Attention Agents: For Short Sales, Avoid This Bank

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Real Estate Agent with Long Island Real Estate Market: Realty Connect USA

Indymac.

Nightmare.  They have no idea what they're doing. 

Have a slam dunk short sale deal for them.  Complete contract - conditional approval.  Indy is eating less than 10k on it.

80 days - and it hasn't even been assigned to anyone at the bank yet.  They have no idea what they're doing.  Word to the wise.

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Rainer
9,250
Loree Nichols
Charles Rutenberg Realty, Inc

I had the same scenario with Countrywide..........until Bank of America took over and now everything is humming right along.  Just cross your fingers that someone else takes over Indymac!

June 24, 2009 09:52 PM
Rainer
32,810
Thomas McGiveron
Long Island Real Estate Market: Realty Connect USA

Just got word - after 80 days - that Indy assigned a negotiator.

Having some trouble with the attorney handling the deal - not thrilled with their follow up - and my client is kind of p/o'd with their lack of returning phone calls.  he has begun to call bank every day.

At least there's a negotiator on it.

July 01, 2009 11:23 AM
Rainmaker
1,091,892
Evelyn Johnston
Super Agent, Probably the Best Agent in the Galaxy
Elkhart County Subdivisions, LLC

And I have had not much luck with Countrywide/Bank of America.  They do not know what they are doing either!

July 03, 2009 05:24 AM
Rainer
32,810
Thomas McGiveron
Long Island Real Estate Market: Realty Connect USA

I have heard horror stories about Countrywide.

July 07, 2009 10:10 PM
Anonymous
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Rainer
32,810

Thomas McGiveron

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