The BPO came in at 50K and the appraisal came in with no value due to structure damage in the property. The bank did not believe the value and therefore ordered another appraisal and a “chief appraisal”- both of which I was not notified so I could meet them at the property. Their two appraisals came in at 370K-so there is a Huge gap- Then the bank emailed me the message below after ordering extra appraisals-
“However, I am required by IndyMac to collect a $300 non-refundable short sale fee. This is not negotiable and it must be certified funds. Please western union to IndyMac Bank, the code city is IndyMac Bank, CA. Once sent I will need the money control number to continue. This is a hard stop.”
Question- What are your thoughts on this message? I have never heard of the bank requesting a SS fee.
As we all know banks are notorious for nickel and diming consumers with thier fees. Perhaps IndyMac has figured that foreclosures and short sales will skyrocket so they’ve tacked on a short sale fee to generate a little revenue out of each deal.
I have read the previous replys and I too am surprised. However, IndyMac has been on the cutting edge of this sort of “me (or fee) first” technology for the past 10 years. I wouldn’t be surprised if it legit. I’d almost be willing to pay the $300.00 myself to get to the end of the story.