Loan Mod denied by IndyMac - What's next?

[Joel Fraser]

I asked for help from you all regarding information for dealing with IndyMac in the Bay Area, and you all have been so helpful with getting me in touch with the right people. I am hoping you can tell me what's next:After all of my calls, and emails. We never heard from the "deal desk"I got this letter in the mail today:RE: STATEMENT OF CREDIT DENIAL, TERMINATION, OR CHANGEDear_______________,Part I. Principal reason (s) for credit denial, termination or other action taken concerning credit. In compliance with Regulation "B" (Equal Credit Opportunty Act), you are advised that your recent application for a loan was based on one or more of the following reason (s):-Unacceptable mortgage payment record during forbearance periodWe are not in forbearance-overstated incomeThey never asked for proof of income-insufficient incomeAgain they never asked for proof of income-unable to verify incomeAgain, they never asked for proof of incomecollateral unacceptable (second home/income property/vacant property)this is our only property-bankruptcywe are not in bankruptcyPart II. Disclosure of use of information obtained from an outside source.Our credit decision was based in whole or part on information obtained from an affiliate or from an outside source other than a comsumer reporting agency. Under the Fair Credit Reporting Act and ME Rev Stat Ann Section 1320 you have the right to make a written request, no later than 60 days after you receive this notice for the disclosure of the nature of this information.If you have any questions regarding this notice, you should contact:IndyMac Federal Bank, FSB7700 West Parmer Lane Bld DAustin, TX 787291.877.908.4357What's next? Is this officially the beginning of the end? Should I start packing my things?I am completely lost at this point, mentally exhausted, and very, very, sad.