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
Randy,
Sorry, I meant - Fannie, Freddie, FHA, etc.
Randy,
What type of loan is Indy servicing here?
Randy, yes, my negotiator made arrangements for us and postponed and was fine. Your timeline may be cutting it a little close, they do have strict rules about postponement, but seems to me you were in contract in plenty of time. Talk to your negotiator or find a way to go above his/her head.Unless their guidelines have changed in 30 days, you should be able to get a postponement.
So we just got an approval from IndyMac with a closing date of OCT 16 (Sunday - LOL) Problem is that my buyer has been assigned to work in China until March. I cannot figure out a way to get everything completed in 2.5 weeks. He has a daughter here that he will give power of attorney to, but we still wont be able to get a loan done that quickly.
This property is schedule to go to foreclosure AUCTION on Oct 20.
Anyone have luck getting auctions postponed with IndyMac once we have a approved short sale letter?
Thank you Michael, our letter says the same thing. After the sellers took the letter to the attorney's office they were advised to have one word added if possible...."If all conditions are followed the property/borrowers will be released from this lien...Attorney wants to add after lien/note. working on this now and feel somewhat hopeful!
thanks guys!
@JulieAnn I looked the OWB demand letters that I have. The language in mine is:
OWB will report a Special Comment Code of “AU: Account paid in full for less than the full balance”
Which isn't quite as strong as a typical BofA/Wells/Fannie/Freddie waiver of deficiency.
"Account paid in full" is a waiver to me, but I'd prefer it to say: "...is paid-in-full ...", not "Will reports as...."
© 2024 Created by Brett Goldsmith. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Indymac to add comments!