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
Comment
Hi all, I received a response from Indy mac with a counter of 84k, offer is 55k, payoff for the property was 76,750.75 thru 11/29. Sounds like they want full payoff plus commission which wouldnt even be a shortsale. The property is completely trashed and I believe the BPO is way off, best way to appeal, any ideas, also are they just trying to get the offer up or are they set on 84k, listed on the letter is:(The suggested list price is provided only as guidance and not as required list price... )per Fannie Mae
Ok - does any one have any insight on disputing a BPO valuation? Have HAFA deal going with IndyMac currently, IndyMac wants us to counter to $160K (current offer is $145K) based on BPO valuation & our market analysis puts it smack on the nose at $145K. BPO agent in our market grossly over prices properties -- was off by $60K on another property! Any leads/info is appreciated!
Alex, I believe that you are faced with a scheme between Indymac and the Mortgage Insurance company. Submitting money before a letter is issued and having full disclosure of funds paid for what ever reason is a REDFLAG that you are getting played. The seller should be concerned and should relay this information to your state attorney general as another example of lender abuse.
Good morning!
We received an offer from the lender today that approves my seller for HAFA provided that she pay $2,200 outside of closing to the mortgage insurance company. The catch is that the $2,200 would have to be paid BEFORE the lender can issue the HAFA approval. Paying it at closing is not an option for IndyMac.
The seller is hesitant to pay the contribution prior to closing because of the risk that the deal could fall apart and I'm concerned that the lender might not issue a HAFA approval after the contribution is made, regardless of the correspondence we've received from them.
Has anyone else come across this? Ideas?
Alex Krumm
Re/Max Alliance Group
Broker Associate
GRI, Certified Distressed Property Expert
Winner, Five Star® Best In Customer Satisfaction: 2010, 2011, 2012
941-234-3597 Direct
941-954-5454 Office
941-444-2552 Fax
I have a buyer who's related to their agent.....per paragraph 7 of the IndyMac/OneWest arms length short sale affidavit it says "Neither the Buyer(s) and/or Seller(s) nor any parties related to or affiliated with the Buyer(s) and/or Seller(s) may act as the buying or listing/selling agent in the transaction."
We didn't get the addendum until after today and were told it was the final step to issuing the approval letter....Does anyone know if there's flexibility with this or will they not allow the buyer's agent to collect a commission? If they don't allow it I'll lose my buyer...makes no sense....Thanks
My pleasure. We all help one another :)
Lydia Puller just emailed everything. Thank you, Lydia. I am going to update here. Alton, you're right, the IndyMac website will always have the latest info!
Im about to send in a short sale packet and I just took everything directly from their website for shortsales, I will keep u posted how it goes..thanks, Alton
Please email us the most updated forms, if you've recently done an IndyMac short sale. I'll replace... [email protected]
Are them IndyMac short sale forms in this group the most up-do-date, if anyone knows?
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