Cash for keys program???

Question

Does anyone know what happened with IndyMac Bank? Now that the Feds have seized them and have taken over their assets, and have renamed the bank IndyMac Federal Bank (or something close to that), my question pertains to the foreclosure department. In the foreclosure department, when they offered the Cash for Keys program prior to them being seized, is the new bank under any obligation to render the agreement that the old IndyMac made with it's client?

Answer 1

no -- they might honer the agreement but they will not have to!!!