IndyMac Loan MOds back in July - Loan Modification Forum

newyorker4 · 10-20-2008, 08:04 AM

Hello all ( and ***)

***: just spoke to Indymac again...... They still claim that they are 45-60 days behind in processing all mods. And mine should update soon.
Now mind you; I send mine back to them in July. My account is still not updated and they are still reporting past due to all three credit agencies. As of August 1st, I should not be past due. Do you think I should hire an attorney? They are bound to honor this mod, right?

Moe Bedard · 10-20-2008, 08:35 AM

See if you are able to get in touch with Eric and if he can escalate the processing of the modification.............and yes they should honor it......

Eric Friedman
SVP, Loss Prevention
Default Risk Management
Phone: 1-512-250-2776
Fax: 1-626-432-8802
eric.friedman@imb.com

Cali5 · 10-22-2008, 09:26 AM

Newyorker, will you keep us updated. I also just sent my approved loan mod last week. The person I talked to from Indymac did said it will take 45-60 days to update everything as they are processing massive amounts of loan mods and that they don't have enough man power to process them all. Also I believe the form 4506T takes a long time to receive back. But in your case it's been over 3 mos. That is a long time. Please let us know your progress. Thanks.

10-20-2008, 08:04 AM	#1 (permalink)
newyorker4 Member Join Date: Jul 2008 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	IndyMac Loan MOds back in July Hello all ( and *) *: just spoke to Indymac again...... They still claim that they are 45-60 days behind in processing all mods. And mine should update soon. Now mind you; I send mine back to them in July. My account is still not updated and they are still reporting past due to all three credit agencies. As of August 1st, I should not be past due. Do you think I should hire an attorney? They are bound to honor this mod, right?

10-20-2008, 08:35 AM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: IndyMac Loan MOds back in July See if you are able to get in touch with Eric and if he can escalate the processing of the modification.............and yes they should honor it...... Eric Friedman SVP, Loss Prevention Default Risk Management Phone: 1-512-250-2776 Fax: 1-626-432-8802 eric.friedman@imb.com __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

10-22-2008, 09:26 AM	#3 (permalink)
Cali5 Senior Member Join Date: Sep 2008 Posts: 66 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: IndyMac Loan MOds back in July Newyorker, will you keep us updated. I also just sent my approved loan mod last week. The person I talked to from Indymac did said it will take 45-60 days to update everything as they are processing massive amounts of loan mods and that they don't have enough man power to process them all. Also I believe the form 4506T takes a long time to receive back. But in your case it's been over 3 mos. That is a long time. Please let us know your progress. Thanks.

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