Indymac issued an approval letter releasing the seller from any possibility of a deficiency judgement which means they will not come after him for their loss. Jamie says "Hiring an agent that understands the Indymac Short Sale Process is key to a successful closing. Many lenders now require home owners to submit a short sale package using their specific documents. Submitting the wrong short sale package could cost you weeks of time and cause problems with the buyer. Jamie set up a dedicated page on his website dedicated to homeowners looking for information on the Indymac Short Sale process. Click here for details http://jamiebcox.com/
The owner of the property is an out of state investor with multiple properties in multiple states. "The home owner simply needed to liquidate a non performing asset. From a business standpoint there was no reason for him to hold on to it." - Says Jamie Cox
