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 Jim Stewart on January 7, 2011 at 10:41am
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Indymac absolutely SUCKS! After sending in the contract for my short sale FOUR times (twice they say they didn't get it even though they got pages before and after the contract in the fax!), once one page was missing a zip code so the rejected it and now they tell me that because the original date the contract was signed is over 60 days ago that they won't accept it. Even though the actual closing date hasn't been reached. They have given me the runaround at every single turn. I feel like I'm dealing with Bank of America in 2008 right now. Is this just par for the course with them??? Do they even really want to do short sales???
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Comment by Jeff Payne on December 28, 2010 at 4:03am
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Amanda,
Jennifer is a friend of mine, she is one of my favorite all time to work with! Send me a PM and I will give you her info in private
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Comment by Amanda Pittman on December 28, 2010 at 3:58am
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Does anyone have the supervisor for Jennifer Bowman?
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Comment by Stephanie Hart CA 310-930-2342 on December 22, 2010 at 5:14am
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@ Rich just closed a Short with Indymac/OWB as the 1st in Oct they approved and we closed at 6% commission.
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Comment by Marcy Moyer on December 21, 2010 at 12:28pm
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Thanks!
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Comment by James ferebee jr on December 21, 2010 at 12:21pm
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The lender pays this fee.
I had one when they had just started this procedure and the HUD had to be revised so that the fee came from the net of the lender.
Jim Ferebee
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I just got an email this morning saying the INdymac short sale was going to be handled by Service Link and that the max commission is 5% plus there will be a fee to Service Link. It was not clear from the e-mail who pays this fee.
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Comment by Rich Madden on December 21, 2010 at 10:21am
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anyone closing onewest/indymac and getting full 6% - they now state 5% is max commish? help!
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Comment by Sue Fitzhugh on November 30, 2010 at 9:59am
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Donna, how can the seller back out of the contract? Are they not locked in? Just wondering how this turned out since it seems like you put in a lot of effort.
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Comment by Robert M. Marin on November 18, 2010 at 11:32am
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quickest link to Indy's short sale information page:
https://www.indymacmortgageservices.com/IndyMac/Manage-My-Account/H...
also if the 2nd is an Indymac/OWB Heloc type loan (separate dept)
Direct line is 1-800-880-6813
Other info above seems current.
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