Is Indymac bank scaming 1st time home buyers.
with forclosure at a all time high, many 1st time buyers here on long island see this as a oppertunity to be able to afford a home on long island, but banks like indymac are making it close to impossiable for 1st time home buyers to buy a forclosure,my sister is trying to purchase a home in suffolk, and wells fargo bank has pre-approved them for a mortgage. indymac is only giving them 5 days to sign a contract and only 30 days to get a mortgage, there after they will be charged $100. a day until they close, but here is the problem indymac wont produce for them a copy of the deed, and with out that they are unable to get a house inspector to inspect the house, with out a deed there could be alot more expenses. how can indymac insist buyers to sign a contract without 1st provieing that they have the rigth to sell it, and then fine buyer $100. per day. the selling agents wont give any aisstance either.
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
