Indy Mac / One West Bank is basically refusing to work with me on a solution to my mortgage. I fell behind on my payment a year ago after they paid my property taxes in January for me, I didn't have escrow set up and I had been living in my home for 4 years prior to this which each year I paid my own taxes around January or February; When I went to make payment for my taxes I was told that my mortgage had pay them two days prior. I then Called the mortgage company and try to repay them the amount of my tax, which then they added escrow to my account and wanted an additional $4,000 dollars to cover escrow and past due taxes.
I did not have the money to cover the additional amount and had just recently had through a divorce and loss of income. My payment went from $1475 per month to $2,600 something which I could not cover. I then applied for a home loan modification which kept my payments at $1500 per month and which took almost a year to find out that I was denied.
At that time I put my home on the market for sale and attempted to do a shortsale after a month on the market I got multiple offers which would cover the principal on the loan I submitted a COMPLETE shortsale package immediately but for some odd reason Indy Mac kept coming back saying the my Package was incomplete I sent them document after document which never got there and when they did they kept coming back and saying that it was incomplete even after another agent had acknowledged that they had received everything.
Well to my surprise without any notice I was told over the phone that I have a foreclosure date of the 2nd of February and that I have no other option but to be foreclosed on even after I submitted all of my financial information and made many attempts to shortsale or deed-in-lieu of foreclosure. I just got off the phone with Indy Mac and they are refusing to work with me and would rather foreclose on my home than to allow me to shortsale or give it back to them for deed-in-lieu of foreclosure.
I feel riped off and violated! I have never made so much effort to fix something and had every door slammed on my face! I see why everyone is being foreclosed on now days, it's like they rather destroy our economy and flood the market with millions of foreclosed properties with our tax dollars!
Indy mac was one of the first banks to default on the responsibility and got taken over by the FDIC. We bailed them out with the Obama Bail out plan which put millions of dollars into their pockets and now they don't even want to help people keep their homes or resolve the matter in a professional manor.
I think they would rather have more foreclosures in the pipeline in order to obtain more help from the government and the hell with the tax payers who will be paying for the bail out for years to come! Just like AIG, GMC and many other companies who have millions of dollars in revenue but keep asking for a hand out!!!
This is ridiculous and if you ask me is just plain and simple a rip off/theft!!
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