I was finally served...

[beachymama]

I have not made a payment since last June 2008. I have been trying since that time to get a loan modification with IndyMac. I have also worked with Hope Now and faxed, emailed and mailed IndyMac and FDIC to try to get something. IndyMac always said I was not eligible. I filled out paperwork online, over the phone, etc.

So last night, I found out my investor is Fannie Mae, and I was given 20 days to respond to the summons. I filled out my NACA paperwork and will be attending a workshop in Tampa on 4-4-09. I also talked to my Hope Now rep, he suggested calling IndyMac. I did. They offered me a forebearance plan for 3 months. Making payments equal to my mortgage payment for the next three months while they try to modify my loan. Uh.... the reason I cannot pay my mortgage is because it is too high and the taxes have doubled and I have reduced income due to ex-husband not paying child support for one year (lost income $34,200) and using credit cards to pay for the missing money until the credit cards said NO MORE CREDIT!

I don't understand the in-action of IndyMac to try and help me keep my home. I am getting to tired to fight anymore.

Guess it is time to foreclose and start the bankruptcy.

Is it better to foreclose first and then file Chapter 7??

[3littlebirds]

Hi beachymama...

I can't answer your question (sorry!) but we're with Indy too and although we're only just now missing our first mtg pmt, I've read a LOT of stories on another forum about people getting the runaround at Indy, different people telling them different things, etc...it's crazy how crazy these mortgage companies are making everyone who need help! We called Indy 2 months ago to say, "we're going to be in trouble" but since we weren't late they said we were S.O.L.

But really I just wanted to say hang in there!

[BKorbust]

First of all hang in there....

IMB despite all the recent good press is difficult to deal with. My recent request for a refi was denied because my home was worth less than I owe. That's Ok with me I knew that, now they do. I have yet to miss any mortgage payments with IMB or Citi (2nd, and unsecured). Under Obama's new plan I am eligible for a refi because my IMB loan is Fannie backed and I meet the other requirments. IMB seems cluleless every time I talk to them saying they are still waiting for guidlines and clarification. Citi is even more clueless than IMB. I look forward to that lien strip, I really dislike Citi.

I'd love to get my loan modified before my 13 but it's not looking promissing.