What has happen to short sales? This is From the shortsalepackage.pdf

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.shtm.


Beware of Foreclosure Rescue Scams. Help is free!
• There is never a fee to get assistance or information about the Making Home Affordable program from your
lender or a HUD-approved housing counselor.
• For a HUD-approved counselor, visit: http://www.hud.gov/offices/hsg/sfh/hcc/fc/, or call 1.800.569.4287.
• Beware of any person or organization that asks you to pay a fee in exchange for housing counseling services or
modification of a delinquent loan.
• Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your house.
Do not sign over the deed to your property to any organization or individual unless your mortgage company
approves of such action.
• Never make your mortgage payments to anyone other than your mortgage company without their approval.
Short Sale Real Estate Transactions
IndyMac Mortgage Services is not a party to any listing, purchase, or sale agreement associated with aShort Sale transaction.
During the Short Sale process, the seller may cancel the listing agreement prior to the ending date of the listingperiod without any advance notice to the broker, and without the payment of any commission or any otherconsideration, if the property is conveyed to the mortgage insurer or the mortgage holder.
Under the terms of a Short Sale purchase contract, the seller’s obligation to perform is subject and subordinateto the rights of the mortgage insurer (if any) and the holder of the mortgage.
This is a communication from a debt collector attempting to collect a debt. Any information obtained will be usedfor that purpose. However, if you have filed a bankruptcy petition and there is either an “automatic stay” in effect inyour bankruptcy case, or your debt has been discharged pursuant to the bankruptcy laws of the United States, thiscommunication is intended solely for informational purposes.