• Report: #75537

Complaint Review: Indymac Bank

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Sun, December 21, 2003
  • Updated: Sun, December 21, 2003

  • Reported By:saylorsburg Pennsylvania
Indymac Bank
6900 Batrice Dr Po Box 4045 Kalamazoo Michigan .49003 Kalamazoo, Michigan U.S.A.
  • Phone: 800-7817399
  • Web:
  • Category: Banks

Indymac Bank ripoff practices predatory lending Pocono, Pennsylvania, Michigan

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

My wife and I closed on our home September 11, 2000 with a purchase price of $235,000. A year later we attempted to refinance - then learnig the true value of our home, ( building value $111,132 and the value of the land is apppraised at $28,000 - total of $139,132 ). After numerous request for a copy of the apprasial - ( first request was made the day of closing ) and reviewing the value validation for taxatioin basis devloped by the Monroe County,PA Tax Assessment Office, we uncovered gross irregularities that influenced an inflated purchase price, such as, inaccurate square footage & description
of the contents of the home, apprasial stated we had a fire place, hooded range, refrigerator, washer & dryer ( untrue ) and most importantly, the method of market comparison was totally defective. Indy Mac Bank failed to take the proper steps to insure the true value of our home, subsequently, making us victims of predatory lending practices. They failed to hed the warnings from Freddie Mac in regards to mortageges being written in the Poconos.

Rayon
Saylorsburg, Pennsylvania
U.S.A.

This report was posted on Ripoff Report on 12/21/2003 10:38 PM and is a permanent record located here: http://www.ripoffreport.com/r/Indymac-Bank/Kalamazoo-Michigan-49003/Indymac-Bank-ripoff-practices-predatory-lending-Pocono-Pennsylvania-Michigan-75537. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Indymac Bank

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.