Information

Indymac

Information on Indymac short sales. Tips, tricks, etc.

Members: 400
Latest Activity: Feb 23, 2017

Indymac Contact Info

Indymac Fax number for short sale packages: (626) 583-1370
Indymac E-mail Addresses: [email protected]
Loss Mitigation Status Hotline: 877-736-5556
Negotiator's Direct Lines: 512-506-XXXX (helpful for caller ID to make sure you grab the phone)
New name-One West Bank

3rd Party Authorization Fax Number: 269-353-2474

* Indymac has their own financial statement form and authorization to release form, but they will accept generic forms as well with the same info.
* Short Sale packages MUST include the "Purchaser Eligibility Certification." If not short sale can not be approved.
* The $300 is NOT required for a short sale package.
* Indymac DOES aggressively and actively pursue foreclosure even when the short sale package is sitting on a desk waiting for their negotiator.
**Indymac will allow a new contract to be substituted when the first buyer walks.
**Indymac will allow a challenge to their BPO value and you CAN be successful.

Authorization to Release.pdf

IndyMac Short Sale Affadavit

IndyMac Financial Statement Form

IndyMac Short Sale Package

IndyMac Purchaser Eligibility Statement

IndyMac Purchase Eligibility Statement 2



Indymac Short Sale Info Website *** always check here for latest forms.

Contact Group Moderator to add correct or add helpful info here

Discussion Forum

OneWest/IndyMac - ESCALATION NUMBERS?

Started by Chris McGee Nov 25, 2014. 0 Replies

Typical % of BPO value for SS Approval

Started by Christine Reed. Last reply by Kathryn Carlson Sep 3, 2014. 2 Replies

HELP Need ESCALATION NAME & # FOR ONEWEST

Started by Mariana Molina. Last reply by Benjamin Rojas Oct 4, 2013. 2 Replies

Comment Wall

Comment

You need to be a member of Indymac to add comments!

Comment by AnaLee Schnell on July 25, 2013 at 8:38am

Does anyone had a higher up contact at IndyMac? I have a second that will allow a property to foreclose before they take less than they want.. which is about $6k more than Indy will offer.. I emailed Indy to see if that was alright.. and they told me that if the buyer contributed it has to go to them. Who in the heck do they think they are? The buyer contributing to the 2nd is the only way I can get this done and Indy mac is trying to kill this deal.. I appreciate anyones advice on this or help.

Comment by Lupe Soto on July 24, 2013 at 7:29pm

OneWest or Indymac does NOT allow loan modification for second home or rental.  thank you.

Comment by Celeste ODea on July 19, 2013 at 5:48am

@Alton - Did you get any contact numbers to escalate in IndyMac/OWB?

Comment by Celeste ODea on July 19, 2013 at 5:47am

@Tara - Do you have a contact name and number at Deutsche Bank?  They are the investors for our deal.  

Comment by Celeste ODea on July 19, 2013 at 5:42am

Help!  I need to escalate our IndyMac/OneWest file.  Our negotiator is a Marketing Specialist IV.  Does anyone have a contact at a higher status?  We're on the 2nd flood in the basement with mold, frogs, etc.  Our first approval letter expired because of the first flood, and just prior to closing, there was another one.  Bank completely repaired it the first time, and now we've been waiting more than a month to find out what they are going to do.  Bank filed an insurance claim July 8, but it doesn't appear that anyone is really pushing anyone (other than me, of course!) to get this work completed so we can close.  Now the buyer wants to reduce sales price, have the bank strip the basement to an "unfinished" status, and he will do the rest.  I am getting no where at this point.Any contacts and numbers would be extremely helpful.  Many thanks!

 

Comment by Chad Gelsinger on July 15, 2013 at 11:51am

Hi Aida, Indymac is looking for an Approval Letter from Nationstar showing how much money they are allowing to be paid out to Indymac. Their verbiage is a little confusing to say the least. Once you have an approval letter from Nationstar, forward it to Indymac and you should be good to go. Keep in mind, most 1st Lienholders will only pay $6000 or 6% of balance (lesser) if it is a Fannie/Freddie or $8500 or 6% (lesser) if it is a HAFA transaction. You may have to provide Nationstar with an Indymac statement showing the balance due on the 2nd loan. Chad.

Comment by Aida Gonzalez on July 15, 2013 at 10:27am

I have a short sale in process, 1 st Lien is Nation Star, and 2 is Indymac, they recently requested a 1st lien pay off, its sound very rare that a 2nd lien is requedting a payoff from 1st lien. I want opinions. Please, thanks in advance.

Comment by Celeste ODea on June 20, 2013 at 5:12am

Need to escalate to IndyMac/One West.  Does anyone have a contact above a Specialist IV??

Comment by Mike Verdi on June 12, 2013 at 3:47am

Does anyone have contact info on OWB heloc dept for me to call them directly? I have a 2nd that we are trying to negotiate/settle. I called 6 times and received 6 different stories from the reps. Anyone have a contact there that can help me out?? we have the first negotiated and the attorney "missed the 2nd"

anyone?

Comment by Pattilynn Guilford on June 5, 2013 at 2:33am

The Ocwen policy of not stopping a sale 7 days prior to the date is fairly set in stone. Your seller can go the court way and send the complete short sale pkg to the judge but in most cases the judge wants a prelim approval from the bank to stop the FC. Do you have a complete SS pkg?

 

Members (400)

 
 
 

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************