Information on Indymac short sales. Tips, tricks, etc.
Latest Activity: Feb 23, 2017
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
I have just had a short sale approved by IndyMac. Lots of paperwork, but they have approved it!
Eloise, If the mortgage servicer is now Ocwen, you need to work with Ocwen. Have your seller complete Ocwens Package and submit the package along with the complete short sale package to Ocwen at [email protected] or [email protected] if your seller is applying for HAFA. We have closed over a hundred short sales with Ocwen, so if you would like assistance or if you have any questions do not hesistate to reach out to me as my door is always open. 310-564-6389 - [email protected] - www.ishortsalenow.com
Help! My defaulting borrower's loan is/was with Indymac Bank. The servicer now is Ocwen (I shudder)...To initiate the short sale, must I go thru Ocwen? Or can I go thru Indymac Bank? Does anyone know? Thank you for any help and/or pointers to help us get off on the right foot...
Thanks Thom Colby, I reverted the LLC and Trust to the original Title. It worked out. I appreciate your response and feedback, thanks for your professionality.
Whose name is on the mortgage? his or the LLC?
Feedback requested from fellow Indymac Negotiators!
I have a Seller that recorded his title to his LLC. Will Indymac make him record a new title back to his name and will Indymac request a copy of the LLC?
Does anyone have an escalation number or contact for IndyMac/OWB??
this may be the stupidest of all stupid questions but since IndyMac is now One Bank West, do I still need to get all the IndyMac docs that are above under INDYMAC CONTACT INFO?????????????? If not, does One West Bank have their own docs?
the buyer was willing to pay the difference to the 2nd.. it was suggested by the second to have the buyer pay them the difference then they would give an approval letter that matches what the 1st is willing to pay..which is a complete violation of the arms length.. so of course no one is going to suggest that.. and so i went to the first and asked if they would allow the buyer to pay the difference between what the first would pay and what the second wants.. the first replied and said that any contributions must go to the 1st and if they go to the 2nd they will not approve the hud.. but without the contribution to the 2nd.. we cant do the short sale.. no one will budge.. it seems to be a lost cause.. indymac is greedy as hell
@AnaLee, I hope you can get your buyer or seller to agree to contribute on the second mtg. I have closed short sales with contribution from either party. the way the market is going up, buyers or sellers will need to understand and agree to pay or you can relist the property with that info for another buyer or investor to consider this in case your seller is not willing to pay. at least you know how you can close your short sale. this is my opinion. I hope it helps you. best wishes.
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