Comment

Comment by Kylee Roe on June 1, 2011 at 7:14pm

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.

Comment by Kylee Roe on June 1, 2011 at 4:25pm

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

 

Comment by Thom Colby CA Brkr 888-391-5245 on May 23, 2011 at 12:43pm

Danae - That's correct about SB-931 - BUT -  this is vacant land which is not covered.  SB-931 I believe is for 1 - 4 family Residential Property.

Comment by Thom Colby CA Brkr 888-391-5245 on May 23, 2011 at 11:44am

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

Comment by Cindy Young on May 10, 2011 at 1:07pm

I am responding to your note sent regarding Indymac and Short Sale Negotiators. I have been working since 2008 on a short sale and submitted 9 offers to Indymac. I finally lost my patience in February of this year and asked to speak to my negotiators supervisor. I was sent to Scott Lamb. He is helpful. But the most helpful person was the new negotiater he assigned me to and that was Kelly Verstegen. She even called me 3 times.

I finally closed 2 weeks ago. I had to reduce the commission to 5% but we finally got Indymac to agree.

Let me know if you need anything else.
Regards, Cindy Young
([email protected])



Scott Lamb
Loss Mitigation Disposition Supervisor
IndyMac Mortgage Services,
a division of OneWest Bank, FSB
Office: (512) 506-6811
Fax: (866)921-0704
[email protected]

Kelly Verstegen
Indymac Mortgage Services, a division of One West Bank
Loss Mitigation, Short Sale Negotiator Specialist IV
F: 866-376-5558
[email protected]

Comment by Cindy Young on April 1, 2011 at 5:30am

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

Comment by Jim Stewart on April 1, 2011 at 4:32am

Finally! Closed after six months of hassle, heartache and problems with Indymac! Actually, once I got to the negotiator things went fairly smoothly.  She and the closer were actually very good to work with. Now just praying they don't come back with some minor detail after closing!

Comment by Stephen Shafer on April 1, 2011 at 4:28am

I have a deal that was approved but the buyers appraisal came in$ 45000.00 under so it is back with Indy for an updated approval.

Comment by Michael Schneider on February 11, 2011 at 4:35am

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.

 

 

Comment by Jeff Payne on January 26, 2011 at 8:45am

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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