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Jennifer,
I don't want to highjack your thread because I am a seller and my agent also represents the buyer so I am definitely interested in the answers you get.
My question is about your approval:
Is Indymac requiring that your seller be at least 30 days late on their payment? They told me that is one of their requirements so I just want to validate that with someone who has an approval already.
Thanks so much!
Grace, A requirement to be late may be something that the investor requires. Who is the investor on your loan?
Jennifer, Indy Mac will pay you if you have both sides but you will have to fight for it. I have done it and got paid the commission that was on the listing agreement
Grace Hart said:
Jennifer,
I don't want to highjack your thread because I am a seller and my agent also represents the buyer so I am definitely interested in the answers you get.
My question is about your approval:
Is Indymac requiring that your seller be at least 30 days late on their payment? They told me that is one of their requirements so I just want to validate that with someone who has an approval already.
Thanks so much!
Jeff,
You are absolutely correct...it is the investor, which I believe is Duetsche. I am pre-approved for an FHA loan to buy right after I sell but this blows that idea now that I'll have a late pay.
Thanks much!
Jeff Payne said:
Grace, A requirement to be late may be something that the investor requires. Who is the investor on your loan?
Jennifer, Indy Mac will pay you if you have both sides but you will have to fight for it. I have done it and got paid the commission that was on the listing agreement
Jeff,You are absolutely correct...it is the investor, which I believe is Duetsche. I am pre-approved for an FHA loan to buy right after I sell but this blows that idea now that I'll have a late pay.
Thanks much!
Jeff Payne said:Grace, A requirement to be late may be something that the investor requires. Who is the investor on your loan?
Jennifer, Indy Mac will pay you if you have both sides but you will have to fight for it. I have done it and got paid the commission that was on the listing agreement
Jeff,
Any suggestions on what to do with this since they are telling my negotiator that I must be 31 days late for them to consider it now? I haven't paid my September payment yet and am getting really nervous!
Thanks Jeff!
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