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07-25-2008, 11:47 AM
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Senior Member
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Join Date: Nov 2007
Location: Floribama
4,000 posts, read 2,009,160 times
Reputation: 1190
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IndyMac
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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07-25-2008, 01:14 PM
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Mortgage Banker & Broker
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Join Date: Aug 2007
Location: Cary, NC
1,036 posts, read 685,797 times
Reputation: 386
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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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07-26-2008, 10:24 AM
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Senior Member
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Join Date: Nov 2007
Location: Floribama
4,000 posts, read 2,009,160 times
Reputation: 1190
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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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07-26-2008, 09:54 PM
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Member
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Join Date: Jan 2008
24 posts, read 10,008 times
Reputation: 19
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Quote:
Originally Posted by southernnaturelover
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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07-27-2008, 08:59 AM
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May Satan rock you all!!!
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Join Date: Jul 2007
Location: NY
6,676 posts, read 2,207,468 times
Reputation: 1188
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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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07-27-2008, 02:05 PM
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Senior Member
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Join Date: Apr 2008
Location: Arkansas, USA
304 posts, read 177,690 times
Reputation: 59
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Quote:
Originally Posted by southernnaturelover
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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