The specified region, if not null, must intersect with the image's bounds.

I see, so no SRTM is available. Please try another AutoDownload DEM, for example GETASSE or ACE2.

If none of them work, please try the SAR Simulation Terrain correction. If this fails as well, please try the Ellipsoid correction.

If none of them work, maybe the velocity data has some errors which need to be checked.