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Go Back   Free Foreclosure Help - Loan Modification Help - Help Stop Forec > Loss Mitigation Discussion to Stop Foreclosure > Real Estate Newbie

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Old 07-14-2008, 07:55 PM
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Join Date: Jul 2008
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Default Indymac is my Lender. Loss mitigation

reviewing my loan pkg. Should I call them with all this news going on? I haven't been late at all, but my mortgage value is $166k down from what we purchased it at 2 years ago. There are a couple of foreclosures on our street. My husband and I commute to the bay area. So with gas prices skyrocketing and twin daughters driving and going to college I asked Indymac on June 26th to consider a loan resolution for us. I received a letter from Loss Mitigation dept dated July 7th that they are reviewing it and will get back to me within 30 days. Should I call them or wait for 30 days?
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Old 07-14-2008, 09:33 PM
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Do not wait!

I would call the FDIC immediately and find out how your mortgage is affected.
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