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Jule215 · 03-17-2009, 01:03 PM

I'm 3mo. behind with Indymac, and they've asked me to send in payments that are aprox. 20% less than my original for 3 months, and THEN they'll look at a modification.

I'm not going to do it, because my modification would need to be greater than that, and I don't have the extra cash to send them for 3mo., and then either be denied, or have a less than satisfactory offer made to me.

However, I don't think it's out of the norm for them to ask you to make "good-faith" payments...Seems fairly commone, from what I've read.
Maybe someone else has more knowledge of the company you're dealing with and can advise you better.

( And I have offered to make payments while waiting for the modification to go through, but I've offered 38% of my income, and they aren't going for it yet, so we'll see).

03-17-2009, 01:03 PM	#3 (permalink)
Jule215 Senior Member Join Date: Mar 2008 Posts: 121 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: SPS/Green Tree I'm 3mo. behind with Indymac, and they've asked me to send in payments that are aprox. 20% less than my original for 3 months, and THEN they'll look at a modification. I'm not going to do it, because my modification would need to be greater than that, and I don't have the extra cash to send them for 3mo., and then either be denied, or have a less than satisfactory offer made to me. However, I don't think it's out of the norm for them to ask you to make "good-faith" payments...Seems fairly commone, from what I've read. Maybe someone else has more knowledge of the company you're dealing with and can advise you better. ( And I have offered to make payments while waiting for the modification to go through, but I've offered 38% of my income, and they aren't going for it yet, so we'll see).