Replies to This Discussion

Permalink Reply by Margaret Bruno on July 24, 2010 at 9:47pm

are they putting you on EQUATOR?

Permalink Reply by Terri Vellios on July 24, 2010 at 10:05pm

My negotiator didn't state that. We have a Trustee sale set for 8/4 and are trying to push it out, as I don't have approval for the COE extension from both Wachovia and Chase.

Permalink Reply by Bradley Gill on August 5, 2010 at 5:18pm

Any luck on getting that trustee sale postponned through Wachovia?

Permalink Reply by Terri Vellios on August 9, 2010 at 1:26pm

WHOO HOOO! Wachovia postponed the trustee sale, gave us an extension for 30 days, Chase gave us one week extension and it closed by the seat of Chases expiration date on Friday... Thank you Wachovia, they honestly went above and beyond on that file.

Permalink Reply by Terri Vellios on August 13, 2010 at 4:11pm

Update: We closed on the day the second approval expired. That was a long one. Everyone happy it's closed.

Permalink Reply by Henry Weiss on August 15, 2010 at 5:33pm

My listing as a Wachovia Fast Track Short Sale was foreclosed on even though we were in the system long before they just changed their rules. If this happened to you, please call or write me Henry Weiss @ (818) 601-9955 or kcbs2@yahoo.com...thanks

Permalink Reply by Henry Weiss on August 25, 2010 at 4:36pm

Terri,

I wasn't as lucky with Wachovia foreclosing and stating there would be no postponement on my listing. Would you mind sharing the details and the timing of your transaction. Thanks. Henry Weiss kcbs2@yahoo.com

Permalink Reply by Terri Vellios on November 21, 2010 at 12:03pm

Hi Henry, sorry I didn't see this earlier. Wachovia's process changed over to Wells Fargo in August 2010. We seriously just sneaked in. We had two or three COE extensions because of the Buyer and Wachovia said that from this point on they are NOT going to allow any extensions. I heard this from my Title representatives as well.

Permalink Reply by Bradley Gill on November 22, 2010 at 3:23pm

Great news about Wells & Wachovia's foreclosure postponement policies. As of August it was announced that Wells & Wachovia might no postpone a pending foreclosure date on active short sale transactions, but we have finally received some clarity in today's Washington Report by NAR. NAR has confirmed that Wachovia & Wells will postpone a pending foreclosure date one time as long as certain conditions are met. See the whole story on NAR's website - http://www.realtor.org/fedistrk.nsf/pages/wk11222010?OpenDocument#r...

Permalink Reply by Mike Linkenauger on November 22, 2010 at 3:40pm

yeah, this was posted on the wells fargo group a month or two ago (or at least reported that it is their new policy). Not cool...