Belt Auction

when mortg. bank lies to you after they sold home on auction...?

indymac bank ...well. they sold the house on auction, yet later a rep told me on a phone that it's still 'bank owned'. what a lie..? long story short, they refused shortsale offer i made last year, so what was i to do? i filed for bankruptcy and got discharged with chapter 7. indymac kept reporting to my credit agencies that 'its still open and i still owe them full', yet in fact, they bought the house on trustee auction to make it as 'bank owned' for such a long while, and i today found they sold it on july 15, 2008. when i called indymac to discuss why they keep reporting that i owe them full amt --- to my credit agencies ----, a rep said 'it's not sold yet, if its sold, then we will stop. even if you filed chap 7/discharged, etc. doesnt mean you don't owe us.' i was like... what??? i asked the rep if i can have that in writing to present to a lawyer, and he acted like he didnt care much. im to call indymac tomorrow and see if still a rep tells the lie, that 'home isnt sold yet, sorry'. i wish i can record this but probably wont be able to. i verified with a realtor, and today i went to view the house myself, and talked to neighbor that YES the home was sold! any advice? i feel very weak when i speak to indy on a phone just crying out loud whining, yet just feel so powerless when thats what they give me... :( sigh. they refused my shortsale offer in 07, i'm afraid they will report my credit agencies i owe them the original - selling price BUT i doubt i owe them still. not sure how tax return will be next year but... i must contact irs about situation, right???? thanks...

Public Comments

1. I don' t think that there is much that you can do. I'm so sorry for what has happened to you. The best that you can hope for is to go to a legitimate credit counselor to help clean up your credit.
2. Relax a bit. IndyMac is large, and has been taken over by the feds. Chances are that their records aren't fully updated from one department to the next. It's been but a few weeks. You're learning what bankruptcy can do to your credit rating. Filing same doesn't mean that creditors must remove negative items from your credit report.