April 2017 by royalsamurai1
"IndyMac is a disgrace" "Where do I start with this bank....?" We almost lost our home to this bank had it not been for my perseverance and unfaltering commitment to staying the course we would've. I compressed all my notes (500 pages) for this "brief." This started several years ago, when we fell into the "economic hardship" along with millions of Americans in this country during the housing catastrophe. I recall seeing entire families lose their entire investments, jobs, and homes. The bailout money given was used for further investments as well as lucrative bonus to their top executives (60 minutes). These banks have been exposed with "Robo signing" of loans without fully investigating as to whether or not homeowners were qualified to purchase homes (60 minutes) as well as shoddy paperwork in giving loans at higher rates..... "In my particular case, my home depreciated along with loss of income. I requested for a remodification." These institutions play games with you. They told me more than once that they have my packet then made me "jump through hoops" by requesting I resend the same paperwork because they didn't have it even after I sent them certified. They must be laughing in the back room when they tell each other what they did. Having spent hundreds of dollars (certified, return receipt, additional copies, notary) in sending correspondence to INDYMAC over the years (submitted close to a dozen applications, every time, they said I was qualified and to "resubmit") only to learn it was all for not and discovering that these people were just playing games with us. Getting back to my story, I finally spoke with someone (anonymous) who said, I quote, "if you want your application to be reviewed, stop paying your monthly?!" I thought how absurd. He added, which later made sense, "Why should the bank consider you for a modification if you are making your monthly payments on time...." He said. "The loans that are in delinquent status are seen first and those that aren't, are tossed aside!" (End quote) I was furious at hearing this and was more committed than ever. The loan officer who handled our paperwork inaccurately stated that we earned more than we actually did and when I tried to correct his account I was called a "liar." (Over the phone) Now don't get me wrong, I can take being called a lot of things but "when you call me a liar, it's on." Of course they would never give me a number to their legal department because it wasn't allowed according to this case worker who was eventually fired and replaced. I started a vigorous "writing campaign" which lasted almost a year to the "Members of the Senate Subcommittee Office in charge of Housing along with Congressmen & women and all Federal Housing Enforcement Agencies responsible for monitoring the banks. Over 100 letters were drafted and sent out to include notes. I also presented my case to an attorney who specialized in false foreclosures and stated because my case was solid (paperwork evidence of original loan with signatures) he would represent us "Pro Bono." All this pending legal action was relayed to an IndyMac case worker. My letters along with my pending civil action paid off because almost a year to the date in which I started this letter campaign, the bank assigned a "Loan Mitigating Specialist who straightened our hardship paperwork out to reflect our true income and we were remodified. These institutions are crooks and in no way have an interest in helping homeowners who are struggling. Had it not been for my pending lawsuit, the banks would've foreclosed... Congress threatens actions to no avail and it's still business as usual.