Indymac

Comment

Comment by Dawn Barrier SFR®,CSP®,HRC on August 23, 2010 at 10:53pm

Roberta,

I recently had it happened, and they did close the file. We will just start over with another offer!

Comment by Ben Benita on August 20, 2010 at 6:03pm

Roberta - they are just doing their job, they call them "negotiators" for a reason (sounds like your negotiator needs to get his HEAD EXAMINED)!!!

See if you can find out who this clowns supervisor is and contact them,
or
Respond by going over the financials with the negotiator.

I would say with 99% certaitny this is just a push back tactic they are using to see what, if anything, you Seller can bring to closing....

Comment by Roberta J Rocha-Ayala on August 20, 2010 at 1:15pm

I have a short sale & offer with Indy/One West Bank and they bank want the seller to come in with 44,000 to close. The couple is retired, one of them ill, I had them write a letter to the bank. I the bank response was they were closing the short sale file. Has Anyone had any success in matter?

Comment by Ben Benita on August 9, 2010 at 12:55am

You CAN get around the assetlink fees if you push back on them (escalate), or, use some clever negotiation lines like:

"How long will you keep the file open while we find a NEW Buyer, one that will pay the Assetlink fees"
or
"My broker said FHA Buyers will not allow a negotiation fee to be put on the HUD, are we really going to have to cancel closing and re-list this property to ONLY non-FHA Buyers?"

it works......

Comment by Dawn Barrier SFR®,CSP®,HRC on July 29, 2010 at 3:03pm

Yes, working on one now, some of Indy Macs files are being sent out to them

Comment by Rita Flood on July 28, 2010 at 6:43pm

anyone have assetlink come back with a transaction fee?

Comment by Angela Sipp on July 16, 2010 at 11:15am

Thanks for your responses. So far the process is moving along, the bank approved the sale as well as 2% for closing costs. Now waiting for the inspection and appraisal drama...

Comment by Ben Benita on July 16, 2010 at 1:34am

Angela -- an FHA seller to an FHA Buyer will cause you problems, biggest hurdle, you will be told you can only get 1% in closing cost credit (this is not at all true nor is it set in stone, but, you will likely be told this).

Also, with FHA Buyers there can be really dumb issues with the FHA appraisals (we have had to go back and fix torn screens b/c the ding dong from FHA said the home was "not livable" with torn window screens.....

Rita - -as always, stopping foreclosures generally depends on who the investor is on the note. I strongly encourage EVERYONE to find out this info. as early in the short sale process as possible and plan accordingly.

Comment by Rita Flood on July 15, 2010 at 3:40pm

anyone successful in stopping a sale at IndyMac sale date today - they had pkg on June 19.

Comment by Kyle Souza on July 2, 2010 at 7:18pm

A lot of people purchase with FHA loans, this shouldn't matter.

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