Mortgage Forum

Joel Fraser

Hello...I've had an IndyMac mortgage (ARM) for almost three years. A week before signing the closing papers I called my broker and told him I was not comfortable with the loan situation and wanted to stop the loan process. He told me that I should not worry about the loan that to much work has gone into the loan to stop the process. I got a call within an hour from a repersentative from IndyMac telling me I can't or don't really want to stop the loan @ this point because again to much work has gone into the loan. I was also told that once the papers are signed no one will ever look @ the loan! I'm having challenges with making payments (no lates yet) but coming soon and the failure of IndyMac what action could I take or any options I might have?