• Report: #1037952
Complaint Review:

IndyMac, OneWest Bank

  • Submitted: Mon, March 25, 2013
  • Updated: Mon, March 25, 2013

  • Reported By: LetgoMyIns$ —
IndyMac, OneWest Bank
South Carolina USA Florence, South Carolina United States of America

IndyMac, OneWest Bank They won't release funds (paid by MY ins. Co.) to pay the "Emergency Services" Contractor. Florence, South Carolina

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I suffered property damage, I was not in the area.  My personal (not provided by the bank) Insurance company has issued a check to pay the contractor who provided emergency services (shut off utilities) and took preventative measures to ensure no further damage ensued.  This was a requirement of my Insurance company.

IndyMac Mortgage Services gave me a list of "required documents" to be filled out.  They were filled out by Myself, the Insurance Adjuster and the Contractor.  Howeve,r they were all CA legal documents.

Now IndyMac wants everyone to re sign "substitute" documents (provided by them)  Presumably, legal in So. Carolina, but maybe not in California, where the property is located, the owner lives & where the contractor is licensed and performed his services.

One of these documents is a W-9, which is a Federal Form, and should be accepted in every state of the union.  The "Conditional Waiver of Lein" was signed & submitted long after a" Lein" could ever been emposed, according to CA Law.

I believe these are simple delay tactics by the bank to hold onto the insurance money for 30 days or more to gain interest in a short-term, high yield account.


Sebastopol, California

This report was posted on Ripoff Report on 03/25/2013 08:07 PM and is a permanent record located here: http://www.ripoffreport.com/reports/indymac-onewest-bank/florence-south-carolina-92502-0510/indymac-onewest-bank-they-wont-release-funds-paid-by-my-ins-co-to-pay-the-emergenc-1037952. 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.

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