loan anyways.

Wake up people. Take responsiblity for your own stupidity.

Guest

Hey omg do you know for sure that the person above has a mcmansion? Did you not read(though the spelling sucks) that the person had hard times with death in family and what not?

The person called in advance knowing unexpected expenses came up and was going to be late on payment, its called asking for help!!!!

There is no harm in asking bank to waive a late fee if your a good customer in good standing...Appears your above having hard times and quick to condemn others. Sure hope you dont live in a glass house!!!!!

Guest

obviously your payment is due on the first of every month and normally there is a 15 day grace period but that does not negate the fact that it is DUE ON THE FIRST. i realize emergencies happen, but when you know it is a monthly expense YOU HAVE TO PAY cuz you signed a document at closing stating you understand this fact....what the EFF are you doing waiting till the last minute and then blaming the institution for your obvious negligence? or can't you afford your mcmansion now and the $95 late fee breaks you and you have to choose between that or the gas for the bentley?

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Anonymous
map-marker Los Angeles, California

They do not return my mortgage payment checks

I just got a mortgage with indymac bank. I received a call from their computer at 8:45 at night requesting a phone call from me. I called the next day and heard for the 1st time that if I send them a check, they will not return it to me. If I want a paper record of my check, I will have to pay $10.00 for that service. I am horrified. I am interested in knowing if anyone else knows the corporate phone number to speak to someone in charge. I would appreciate someone writing to me. Thanks, Jan@***.com
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Robert M Awy
map-marker Pennington, New Jersey

Indy Mac Bank sucks you in

I heard a lot of good things about Indy Mac, so I thought I would refinance with them after I became disabled. I explained my situation to this woman about being on disability a fixed income a 10-year-old daughter and a wife with carpal tunnel in her hands from trying to work 2 typing jobs to help out with the finances. I also explained that I was medicated with pain pills because of this disability. I needed to consolidate some bills to keep me on track. She said she had the perfect plan. Pay off some loans and refinance in 2 years for a better interest rate, after sighing all of the papers and paying all off these loans off I think I am sitting pretty. Well this lovely woman set me up with an early pay off penalty for 2 years and on my 2-year anniversary the loan would become adjustable. Nice person. Now after telling them I am on disability with a fixed income you would think they would have given me a fixed rate. No now my interest rate just shot up to 11 percent. When I called to refinance they were going to charge me 3000 dollars for being early. Now I tried and my credit is bad so they won't do anything for me. I guess I am going to loose my house to these money vampires.
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MCRAND c
map-marker Capitol Heights, Maryland

Short Sale denied after being approved

In today's market with all the foreclosures that are taking place it's wonder that any bank would consider a short sale on a property that isn't worth today what the purchaser paid for it. I am a Realtor and wrote an offer on a property back in late October 07, the house was listed for $490K our offer was $450K with the buyer paying all their closing costs. Later on in November the listing agent reduced the price of the house to $440K without my knowledge. We thought to ourselves that our offer wasn't a deal after all. So we submitted a new offer to Indymac for $400K and they countered to $410K. With the counter being accepted we thought we were good go to settlement, not the case. Indymac denied the sale due to some wrong doing by the seller. Apparently the had purchased the home as their primary resident and found out after our offer was accepted that it was purchased as a investment property. The buyer had giving his notice to his landloard to move, took funds out to pay his closing cost ect... Indymac said that they were now not going to approve the sale because they were not going to let the seller off the hook by approving the sale, that they were going to foreclose on her instead of letting her out of the loan. To me this is not fair pratice and we are shocked and upset with Indymac's decision after many weeks of negotiating the sale of this home.
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2 comments
Guest

Howie,IMB lied to the seller when they applied for the loan. The loan document stated that \"this bank\" would lend their money to the seller to buy the house.

IMB never loaned any of its own money to the seller. Actually Indymac probably had less than 10% of the amount in capital but created the the rest from thin air like every other bank in the US and UK. If you understand our banking system and the fractional reserve banking rukes they use you would understand that actually Indymac lent the seller less than 10% of their own money but collected interest on the loan for 100% of the loan. That is fraud.

But because it is a corporation in a industry that has the goverment in its pocket , they get away with it. While the normal joe like the seller gets bashed for not paying a bill on time. Howie you sound like they got you doing exactly what they want you to do, bashing everyday people so the banks can continue their practices.Do your own research.

Find out for yourself.Google \"Money as Debt video\". That will get you started

Guest

So IMB finds out the seller lied on their original app to get a better loan and once they catch this they decide they are going to make the owner take responsiblity for this by foreclosing and you say this is bad business practice just becuase your buyer is out a little money. First off as a realtor you know that there is always more risk when dealing with short sales, such as this little problem that arised.

Second what should IMB do? They were already set to lose 100k becuase of a white trash, dead beat borrower who couldnt pay their bills. Should they just let the owner of the house get away with lying, lose thousands and nothing should happen to the seller? Thats exactly what would have happened.

F that. That sorry SOB has to pay. He should receive 3 turkey slaps to the chin for each month he made a late payment. From the way it looks, the giver of those turkey slaps is going to have one sore Johnson, cause this guys was most likely late 12 or 13 times.

Thats at least 36 wacks from the ***. Thats going to be one swollen purple headed monster.

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