Loans, Debt & Credit - View Single Post - Hoping for short sale with Indymac...advice ?

Arnie1269 · 07-30-2008, 07:46 AM

Thanks ***. After reading everyone's suggestions I did exactly that last friday. Monday I got an email message from Oringer that he had forwarded my package to the head of short sales team. That person (Scott Lamb) has already contacted me by email.... so I am hoping I have at least lit a fire under them.

I was reading elsewhere on this site that only 65% of short sales go through... so I am still worried.

In order to approve my short sale they would have to totally write off the HELOC and accept only 70% of the amount owed on the first... does that seem likely in your expert experience ?

07-30-2008, 07:46 AM	#3 (permalink)
Arnie1269 Member Join Date: Jul 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Hoping for short sale with Indymac...advice ? Thanks ***. After reading everyone's suggestions I did exactly that last friday. Monday I got an email message from Oringer that he had forwarded my package to the head of short sales team. That person (Scott Lamb) has already contacted me by email.... so I am hoping I have at least lit a fire under them. I was reading elsewhere on this site that only 65% of short sales go through... so I am still worried. In order to approve my short sale they would have to totally write off the HELOC and accept only 70% of the amount owed on the first... does that seem likely in your expert experience ?