Indymac Short Sale Approval

This is THE biggest short sale release of my career. On a balance of $328, 417, Indymac accepted $216,101.92... a release of $112,316!!!! The second lein holder, First Tennessee or Frist Horizon agreed to a loss of $48,479.15!!!!

Total forgiveness for my client: $160, 795.15

From listing to closing, 4 months. I don't consider 4 months to be that bad...the contract from the buyers was recieved in March and as long as they were able to get the 8k tax credit, they were happy.

Here are the REAL approval letters: