This is a group to discuss Wachovia Short Sales and information on the Wachovia Fast Track Short Sale Program
Website: http://Wachovia.com
Members: 243
Latest Activity: Jan 26, 2015
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This group is to discuss the Wachovia Fast Track Short Sale Program, and share our experiences with Wachovia Short Sales. We have discovered that Wachovia is setting the example for other lenders to follow when it comes to streamlining the short sale process. As part of the Wachovia Fast Track Program, which Wells Fargo is also implementing, Wachovia will give pre-approved terms and listing prices for borrowers who qualify for a short sale. In addition, they are also offering up to $5,000 cash back to sellers to complete a short sale. Click here to view an approval letter showing a borrower getting $5,000 back! Wachovia and Wells Fargo Short Sales are now the same in many ways now that Wachovia is owned by Wells Fargo.
Do you qualify for a Wachovia Short Sale and need to get started in the process? We can help! There is no cost involved or out of pocket expense for borrowers in financial hardship. Find a local Wachovia Short Sale Realtor - Visit www.Short-Sale-Specialists.com!
Wachovia (Wells Fargo)
866-642-8608
General Info: 866-642-9405
Fax: 866-260-3962
LM Dept: 877-213-7063
Home Equity Short Sale Dept: 877-455-6091
Home Equity Short Sale Dept Fax: 866-729-9592
HAFA Phone: 800-922-4684
HAFA Fax: 866-359-7363
Wachovia Short Sales Made Easy - Fast Track Program Information - Please note that the short sale managers vary from area to area, contact Wachovia to find your local short sale manager for the fast track program.
Started by Tinarsha Rosita Brown. Last reply by Raj K Singh Jun 24, 2011. 15 Replies 0 Likes
I recently completed my short sale package for Wachoiva short sale to Wells Fargo. The rep states I'm missing the fast track form... What is a fast track form? and where can I obtain one? Thanks in…Continue
Started by Terri Vellios. Last reply by Mike Linkenauger Nov 22, 2010. 10 Replies 0 Likes
Heads up. I've had a short sale going on where Wachovia is the first. It's been going great with response turn around time in days. Now with an extension it's been two weeks and I just heard from…Continue
Started by Henry Weiss. Last reply by Joel F. Fletes Oct 18, 2010. 5 Replies 0 Likes
My Wachovia Fast Track Short Sale was foreclosed on 8/10/10 with an accepted offer in place and with Wachovia saying in writing they would not do that. Wells issued a directive to change the rules in…Continue
Started by Terry L. Osburn, SFR. Last reply by Terry L. Osburn, SFR Aug 24, 2010. 6 Replies 0 Likes
Email just came out that Wachovia will NO LONGER postpone foreclosure dates for any reason. If there is an ACTIVE foreclosure funds must be received no later than 5 DAYS prior to sale date. Full…Continue
Tags: dates, postpone, foreclosure, sales, short
Comment
I understand. If it is something serious that affects the value like a foundational issue, I would imagine they would consider that if you bring it to their attention with documentation. If you have the inspection report that would help. It would probably be even more helpful if you had a foundation contractor come out and give you a written estimate.
Hi Mike. It's actually a cash buyer but regardless the home most likely won't qualify for financing due to the condition & issues. I am working with the fast track manager but also know the negotiator that he is in connection with at Wachovia in Texas. The home has foundation issues discovered after actually going underneath the home.
Hi Sara,
Wachovia is good about allowing for repairs if they are necessary for the buyers loan. If something came up in the inspection I don't know that Wachovia will pay for it, but if the same major issue were to come to light with the buyer's lender and it became a condition of the appraisal or underwriting then you should have a fairly easy time getting Wachovia to pay for it if this is a Fast Track short sale on one of the old World Savings loans.
Are you working with one of the Fast Track Managers, or have you submitted the file directly to Wachovia's offices in Texas? If you are working with one of the Fast Track Managers they can help you with the issue.
Has anybody ever had major issues come up in the home inspection after wachovia issued the short sale approval and gone back for a credit or price reduction due to what came up in the inspection? Wachovia already had an interior appraisal done before they issued the SS approval. Any feedback? Thanks.
Hi Mike,
Thank you very much. I actually got hold of his supervisor later this evening. Ted did a good job when I did the short sale fast track with him for this transaction. But, some issues happened so I need to contact him. I sent him at least 4 emails in the past 10 days and never heard from him. Not even an email said he is busy and will get back to me. He did that before. So I called him. I don't like to call him either because I know they are very busy. Since I sent his supervisor an email. He finally returned my email and said sorry didn't return my call. He said he will take care the issue tomorrow. I will let all of you know the result.
Thank you very much everyone's help.
Started by Tinarsha Rosita Brown. Last reply by Raj K Singh Jun 24, 2011. 15 Replies 0 Likes
Started by Terri Vellios. Last reply by Mike Linkenauger Nov 22, 2010. 10 Replies 0 Likes
Started by Henry Weiss. Last reply by Joel F. Fletes Oct 18, 2010. 5 Replies 0 Likes
Started by Terry L. Osburn, SFR. Last reply by Terry L. Osburn, SFR Aug 24, 2010. 6 Replies 0 Likes
Started by John Graham. Last reply by Mike Linkenauger Aug 7, 2010. 4 Replies 0 Likes
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