Class-action lawsuit is latest woe fo...

Class-action lawsuit is latest woe for IndyMac

There are 73 comments on the Pasadena Star-News story from Jun 12, 2008, titled Class-action lawsuit is latest woe for IndyMac. In it, Pasadena Star-News reports that:

IndyMac Bancorp Inc.'s troubles have gone from bad to worse. The Pasadena-based bank - already battered by fallout from the subprime meltdown, mounting home foreclosures and tightened credit standards - is now ...

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Mike

Beaver, WV

#65 Apr 13, 2012
I hear all of you. These people will not stop and continue destroying everyone’s life. They have no honor, integrity or ethics. They are not held to any standers.
Everyone should call HUD and Federal Reserve - and request an Office of Inspector General (OIG) investigation and demand OWB/IndyMac be audited.
Call your congressman and demand accountability for the money they received to save mortgages. Have them conduct and oversight investigation.
Don’t stop and don’t give in. Expose them….

Since: Sep 11

Pasadena, CA

#66 Apr 14, 2012
Mike wrote:
Indy Mac are thieves. We have been trying to get a loan modification for over a year and we have deined twice for no specific reason we even hired a law firm.We are in arm mortgage and we owe more on the mortgage than the house is worth. I want to sue them and it is putting undo stress on my marriage.
If you are in an adjustable rate mortgage, then YOU knew the rules and what could happen. If you didn't know the loan terms...that is YOUR fault and responsibility. The fact that the value of the house has decreased is not your fault, but it is NOT the bank's either. You took out the loan, and YOU have the responsibility to honor your commitment. The banks have NO obligation to take on the loss because YOUR home purchase lost value.

Since: Sep 11

Pasadena, CA

#67 Apr 14, 2012
BIll wrote:
Hi Cheryl,
I agree with your assesment of IndyMac Bank. They are a bunch of crooks, liars, theives, and generally dishonest people. They have no intention of helping people modify their loan. They are now a part of OneWest bank. Also, be careful of these lawyers that are promising relief from foreclosure by joining their "mass joinder" lawsuit. I have also got scammed by a California based law firm that goes by the name of "K2Law". I am now working with the California State Bar Association to recover my $3500. The Cal Bar seems awful slow in moving to recover my money even though the evidence is overwhelming that their was serious misconduct. They say it may take from a year to a year and a half to get a judgement against them. Do not join a mass joinder lawsuit for a fee. There should be no fee to join a mass joinder lawsuit. Also beware of o group called "Veritas" in California. They are nothing but a scam also.
You need an education. One West Bank is a NEW entity that bought the Indy MAc assets. They did NOT buy Indy Mac bank. The conduct of Indy Mac is separate from and unrelated to One West. The FDIC took control of Indy Mac, and the FDIC retained the liabilities.

Since: Sep 11

Pasadena, CA

#68 Apr 14, 2012
Mike wrote:
I hear all of you. These people will not stop and continue destroying everyone’s life. They have no honor, integrity or ethics. They are not held to any standers.
Everyone should call HUD and Federal Reserve - and request an Office of Inspector General (OIG) investigation and demand OWB/IndyMac be audited.
Call your congressman and demand accountability for the money they received to save mortgages. Have them conduct and oversight investigation.
Don’t stop and don’t give in. Expose them….
Go ahead and call the Feds. The FDIC shut down IndyMac, and eventually sold the assets to a NEW entity, One West Bank. The FDIC retain the liabilities of the old IndyMac. The issue here is that many of YOU homeowners got ARM loans, and failed to know the terms. Many got loans based on stated income, and NOT verified income...that means many of YOU lied about income. The current economic downturn has affected home values, but that is NOT the responsibility of any bank. YOU and YOU alone are responsible for repayment of any loan that you signed for.

Most of you are in default, behind in payments, etc. and you expect the banks to take those losses with NO repercussions to you. The only people who deserve ANY help are those who were directly affected by the economic downturn with a loss of income that can be verified. I currently work in a law firm that specializes in business litigation, and it always amazes how many people file lawsuits on their foreclosed properties, and yet have gamed the system at every turn to their personal advantage to avoid their responsibilities.
Lisa R

West Sacramento, CA

#69 Apr 14, 2012
Hi Lori
I'm just curious to know how things turned out for you? Better then they did for me, I hope.
Lori in California wrote:
The same thing happened to us!! However I'm hear to tell you our sale date was 10/6/2009 and we are still in our house and being told as long as we don't move out we have a a fighting chance!! So as hard as it is ( I know, I have 2 small children too) enjoy your holiday and follow up after. I'm looking to sue after they were judged againest in NV. I kinda feel for once I might have a chance to keep my house?!?! <quoted text>
Jason

