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Reload this Page News, IndyMac Reopens, Halts Foreclosures on Its Loans (real estate, mortgages, property)
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Old 07-15-2008, 12:48 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
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IndyMac Reopens, Halts Foreclosures on Its Loans - WSJ.com

IndyMac Bancorp Inc., the failed thrift, reopened its doors under federal control Monday and promptly moved to toss ailing homeowners a lifeline by halting all foreclosures on the mortgages it owns.
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Old 07-16-2008, 05:45 AM
 
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That is pretty smart on stopping the foreclosures. It stops their REO (real estate owned) stock from piling up, and the liability and expense from that -- and they still hold the claim on the property for whatever it is worth (or not).
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