Comments on: IndyMac Closing – Impact on Their Bank-Owned Properties? http://blog.wethmangroup.com/2008/07/07/indymac-closing-impact-on-their-bank-owned-properties/ Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market Thu, 20 Jan 2011 14:24:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Katie Wethmanhttp://blog.wethmangroup.com/2008/07/07/indymac-closing-impact-on-their-bank-owned-properties/comment-page-1/#comment-44 Katie Wethman Sat, 12 Jul 2008 13:04:00 +0000 http://blog.wethmangroup.com/?p=99#comment-44 Update 7/12: Just five days after this post, the FDIC took over IndyMac following a run on the bank by depositors. FDIC is now the owner of those REOs (bank owned properties), and they are now the contact for short sales. Under these circumstances, I believe it will be many, many months before any (formerly) Indymac foreclosures get an answer from the new 'owner'. And short sales? Forget it. They'll never happen. <br/><br/>Buyers: don't waste your time. <br/><br/>Sellers affiliated with Indymac: sorry, better come up with a Plan B. Update 7/12: Just five days after this post, the FDIC took over IndyMac following a run on the bank by depositors. FDIC is now the owner of those REOs (bank owned properties), and they are now the contact for short sales. Under these circumstances, I believe it will be many, many months before any (formerly) Indymac foreclosures get an answer from the new ‘owner’. And short sales? Forget it. They’ll never happen.

Buyers: don’t waste your time.

Sellers affiliated with Indymac: sorry, better come up with a Plan B.

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