Many folks are filing injunctions against their lender, especially if the loan was "sold" to a different lender, like Indymac Loans were sold to Onewest Bank, and Countrywide loans were sold to Bank of America. The new bank does not have easily accesible the original promissory note that you signed. According to most law, the lender that is foreclosing must produce and hold the original promissory note. This is convoluted with the MERS assignment system. Google internet attorneys that can show you how to file an injunction. There are samples online. Don't get sucked into paying some of these rip off companies that want to only provide information to you
I have 4 Indymac non owner occupied loans. 5 months ago Indymac told me that they would eventually begin modifying the loans. Then when I called to get help, they said they do not modify non owner occupied loans. Although I have been making payments when I could, they do not apply the payments to the loan if you are behind. They put the payments in "suspense" and when they post the foreclosure notice on the dwelling, it does not show all the payments you have made, which leads the tenants to believe that you have not made the payments, gets them disgruntled... I asked Indymac what they were going to do with the 3 payments that they held in suspense, and they said after they foreclose they will apply them to the loan. Is this because they can show paperwork to get reimbursed by Stimulus money that I owe more than I actually did?
Watch this video and find out why, as it explains why Indymac and Bank of America want to foreclose on you instead of modifying your loan.
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We need to begin a class action suit against Indymac and Onewest Bank. Anyone care to join? Email (Redacted)
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