ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Watch Out-IndyMac- One West Asking for Money To Stop Foreclosure!!

Updated on November 25, 2009

Buyer Beware

Indy Mac Bank- One West did not want to speak with me, when I had a valid reason in August of 2008. All my attempts to deal with this Company fell on deaf ears.

Indy Mac served foreclosure papers February of 2009. I have asked Indy Mac over and over, who the actual Lender is for my mortgage, and they play stupid. I know that they are a servicing agent for someone, and my payments were being sent and split for over 1 year.

I had the pleasure of receiving a call from them today, and I was as stupid as they are. A lady from India first called to warn me that my house will be going into foreclosure. I informed her that she must have been sleeping for over a year.

The second lady requested that I could pay Indy Mac over $12,000 to clear my foreclosure, or I could have a re-instatement. I asked what was a re-instatement and they did not know.

Why would any person with their mental abilities intact, who knows that there house is in foreclosure pay the servicing lender any money, and not even know where the money is going.

In my opinion this is an attempt to collect money, and still foreclose the property. In the State Of Florida the courts have to be certain that the legal holder of the original note is the party foreclosing, and Indy Mac Bank has been dancing around this information for 15 months.

I advised IndyMac Bank to keep foreclosing through the court, since it has been in the court system since February 2009. IndyMac Bank has been increasing the loan amount from the beginning, so the original amount borrowed is not the same amount due.

I suggest that Indy Mac Bank continues to deal with the Court, win the foreclosure and sell the house for what they can get in the market now which is estimated at a small fraction of what is owed. This entire mess could have been easily negotiated with a 30 year fixed rate mortgage offered, but because the lenders, who ever they are are greedy money hungry pieces of trash, they felt that they would make more money with their scamming five year, negative arm loan.

I accept full responsibility for not catching the mistakes in the loan in the first place. I have never dealt with crooked Lenders, as I was in the business 16 years ago. My original loan application does not exist, as it was changed to create a higher income, and the appraisal was inflated.

I have read that the entire market crash and deceptive practices were done on purpose, and after many months of research I have found factual truth to warrant my allegations.

My house is in the hands of the Court. I want the Court to render the decision, and if the house sits empty for one hundred years, that is fine with me. Why would I trust this servicing lender, or believe anything that comes out of their mouth?

Indy Mac Bank does not abide by any rules, even those written in the mortgage note. The Borrower is suppose to be notified if the servicing lender wants to do an inspection. they knew where I am, since I relocated for a temporary position in another county. Indy Mac bank went and broke into the property to winterize a Florida home.

Indy Mac Bank is trying to collect a debt and attempting to pretend that  the money paid to them will stop a foreclosure. I do not believe them or trust them, and never will again.

Good luck in court, you will get what you deserve.


Submit a Comment

  • profile image


    6 years ago

    this article is exactly the same experience that i have had. my life was complete after i built my dream home on 20 acres of forest. my downfall was beleiving a plan that a broker sold me on. i had no experience in this stuff and was naive enough to think the law would protect us when it came to mortgages.well....i ended up with indymac bank. downhill and finally rec a modification which was worse than the original but it bought me time. now im waiting forclosure and hired a lawyer who gets the mort payment..indymac sidesteps every request for qwr,s and other info etc upside down gonna drag every iota of info out into the open through court, im going to post all my paperwork,names addresses and info ive researched in last 3 struggling years ....and continue to sue after u get the home.....thanks for all the sleepless nights, divorce and stress......yours is me.

  • profile image

    National Shame 

    8 years ago

    The "new & improved" Indymac (aka One West Bank) starts right where the same crooks using a different name ended. You WOULD NOT believe what they're pulling in the REO Market.

    Unfortunately, its the same poor schmucks purchasing One West Bank REOs that got screwed the first go around through Indymac (before it changed its name to One West).

    It is truly shameful what this company is doing. And ANYONE who enters their ridiculous REO Addendum is either sadly ignorant or woefully misled.



This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)