Auburn, CA

#72 Jul 13, 2012
Yes if there are any lawyers out there or class action law suits to sue Indymac I want to join

email any info at:

[email protected]

Indymac does not help anyone they do illegal practice in everything!!!!
kari

United States

#73 Jul 27, 2012
Walter wrote:
My office, in conjunction with two other lawfirms, filed a class action lawsuit in Los Angeles Superior Court on October 13, 2010 alleging, in essence, that IndyMac/OneWest's loan modification program was fraudulent to the extent that IndyMac/OneWest never possessed a good faith intention of ever granting loan modifications for borrowers who had non-Agency loans.
Please contact me by email at [email protected] It would be very helpful if you knew if your loan was Fannie Mae or Freddie Mae but if you do not know, we can find out for you.
I would like to join a class action suit against indymac
I have a option arm loan was denied modification and I'm retrying for restructuring of the loan with a law firm but I don't feel good about it
Mike

United States

#74 Jul 27, 2012
IndyMac sucks! I hope they go out of business!
kari

United States

#75 Jul 27, 2012
dnaden wrote:
<quoted text>
If you are in an adjustable rate mortgage, then YOU knew the rules and what could happen. If you didn't know the loan terms...that is YOUR fault and responsibility. The fact that the value of the house has decreased is not your fault, but it is NOT the bank's either. You took out the loan, and YOU have the responsibility to honor your commitment. The banks have NO obligation to take on the loss because YOUR home purchase lost value.
you are so stupid its not as straightforward as you are saying no one wants to negate their responsibility for these loans its the predatory and trickery that these banks loan people why they need to make some amendment good for you if you don't have this problem
kari

United States

#76 Jul 27, 2012
dnaden wrote:
<quoted text>
Go ahead and call the Feds. The FDIC shut down IndyMac, and eventually sold the assets to a NEW entity, One West Bank. The FDIC retain the liabilities of the old IndyMac. The issue here is that many of YOU homeowners got ARM loans, and failed to know the terms. Many got loans based on stated income, and NOT verified income...that means many of YOU lied about income. The current economic downturn has affected home values, but that is NOT the responsibility of any bank. YOU and YOU alone are responsible for repayment of any loan that you signed for.
Most of you are in default, behind in payments, etc. and you expect the banks to take those losses with NO repercussions to you. The only people who deserve ANY help are those who were directly affected by the economic downturn with a loss of income that can be verified. I currently work in a law firm that specializes in business litigation, and it always amazes how many people file lawsuits on their foreclosed properties, and yet have gamed the system at every turn to their personal advantage to avoid their responsibilities.
first of all I make good money and my income was not inflated to qualify for a loan you probably need to get your facts straight before speaking and not because you wk. In a law firm means you know everything there's lots of people whose situation is different and frankly you sound quite stupid like the idiotic congress who can't get anything done in Washington we are honest people who want to be responsible for our responsibilities in a reasonable manner
kari

United States

#77 Jul 27, 2012
Jason wrote:
Yes if there are any lawyers out there or class action law suits to sue Indymac I want to join
email any info at:
[email protected]
Indymac does not help anyone they do illegal practice in everything!!!!
I'm also interested in joining a class action suit against one west bank (indymac bank) contact me at [email protected]
Rich Caldarone

Kailua Kona, HI

#78 Aug 6, 2012
IndyMac Bank along with the employees of One West Bank should be facing JAIL TIME for Deceptive Trade Practice(telling their clients they 'make too much money' and then make 'too little money'.That's ILLEGAL!They're running rampant through Hawaii ! One lady I know if has had 11 homes Foreclosed by this EVIL Bank !They won't tell me where my Promissory Nor is in 2 RESPA letters sent by my lawyer.Aren't they suppose to fined by HUD ?They know we got caught in a 'Ponzi Scheme' and also are a victim of 'Predatory lending' and have refused to modify our loan 3 times !We're currently trying to get our loan remodified with the lender(Fannie Mae).There's over 600 people waiting to go to court for Foreclosure on the Bigh Island of Hawaii.Tere should be Class Action Lawsuits against the States for 'Aiding and Abetting' the Fraud of the Banks !That would put a STOP TO THE CROOKED JUDGES IN EACH STATE !
mah

Burke, VA

#79 Oct 2, 2013
hi,,,I got my constraction loan on 2006-2007 finished my construction on may 2008,and living in there since may 2008.
indymac bankrupt 2008 ,and my loan never become permanent loan ,I paid my mortgage to one west bank till oct 2012 i found one west bank and indymacventura llc donot own my title ,and they donot have chain of title,no credit report,and they are only loan servicer ,and they try to foreclouse my home without being my lender ,and choose substitute trustee for my home without being lender .is this legal can bank forclouse my home without title,chain of title,credit report,not being lender ,and being only mortgage servicer.

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