Indymac
Information
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 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
Discussion Forum
Typical % of BPO value for SS Approval
Started by Christine Reed. Last reply by Kathryn Carlson Sep 3, 2014. 2 Replies 0 Likes
HELP Need ESCALATION NAME & # FOR ONEWEST
Started by Mariana Molina. Last reply by Benjamin Rojas Oct 4, 2013. 2 Replies 0 Likes
Comment Wall
Comment
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Comment by Cami Pinsak on January 26, 2011 at 8:39am
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Hey I drink KW Kool-Aid - What is going on at the SS panel?
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Comment by Jeff Payne on January 26, 2011 at 8:31am
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darn it, then I guess I will hit you up for a drink at mega camp :) Southern California is going to be warmer than Michigan!!!
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Comment by Missy Caulk on January 26, 2011 at 8:29am
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I did Jeff, we closed with 40 minutes to spare. I was a wreck.
Felt like someone popped a balloon when it was over with. Not going to KWFR
Long story, will tell you sometime. I was asked to be on 2 panels, Social Media and Blogging. have fun!
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Missy, you got it closed!!! Woo Hoo!!! I guess you are buying drinks next month in Anaheim!!! I assume you are going! You should stop in our short sale panel with group 46:10
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Ben, if I email you can I get a copy of the form to find out who the investor is.
We closed last week, finally!!
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Comment by Ben Benita on January 26, 2011 at 7:18am
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Evelyn, find out who your Investor is on the loan and try reaching out directly to them....I know one of the bigger Investors for One West is Deutsche Bank.
If you shoot me a quick e-mail - [email protected], I will give you a copy of the form we use to find out who the Investor is.
You should be able to ask your negotiator if the loan is gov. backed (Fannie or Fredie, you can also go to the Fannie and Freddie "Loan Lookup sites to see), ask if the loan is portfolio (where One West is both the Ivnestor and the Servicer, or, if the loan is for a private Investor (most loans for Indy are for private Investors)
Best of luck...keep fighting!!!
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Joanna, your negotiator may be a nice person but you owe your duty to the seller to get the short sale done. Tell the negotiator, sorry but I have to take this to your supervisor
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Comment by Evelyn Santiago on January 26, 2011 at 6:16am
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Does anyone have a contact number or email for the executive office of One West? My seller's were informed their home will be sold tomorrow early last week and I was able to get an offer on it over the weekend and submitted it yesterday. The negotiator will not delay the foreclosure but did submit it to the investor.
If the investor rejects this 2nd offer the home will be sold which is really not good for anyone involved but I know if they give us an extension we will be able to sell it now that the worst of winter is over.
I have gotten nowhere trying to escalate this.
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Comment by Joanna Piette on January 19, 2011 at 10:22am
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My 2nd lien is with Indy/OWB. Even though my negotiator is WONDERFUL and jovial and even spends 20+ minutes chatting (!!) with me on the phone, my file never seems to move anywhere..... it's been four months.... the Sr. Lienholder has now set a foreclosure date for three weeks away and I'm still waiting for ANY answer. Any advice? Hate to tick-off my friendly negotiator by going over his head but I'm SERIOUSLY running out of time here!!!
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Comment by Maya Thomas on January 19, 2011 at 8:39am
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: ) We've all been exactly where you are.
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