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Hi Everyone,

I just want to tell everyone about my success with an IndyMac shortsale. The property was in good condition. There were two liens on the property (same bank). I had excellent Sellers because they cooperated in everyway they were asked to. IndyMac was very responsive with responses within 10 days. Midway through, the contact negotiator changed and so then everything had to be resubmitted because it had been some time since the first submission. I used their shortsale package from their website and made sure the loans were referenced in all pages (bottom righthand). The second negotiator took more time to get back and their letter to my client indicated that they would do so within 30 days. After about 3 weeks, I received a response and everything went smooth from there. We closed in 10 days. The entire process did take about 6 months because the first time an offer was submitted to them they wanted a higher price and time passed as we waited for an offer to materialize when the first one walked.

But I did not technically wait for an offer. I got busy pitching it, door knocking, holding open houses, contacting everyone possible to let them know it was available and praying alot. One item of interest is that IndyMac did not like that my client vacated the property and my client had to move back to safeguard the home. The asset manager had someone enter the property with a master key which my client was not happy about. However, my client did write them a letter to let them know that they would continue to stay in the property so it would not be vandalized. Besides that and the long wait for a buyer to materialize, things went very well.

Hope this provides some hope to others.