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IndyMac's Failure Hits Close to Home Continued...& Closed

By
Real Estate Agent with RE/MAX Lake Country

Back when we heard that Indmac Bank was seized by the governement I had some clients that had finally received a written committment on a foreclosed house owned by Indymac. We didn't know what to think of all the changes, and did not know if we would even be closing. After a few weeks of nothing, the listing agent finally had some communication with a title company representing Indymac for this sale. Two weeks later they were scheduling a closing, which took place on last Tuesday, much to our relief. My clients received the keys, and proceded to their new home. The other strange part of this whole transaction though was that there was no funds dispersed that day, but we were told "they would mail it to us", regarding the commission. We did receive the check on Friday. This entire transaction was that of truely delayed gratification on the part of all involved!

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