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Old 07-25-2008, 11:47 AM
 
Location: Floribama
13,498 posts, read 29,454,867 times
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Do any of you have a Indy Mac mortgage? My mortgage started with Quicken but was acquired by IndyMac about a year ago. So far I have not gotten one single letter or phone call about the FDIC takeover.
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Old 07-25-2008, 01:14 PM
 
Location: Cary, NC
1,036 posts, read 3,628,214 times
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You may not get one either... everything should stay the same on your mortgage. You keep paying it until (if it happens) your loan gets sold to another servicer. It would be nice for IndyMac to inform all their clients about the situation, but I think they are too busy trying to cover themselves to worry about customer service.
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Old 07-26-2008, 10:24 AM
 
Location: Floribama
13,498 posts, read 29,454,867 times
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Yeah I think you're right. My payment is auto drafted, but on the monthly statement it doesn't say anything about the situation.
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Old 07-26-2008, 09:54 PM
 
39 posts, read 66,812 times
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Quote:
Originally Posted by southernnaturelover View Post
Do any of you have a Indy Mac mortgage? My mortgage started with Quicken but was acquired by IndyMac about a year ago. So far I have not gotten one single letter or phone call about the FDIC takeover.
I have a property w/IndyMac (formerly my primary residence, mortgage was initially w/Chase which later sold to IndyMac). I've also not received any coorespondence; I'll keep sending payment as usual until I'm notified otherwise. I must say it is strange to intiate a payment to a "payee" that is no longer in business.
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Old 07-27-2008, 08:59 AM
 
Location: NJ/NY
10,634 posts, read 16,213,780 times
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Everything is exactly the same. You'll get a statement exactly the same as you've been getting in the past. I always paid my mortgage online, and that is set up exactly the same way as well.
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Old 07-27-2008, 02:05 PM
 
483 posts, read 1,360,949 times
Reputation: 195
Quote:
Originally Posted by southernnaturelover View Post
Do any of you have a Indy Mac mortgage? My mortgage started with Quicken but was acquired by IndyMac about a year ago. So far I have not gotten one single letter or phone call about the FDIC takeover.

My case exatly, but if you go to their website it tells you to keep making those payments as usual until further notice. This seems to really only be a big concern for those who have deposit accounts over the insured limits with IndyMac.
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