Attention Agents: For Short Sales, Avoid This Bank

By
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 - Tampa, FL

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!

Jun 24, 2009 09:52 PM #1
Rainer
32,810
Thomas McGiveron
Long Island Real Estate Market: Realty Connect USA - Bohemia, NY

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.

Jul 01, 2009 11:23 AM #2
Rainmaker
1,160,241
Evelyn Johnston
Elkhart County Subdivisions, LLC - Elkhart, IN
Super Agent, Probably the Best Agent in the Galaxy

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

Jul 03, 2009 05:24 AM #3
Rainer
32,810
Thomas McGiveron
Long Island Real Estate Market: Realty Connect USA - Bohemia, NY

I have heard horror stories about Countrywide.

Jul 07, 2009 10:10 PM #4
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Rainer
32,810

Thomas McGiveron

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