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 Ben Benita on September 15, 2011 at 5:08am
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we have gotten approvals from Indy with no deficiency, as always, and with ANY short sale issue, you just need to talk to the right person at the bank.
ALWAYS REMEMBER:
The people in loss mitigation you deal with are called "Negotiators" for a reason!!!!
;-)
Now go help some homeowners......
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Comment by Jeff Payne on September 15, 2011 at 5:04am
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I will confirm it, I have recieved an approval from Indy Mac with no deficiency
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Comment by JulieAnn DeCeunynck on September 15, 2011 at 4:39am
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has anyone ever gotten an approval letter with the deficiency waived? I'm told they never change the verbiage...would someone please confirm?
thank you!
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Comment by Wendy Rulnick on August 22, 2011 at 11:15am
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My IndyMac switched to ServiceLink, too. They are charging a 1% fee, and reducing the agent's earnings correspondingly. But otherwise, they were nice.
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Comment by Becky Martin on August 22, 2011 at 11:12am
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Actually just got one approved with ServiceLink for Indy Mac and the negotiator was wonderful at first but then stopped responding so I went to her manager and we are closing in 1 week:) The negotiator is now responding very promptly again!
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Comment by Kat Tom on August 5, 2011 at 8:11am
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IndyMac has a new Purchaser Eligibility Certification on their website. The one posted here is not acceptable (found out the hard way).
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Comment by Marcy Moyer on July 23, 2011 at 3:50pm
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I did one with ServiceLink for Indymac that did have a NOD and it was really fast.
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Thom - I didn't think so. I am glad you commented, and I will let my seller know. I also let him know that IndyMac is just the servicer, and only a small percentage of investors refuse short sales that are not in default. Thank you!
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Comment by Thom Colby CA Brkr 888-391-5245 on July 23, 2011 at 4:32am
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Wendy - That has NOT been my experience. I just closed one a few weeks ago with IndyMac / Deutsche Bank using ServiceLink and it was barely in default and not close to foreclosure.
Thom Colby
Broker
Newport Beach CA
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One of my sellers just told me his attorney stated:"IndyMac and Deutsche bank and both usually require the house to be officially in foreclosure before approving a short sale." Please comment if you know otherwise. I am doubting this .
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