Hi, would like to find out if possible if a house in Kendall, Florida is under Indymac's care as a REO

Elisa
Home Buyer
Kendall, FL

property, the papers show Indymac as the Bank that has repossessed the property, the address is: 14531 S.W. 180 Terrace, Miami, Fl. 33177

Answers (3)
Rosie Morot-Gau...
Agent
Miami, FL

Elisa,
If you are still in the market and are looking for a home in the Miami South West area, please feel free to contact me, I'l be happy to send you a list with foreclosures.

Fri Aug 7 2009, 11:22
Ryan Brandenbur...
Mortgage Broker
or Lender

Fort Lauderdale, FL

Elisa,

Send me the property address and I can pull the contact information of the owner. If its IndyMac I have a contact in the REO dept that can get me all the information.

Ryan Brandenburger
954-394-9005

Tue Jul 14 2009, 13:58
Margaret Amador
Agent
Sarasota, FL
FIRST ANSWER

Those papers are telling you that the lender started foreclosure proceedings. During that process which can take 5 months and much longer various things can happen. The owner may ask for a loan modification or the owner may decide to short sale the property or the owner may decide to file BK. All in all, this is a process underlying other options the owner may exercise. Nothing is happening over night but with due process. You may just ask the owner what his/her plans are since you as the tenant need to know your options.

Tue Jul 14 2009, 05:20

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