Indy Mac Sucks!

I am personally trying to work with Indy Mac Bank on completing a Home Loan Modification. After weeks of waiting on whether or not I will qualify, they blind sided me today with some ridiculous offer, that didn't even make sense! The numbers didn't even come remotely close to adding up and I was furious!

I apologize for not getting into detail being I don't want to exploit my personal life on this blog. The point I want to make is I have heard through the grapevine that Indy Mac Bank / One West Bank is very hard to work with when it comes to the home loan modification process. I want to CONFIRM these rumors as TRUE. This company is a bunch of idiots!

BEWARE!

Beware of Mortgage Loan Modification services!!!

I would like to report that yet another major loan modification company has closed it doors. Rumor has it that Save My Home USA out of Michigan was officially shut down by the Attorney General of MI. This being said, I have completely changed my thought process on mortgage loan modifications. DO NOT HIRE SOME ONE TO DO IT FOR YOU! They have to go though the exact same process you would to complete a loan modification. I DO RECOMMEND purchasing a loan modification do-it-yourself kit to lean the basic strategy and procedure of the loan mod process.


The best thing for you to do is call your lender's loss mitigation/loan modification dept and ask how to file for a loan modification. Then, with your do-it-yourself mortgage loan modification training, complete the process on your own for FREE! Stay away from any organization that wants to charge you more than a couple hundred dollars. If they do charge, make sure it is kept in an ESCROW account until your mortgage loan modification is completed.