Legal Question in Real Estate Law in Nevada

Indy Mac Bank
we currently have a loan thru Indy Mac Bank - we are considering either a short sale, or foreclosure. At the time of closing, there were alot of problems (I am a former Escrow Officer), and the figures, terms and lender were switched at the last minute (very long story).. to date, we still have NOT received a final HUD-1 closing statement, showing the exact final figures to include the 3 refund checks that were given to us (because they had it so messed up)-I have felt very uneasy from the start about this loan, and all along thought we had one thing, and found out that the payment amount & terms changed in 1/07-and after trying to review all the paperwork, cannot really determine if it is all legal-the long & the short of it is, I believe that the Mortgage Broker and Indy Mac used preditory lending practices, and would like to know if we could possibly use this as leverage against them, when requesting the short sale. We obtained a ''no doc-stated income'' loan when we closed-I need to know if there is an attorney in Las Vegas or Henderson area that could look over the mountain of paperwork and try to determine if my suspicions are valid! Our home is approx $125,000 undervalued, payments continue to go up, and we need short sale!

Asked on 7/15/08, 11:16 am

Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

0 users found helpful

0 attorneys agreed

Re: Indy Mac Bank

This is something that I am just starting to get into. Next week I am going to read two big books on it.

Maybe August 1 you may want to email me for an appointment.

Answered on 7/16/08, 4:50 pm

Keywords

Match Any Match All

Country

State

Area of Law