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
I received an approval 2 weeks ago and the entire 16 page package has to be completed including the purchaser eligibility cert otherwise the file will not move forward.
As to Purchaser Eligibility Certification - IndyMac won't let it proceed without it...at least not in my short sale. It needs to be notarized too.
Ditto to what Barbara wrote. Forms are very different now, including financial worksheets, from what is posted. Updated forms can be found at IndyMac website.
Barbara: I also read this and agree. I am not going to have it filled out. If they do require it I will post it here so everyone can keep informed. Anyone out there know differently at this point??
I just clicked on the link above ("Indymac Short Sale Info Website"). Phone numbers all still appear to be okay, however, the required documentation has changed. And it does look lik the "Indymac Purchaser Eligibility Statement" has changed quite a bit. I would advise any Listing Agent pursuing an IndyMac short sale to follow the link.
I have re-read the "Purchaser Eligibility Certification" several times. It references the ability to "purchase assets of failed financial institutions ..." A short sale property is not an asset of the bank. It is still owned by the homeowner. I don't understand why this document is relevant in a short sale?? Does anyone have insight to share?
Has anyone had problems with submitting a short sale to Indymac that is current? I just submitted one that will be delinquent starting August 1st. They say they are cancelling and won't look at it until it is at least 2 months delinquent. I have successfully closed short sales that were current with other lenders. Any thoughts?
Does anyone have experience with the INdy Mac PEC (purchaser eligibility certification). It indicates that the buyer cannot receive compensation if the buyer is an agent. In my situation, the buyer and her husband are buying a piece of land and the buyer is a licensed agent. Can she still buy the property? Does that mean INdymac will be paying 2.5% rather than 5%. Appreciate any responses from SHort Sale Superstars. MAHALO
Hey guys...SO glad that I found this site! So...my husband and I put an offer on an IndyMac short sale property back in early February and have not really heard anything. The property was listed at $187,000...we offered $165,00 and we were countered with $183,000...which we accepted. I assumed that if the we agreed, then that meant that IndyMac needed that amount. The only thing we have heard from our agent was that IndyMac requested an appraisal on the property, is this normal? Yesterday, we were asked to sign a purchaser elegibility certificate??? Does this mean that we are getting closer to securing a closing date? I feel so out of the loop?? What have you guys seen to be the average timeframe on closing with Indy?? HELP :)
Hi Everyone,
Need some help! We submitted an offer to Indymac on a short sale back in January. They came back with a counteroffer at $397k. After a couple of weeks of back and forth with the buyers, the buyers came back at $359K which we resubmitted to Indymac. Indymac had closed the file, so we had to go through some steps to resubmit. They just came back with the SAME $397K counteroffer. This is about $30K higher than market value on the property. The BPO will be 90 days old on April 17th. Does anyone have any suggestions on moving this forward? Buyers won't go any higher.
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