I am writing with the hope that you may be able to assist me with my mortgage crisis. My mortgage lender is Indymac Federal Bank. I currently have a 30year conventional loan with a 6.8% interest rate. In July of 2008, I applied for a loan modification with Indymac Federal Bank. I applied for the modification because my husband was ill and was unable to work-full time. I was working full time but the payments were a struggle. I was denied the modification because Indymac stated that I did not meet the investor’s guidelines. Indymac would not tell me what those guidelines were or who the investors were. On December 31, 2008, I was laid off from my job. On February 10, 2009, I applied for another loan modification with Indymac. I was denied again. This time Indymac stated that I was denied because I did not have a job and that I did not meet the investor’s guidelines. (I supplied them with my husband’s income and my unemployment compensation). Indymac Federal Bank representatives stated that there is nothing that they can do for me until I gain employment. Indymac refused to work with me and I was denied a loan modification when I was employed and then denied again because of unemployment. Indymac has red-flagged my account with a note that says “the customer will call in when she is employed.” With the economy the way that it is, my job search has been extremely challenging. My mortgage is two months behind and I am on a temporary forbearance payment that ends in March. If I do not gain employment by March and if I am not able to get some type of loan modification, I may lose my home to foreclosure. I have three children and no where else to go. I know that the President is working on a mortgage relief plan that will be effective in March but Indymac representatives stated that I still may not qualify for his plan and that I will not qualify if my mortgage gets behind three months. At this time, I am turning to you for help. Kindly assist me and let me know if you have any suggestions as to how I can keep my home.
God Bless America!
