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My personal hell known as loan modification UPDATED
Beware of anyone offering you help to modify your home loan, especially those who claim they can get the balance lowered and find you a 3% loan. Loan modification scams abound. Unscrupulous people are more than willing to take what little money and hope you have left.
40 commentsOneWest Bank, IndyMac and Their New Owners all Need to Go To Hell
What I learned while trying to save my home from foreclosure.
199 commentsIndy Mac Bank locks me out of my house and I still own it!
My home went into foreclosure February of 2008, at all times Indy Mac bank knew where I was and had a phone number to reach me. Indy Mac Bank did not want to talk to me ever about any help or modification. I...
0 commentsWhich banks are in the most trouble now?
After Friday afternoon's news that IndyMac Bancorp was being taken over by the government and then reopened yesterday under the new name IndyMac Federal Bank, the worry on Wall Street and Main Street has grown...
18 commentsLoan Modification for IndyMac Mortgages?
A recent JP Morgan report clarified exactly what the FDIC meant by "principal forbearance." The FDIC approach is to arrive at a total HTI (housing-to-income) ratio of 38% for the mortgage holder of the...
4 commentsOneWest is OneEvil Bank
Well our National Shame IndyMac/OneWest Day held on January 4th did not exactly strike fear in the cold hearts of the investors of OneWest/OneEvil Bank. Our turn out of protesters was not what we had...
8 commentsMortgage Loan and Home Foreclosure Nightmare - Did Corporate Greed Play A Major Role?
The current mortgage loan and foreclosure problems sprung out of Corporate greed and gross consumer deceptions. The deceptions can be compared to category 4 storms. Without warning, they suddenly sprung up form out of nowhere! ripping through the...
0 commentsNational Shame IndyMac/One West Bank Day on January 4, 2010
Like many people in this country I am one of thousands, if not millions of homeowners, suffering and struggling with a bad mortgage . I have written a couple of blogs about my misadventures into the...
35 commentsIndy-Mac fast track Loan Modification Program will it help prevent foreclosure
The streamlined loan modifications will be available for most borrowers The loan modification is in position to help those who have a first mortgage owned or securitized and serviced by IndyMac Federal where the borrower is seriously delinquent or...
2 commentsIndyMac Bank Fell--Who’s Next? How to Protect Your Money in the Bank
One way to protect your money in the bank is to learn Karate and guard the bank with your own bare hands. Another, even better way is by surrounding your bank with barbed wire, getting a firearm, and not...
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