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 Financial Statement Form
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
Started by Christine Reed. Last reply by Kathryn Carlson Sep 3, 2014. 2 Replies 0 Likes
Started by Mariana Molina. Last reply by Benjamin Rojas Oct 4, 2013. 2 Replies 0 Likes
Comment
Thanks Denae.
I got a really quick response, like 10 days, maybe two weeks max, I'd have to check the calender for sure. Did you get a negotiator assigned yet? And did you ask that person what the hold up was, and/or do you know the BPO agent and can you follow up with them. When I do BPO's, any questions get asked and answered pretty fast,in a day or two.
Hello!
Looking for feedback on current Indy Mac temperment. Loan was a OWB, BPO done and counter rec'd at 240K. Too high (go figure). Is Indy Mac just trying to bleed as much net as possible and if the buyer will pay more, they tend to move forward? Or are they more ING thinking and it's take it or leave it?
Thanks
Does anyone know how the "Deficiency" is calculated on IndyMac / OWB short sales. For example; If the loan balance is $500,000 and the property sells with a net payoff to the bank of $300,000 - one would assume the deficiency is $200,000 - BUT - with the IndyMac Loss Share Agreement with the FDIC, is the 90% of the deficiency they recover from the Loss Share Agreement treated as a reduction to the borrower's deficiency making the True Deficiency only $20,000 ??
Interesting thought, huh ?
Thom Colby
Broker / Negotiator
Newport Beach CA
HELP - I have my 9th offer into Indymac and we are only $17,000 apart - I have been working with Indymac for 2 years on this house. They reduced my commission to 5% and they won't aprove the short sale yet - we are scheduled for the 4th time for foreclosure in May - I need to know who I can speak with at Indymac that is above a negotiator, and her supervisor - who is the main decision maker.
Thank you
Cindy Young
IndyMac/OneWest reduced the commission to 5% and is taking 1% of the sale price to pay themselves, essentially. In the guise of paying their vendor ServiceLink, who is their sub-servicer.
A sleazy practice, in my view, that I think Fannie explicitly prohibits, whereby
the Servicer skims money out of the deal to pay themselves.
Cami,
Brian Gubernick is the moderator and Either Fred Weaver or Kevin Kaufmann, Heidi Skinner and me I believe so far. We are also having a mastermind session similar to the one we had in Austin at masterminds with some lenders involved but I am not sure of the details yet. See you in Anaheim!
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