Hi all, I'm trying to get a short sale approval with Indymac and could use some advice. We submitted the package Oct. 19th and have diligently followed up since then. The second is with GreenTree, which has been a major challenge but we actually have that approval letter now. The problem is that we negotiated GreenTree down to 10% of the loan balance ($11,763) plus $3,000 in contributions from agent commissions of buyers (for a total of $14,763) to the second. This was based on an email from Gordon Akinpelu, a short sale lead with Indymac who emailed me and said this would be acceptable to Indymac. Now the negotiator, Theresa Lantier, is telling me she can't submit it to the investor with anything more than $11,763 going to the second. GreenTree initially wanted $19,000 and I had to escalate all the way to the CEO's office to get them to come down.

Any good contacts at Indymac I might try? It's been 100 days or so since we submitted this and the buyer is running out of patience. Meanwhile, bank-owned properties priced less are starting to pop up in the complex... Help! Thanks in advance!