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Post by Prissy New Year!!! on Jul 15, 2008 18:40:29 GMT -5
Someone on here may know the answer to this question...
I have my mortgage through Indymac. Now that they have been taken over by the government and customers are lining up to withdraw their money...what are the chances they will just say screw it, and cancel my debt? I have really been hoping that in all the uproar, they will lose my paperwork, or mistakenly think that I have paid it off. What are the chances? Anybody know?
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Post by LogAKAlly <3'n Keef on Jul 15, 2008 19:01:35 GMT -5
Someone on here may know the answer to this question... I have my mortgage through Indymac. Now that they have been taken over by the government and customers are lining up to withdraw their money...what are the chances they will just say screw it, and cancel my debt? I have really been hoping that in all the uproar, they will lose my paperwork, or mistakenly think that I have paid it off. What are the chances? Anybody know? I AIN'T EVEN MADATCHA!!! I'D BE PRAYING TOO!!! |
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Post by Champs Elysees on Jul 15, 2008 19:09:05 GMT -5
Someone on here may know the answer to this question... I have my mortgage through Indymac. Now that they have been taken over by the government and customers are lining up to withdraw their money...what are the chances they will just say screw it, and cancel my debt? I have really been hoping that in all the uproar, they will lose my paperwork, or mistakenly think that I have paid it off. What are the chances? Anybody know?  |
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Post by Prissy New Year!!! on Jul 15, 2008 20:14:51 GMT -5
Someone on here may know the answer to this question... I have my mortgage through Indymac. Now that they have been taken over by the government and customers are lining up to withdraw their money...what are the chances they will just say screw it, and cancel my debt? I have really been hoping that in all the uproar, they will lose my paperwork, or mistakenly think that I have paid it off. What are the chances? Anybody know? I AIN'T EVEN MADATCHA!!! I'D BE PRAYING TOO!!! You called me out Soror, I was ashamed to admit that I have been praying for that to happen. I specifically wrote "hoping", but uh yeah, I have been praying, really, really hard... |
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Post by LogAKAlly <3'n Keef on Jul 15, 2008 20:40:07 GMT -5
Soror...I'mma pray with you!!
In fact, I'm using my prayer tonight for you!! ;D
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Post by frozenmenace on Jul 15, 2008 20:51:45 GMT -5
Prissy, I work for a bank. Believe me when I tell you that eventhough IndyMac is having its issues right now, they won't just "forget" about your mortgage. LOL!
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Post by Prissy New Year!!! on Jul 15, 2008 21:25:35 GMT -5
Prissy, I work for a bank. Believe me when I tell you that eventhough IndyMac is having its issues right now, they won't just "forget" about your mortgage. LOL! Yeah, but what do they care? They are done anyway. The amount I owe them is small in the grand scheme of things, they have bigger issues. |
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Post by Cambist on Jul 15, 2008 22:30:03 GMT -5
There are plenty of investors out there ready to snatch up your mortgage for pennies on the dollar. All you will notice is a change in who's name is on the note.
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Post by CrimsonENDvy on Jul 16, 2008 8:41:53 GMT -5
Yeah, what Froze said...actually, in the event of a bank failure really the only people who benefit are those with actual bank accounts, assuming the bank is FDIC insured. But nobody really benefits in the end, and the assets of the bank are usually transferred to either another bank that buys them or the FDIC.
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Post by Champs Elysees on Jul 16, 2008 17:38:33 GMT -5
Prissy, I hope you were listening to Warren Ballentine today. He said that although your funds are FDIC insured, they can take up to 97 years to pay you hei money in the case of a collapse! 
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Post by Prissy New Year!!! on Jul 16, 2008 19:01:36 GMT -5
Prissy, I hope you were listening to Warren Ballentine today. He said that although your funds are FDIC insured, they can take up to 97 years to pay you hei money in the case of a collapse! My money is not in Indymac. My mortgage is through them. I wonder if I can take up to 97 years to pay them in the event they completely collapse...  |
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Post by Prissy New Year!!! on Jul 16, 2008 19:03:48 GMT -5
There are plenty of investors out there ready to snatch up your mortgage for pennies on the dollar. All you will notice is a change in who's name is on the note. OK, so now I hear that the FBI is investigating them for mortgage fraud. Maybe I can sue them for damages claiming that I was taken advantage of. There is one small problem with that scenario though, I was the mortgage broker for my own loan...I gotta give this some more thought. |
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Post by B Strugg on Jul 16, 2008 19:15:16 GMT -5
This little booty shaking smiley is too damn much!! LMAO.....I laugh way too hard every time I see it...LMAO |
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Post by No Screen Name on Jul 18, 2008 10:17:06 GMT -5
I think my bank is about to go under.  I'm going to open up another checking account at a different bank to be on the safe side. |
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Post by T-Rex91 on Jul 18, 2008 11:46:14 GMT -5
USAA transfers 75% of it's mortgages to someone else for servicing so I'll be happy if this works out but I agree with Cam, same bill, different payee.
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Post by 100% Bajan on Jul 18, 2008 13:57:52 GMT -5
I hear WaMu is about to be a wrap. SMH
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Post by Prissy New Year!!! on Jul 22, 2008 11:37:00 GMT -5
I hear WaMu is about to be a wrap. SMH Not WAMU?!?! I love them. Oh well, I owe them money too.. |
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Post by 100% Bajan on Jul 23, 2008 8:50:09 GMT -5
LOL. Yeah thats what Im hearing! Alot of ppl have accts with them.
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.:I'm in love thirst, you are the quencher:. :..no time for fake ones...:{=}{/=}{=}{/=}
I'm going to open up another checking account at a different bank to be on the safe side.
