Indy Mac - Foreclosure Inevitable

I am in a situation with Indy Mac.  We waited for 12 months before our file was handled with attention.  They requested a PEC and the Buyers fell through.  After that they closed the workstation.  We obtained new Buyers.  The foreclosure sale date is 10 days away and the lender will not accept the new offer at all.  They will not accept an offer within 15 days of the foreclosure sale date. 

Can anyone let me know if there is a way to submit this new offer and postpone this sale date? 

This is the first time I have heard of this policy and it really put a damper in our progress. 

Thanks!

Views: 33

Replies to This Discussion

Permalink Reply by Kent Dills on April 19, 2010 at 6:48am
Melissa, sounds like you need to go around IndyMac/OneWest. Find out who the investor is (hopefully there is one) and ask the investor to stop the sale. Indymac/OneWest won't have any choice if the investor wants to stop the sale. I've successfully done this a number of times now so it does work. You may need to get the seller/borrower on the phone with IndyMac and have them ask who the investor is. They usually won't tell the agent. Good luck!
Permalink Reply by Dee Garcia on May 3, 2010 at 7:58am
Hi Kent, I am going through this exact situation about the 15 day prior to foreclosure sale. Once I find out who the Investor is how to I contact/approach them. How do I go to them directly. Can you explain how you were able to to this? I am going crazy with this news they just told me, especially that I sent them a full short sale package on April 14th (plenty of time to postpone the sale...so I thought). Thanks in advance for all your help!!!

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