Indymac Bank Wants A Profit And Loss Statement More Recent Than Last Month
by Lotus Golden
IndyMac Bank keeps faxing me stating that my P&L statement is not recent enough but it was for Jan - March of 2010? Mortgage Loan Modification Answer:by Loan Modification Expert - Dan NorthWell you can not get much more recent than March since it is the middle of April. So IndyMac Bank is either asking for the wrong thing or they are stalling. IndyMac Mortgage Services requires "Most recent quarterly or year-to-date profit and loss statement (must be at least three consecutive months)." I cut and paste that from "Step 2: Provide Documentation of Income" directly from the IndyMac Bank website Apply for a loan modification under the Home Affordable Modification Program (HAMP). Submit your updated financial information today. Possibly The Person Who Is Sending This Fax To You Is Incompetent But Most Likely IndyMac Bank Is StallingA Jan - Mar 2010 P&L Statement fulfills the required P&L Statement as part of the income documentation. Since IndyMac Bank has such a bad reputation on helping borrowers I would say this is not an honest mistake but an intentional stall tactic. (This is being kind beyond what IndyMac Bank deserves)My first advice is find out if your mortgage with IndyMac Bank is a Government owned or guaranteed loan: Is your Mortgage owned or guaranteed by Freddie Mac Is your Mortgage owned or guaranteed by Fannie Mae If you have an FHA or VA loan you most likely would know that information but if you are not sure the easiest way to find out is ask IndyMac Bank by calling the number on your mortgage statement. If your loan is Government owned or guaranteed IndyMac Mortgage Services has little choice in following the Making Home Affordable Guidelines. You will need this information for the next step to accelerate your loan modification. Start The Escalation Process As IncyMac Bank Is Violating HAMP Guidelines
If you do qualify for a HAMP Loan Modification this will dramatically increase the cooperation of IndyMac Mortgage Services in processing your Request For HAMP Loan Modification. For additional actions you can take, see the article Is Chase Just Wasting My Time? Or Can I Modify My Loan? PART 2 for information on getting help from a government agency and what to do to accelerate your loan modification. Return to top of IndyMac Bank Wants A Profit & Loss Statement More Recent Than Last Month Pre-Qualify for FasTrac Hardship Loan Modification Free Pre-qualifying for FasTrac Hardship Loan Modification. No charge to find out if you qualify and what modification you qualify for. See more Mortgage Loan Modification questions and answers like - IndyMac Bank Wants A Profit And Loss Statement More Recent Than Last Month Can Chase Still Foreclose While In A Trial Modification? Where To Go From Here With PNC / National City Chase Loan Modification Agreement Increases My Payment By $1300 Loan Modification Home | Mortgage Modifications | Loan Modification calculator
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