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I have a question about Indy Mac Bank mortgage company, can you help here?

Written By: admin on June 24, 2009 2 Comments

My grandma is 79 years ancient and she was in the process of getting her mortgage payment lowered because she pays ,000 a month on a variable rate. This was 3 months ago. Now since Indy Mac Bank has gone under, can anyone predict what will happen?


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2 Responses to “I have a question about Indy Mac Bank mortgage company, can you help here?”

  1. mortgage underwriter on: 24 June 2009 at 11:55 am

    If she was still in the process of the loan application, they will not fund the loan. If the loan funded prior to Fed’s taking over, she will receive a notice on who will be taking over the mortgage. She will owe the money to some company, it doesn’t just go away. The new company must abide to the note that your grandmother signed, they can’t change the terms.

  2. I have a question about Indy Mac Bank mortgage company, can you help here? on: 24 June 2009 at 8:28 pm

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