IndyMac Onewest Short Sales

Information

IndyMac Onewest Short Sales

This is a page to discuss Onewest Bank Short Sales and short sale strategies and information with Onewest Formerly Indymac Bank.

Members: 177
Latest Activity: Nov 11, 2013

How To Short Sale A Home


 

Onewest Bank Short Sale Department Phone Numbers

(877) 736-5556
General Info: 877-736-5556
Fax: 269-353-2474
Fax auth: 626-535-4084
LM Fax: 626-583-1370
Loan Resolution Dept: 877-908-4357
Foreclosure Servicing: 866-706-8647
Loan Care Dept: 800-410-9609

Share your experiences and stratagies with Indymac/One West Bank Short Sales

Click Here For An Indymac Borrower Financial Statement

Click Here For An Indymac Purchaser Eligibility Certification

Discussion Forum

Short Sale terminated because Sellers are current on payments

Started by Renee Ciufo, SFR, CNE. Last reply by Renee Ciufo, SFR, CNE May 18, 2012. 4 Replies

After reading through these comments, I was also under the impression that you dont' need to be in default or behind on mortgage payments.  So help me understand -- I'm in San Diego and have a short…Continue

Why IndyMac/OneWest Would Rather Foreclose

Started by Bob Hertzog. Last reply by Mellissa Young-Ramirez Jan 26, 2012. 5 Replies

Hi Folks,This video pretty much sums up the problems with OneWest/IndyMac Bank, as well as any of the other 167 lenders (at last count) who currently under a loss share program with the FDIC.  Why…Continue

Tags: indymac, sale, fdic, loss, share

onewest/IndyMac blames Freddie Mac for not doing Short sale

Started by marc lederman. Last reply by Michael Schneider Jan 26, 2012. 3 Replies

I am having trouble firguring this one out? Onewest has repeatedly denied Short Sale stating "Not in Investors interest" to do Short Sale. I have escalated file to supervisors who have blamed Freddie…Continue

One West Borrower Rental

Started by Ken Urman. Last reply by Joe Homs Jul 21, 2011. 7 Replies

Client has a townhouse which he currently rents.  When the loan was originated he lived in unit, but relocated out of state for a job.  He's upside down and rent does not come near to covering…Continue

Comment Wall

Comment

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Comment by Thom Colby 888-391-5245 on November 11, 2013 at 2:49pm

Nationstar = "Kiss of Death"

Comment by Mellissa Young-Ramirez on November 11, 2013 at 2:44pm

I have a short sale that began beautifuly, I had acknowledgment within 2 days and SSN and minimal additional documentation before it was sent to investor for approval. Since then I have been told to call back in 3-5 days every single time I call for a month. I also learned that homeowners received letter that loan was being transferred to Nationstar. So we do the work of interviewing the homeowners, taking the listing, obtaining disclosures, clearing liens that were paid or negotiating releases on seconds, market property and spend our time and resources on fielding calls and finding the highest and best offer, only to have our files transaferred once we submit them? That is what I am hearing about and experiencing myself and One West is not the only servicer doing this. 

Comment by Fred Tenbrink CDPE, SFR on October 3, 2012 at 11:43am

Well, so far BofA, SLS, Wells Fargo and Beneficial has accepted them for loan information for a Short Sale, so it may not be an accurate payoff amount, but it has sufficed. 

Comment by Ellen Muzzio on October 3, 2012 at 11:15am

The title report doesn't show lien balances, just the amount of the original lien so this won't suffice as a "payoff" quote for the lender.

Comment by Fred Tenbrink CDPE, SFR on October 3, 2012 at 11:10am

to Ellen Muzzio- for any bank requiring payoff amounts from other liens, that information can be found on the preliminary report generated from the title company. All lien balances are shown on the report.

Comment by Celeste ODea on September 27, 2012 at 5:22pm

Are there any updated contact numbers for IndyMac/One West?  Looking for the Escalation Dept or higher to stop a foreclosure.  Any help will be appreciated!

Comment by Mellissa Young-Ramirez on June 16, 2012 at 8:13pm
$1500-$2000 on standard and $3000 HAFA short sale
Comment by Joe Maymi on June 16, 2012 at 11:28am

Is anyone aware of IndyMac or OWB offering sellers any kind of "cash back" or "relocation assistance" as part of their short sale approval?

Comment by Elena H. Lobito on February 2, 2012 at 5:11pm

Need a suggestion from you all.

I am on my 3rd Buyer for an Indymac Short Sale. The 2nd loan on the property is a HELOC that was never used and has a zero balance.  When we received initial approval for the short sale for Buyer No.1, and again for Buyer No. 2,  the IndyMac Short Sale Approval Letter referenced BOTH loans. 

The IndyMac approval letter for the 3rd Buyer reflected ONLY the 1st Loan and no reference was made to the 2nd loan.  ServiceLink for Indymac tells us that they do not show a 2nd loan so they can't change their Approval Letter to add the 2nd loan information.  However, in the Title Records, both loans show up and Title will not close without confirmation that the 2nd loan is closed. 

We had the Seller go down to a local branch to request a letter from IndyMac to confirm that the 2nd loan is CLOSED with a zero balance.  This process, we are told, will take several weeks and Indymac will only mail the letter to the Seller after Seller receives a fax from Indymac for information to process the request.  We are in limbo as of this writing and our close date is scheduled for February 10th.  I have asked for an extension and hopefully will get an extension for at least another week.  Does anyone have a phone number at Indymac that perhaps can help me with expediting a letter that the 2nd Loan is closed.  Hope I explained the circumstances clearly....let me know if you have a suggestion.

Comment by Sally Nuñez on July 21, 2011 at 3:33pm
How long is Indymac taking on Short Sales these days??
 

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Discussion Forum

Short Sale terminated because Sellers are current on payments

Started by Renee Ciufo, SFR, CNE. Last reply by Renee Ciufo, SFR, CNE May 18, 2012. 4 Replies

Why IndyMac/OneWest Would Rather Foreclose

Started by Bob Hertzog. Last reply by Mellissa Young-Ramirez Jan 26, 2012. 5 Replies

onewest/IndyMac blames Freddie Mac for not doing Short sale

Started by marc lederman. Last reply by Michael Schneider Jan 26, 2012. 3 Replies

One West Borrower Rental

Started by Ken Urman. Last reply by Joe Homs Jul 21, 2011. 7 Replies

IndyMac has to be the worst in loan modification

Started by Karin Christa. Last reply by Mellissa Young-Ramirez Jul 1, 2011. 2 Replies

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