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WACHOVIA Short Sales

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

How To Short Sale A Home


 

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.

Discussion Forum

Fast Track Form Required for Short Sale Package?

Started by Tinarsha Rosita Brown. Last reply by Raj K Singh Jun 24, 2011. 15 Replies

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

Wachovia now under Wells Fargo Short Sale Guidelines

Started by Terri Vellios. Last reply by Mike Linkenauger Nov 22, 2010. 10 Replies

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

Tags: Program, Sale, Short, Wachovia

Wachovia foreclosed!...Dirty pool

Started by Henry Weiss. Last reply by Joel F. Fletes Oct 18, 2010. 5 Replies

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

JUST IN for Wachovia---IMPORTANT-NO LONGER WILL delay foreclosure dates

Started by Terry L. Osburn, SFR. Last reply by Terry L. Osburn, SFR Aug 24, 2010. 6 Replies

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

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Comment by Dennis Hartley on May 13, 2010 at 2:45pm
I just closed a Wachovia short sale in West Hollywood, Ca. I got a call from a homeowner saying he wanted to do a short sale but the Trustees sale was sheduled in 3 days! My rep at Wachovia told me they could only stop the sale if i submitted a signed contract and HUD1. I immediatly put the property on the market, got an offer and submitted it along with the HUD1. Wachovia stopped the sale two hours before it was scheduled. They approved the sale in less than a week and we closed in less than a month. The Fast Track Short Sale Program they have implemented in my area is incredible!
Comment by SHANNON McGREGOR ~ CSSG, HRC on May 13, 2010 at 11:46am
And this was all on the fast track program in which I had an approval within a week.
Comment by SHANNON McGREGOR ~ CSSG, HRC on May 13, 2010 at 11:45am
Yes Wchovia is great. Now if Wells could catch up with them, thaht would be awesome. I recently had one (Not HAFA!!) on a $210k purchase, where they were paying 6% commission, 10k to buyer for cc (which they wont even need that much) , and $5k to seller for moving expenses. They also paid 25% to th second (which was $42k).
Comment by Mike Linkenauger on May 12, 2010 at 9:50pm
Anyone else have any short sale experiences with Wachovia to share with us on here?
Comment by Mike Linkenauger on May 12, 2010 at 9:47pm
Wachovia is definitely on of my favorite lenders to work short sales with. Wachovia Fast Track Short Sale program is a short sale program other lenders should model after when looking for a good system. They have excellent systems in place and quick approvals and reasonable terms. We have already started targeting and will be targeting more Wachovia short sale listings for our agents in the near future.

Here is even an approval letter with them paying out $5,000 BACK to the seller at closing!

Wachovia Short Sale Approval Letter
Comment by SHANNON McGREGOR ~ CSSG, HRC on April 24, 2010 at 3:31am
With all these short sale incentives ( I beleive they will get better later), it makes me nervous that lenders will start picking and choosing their real estate agents (like REO's) to refer these borrowers who are in default to.

Anyways, I can see that coming. Monday, I spoke to a short sale manager at Wachovia here in Southern California. I asked her" What will be your procedure with this new HAFA program (cause I beleive it will be the lender that requests/SUGGESTS that the borrower do a short sale,but thats just my opinion) do I need to do to get on your list of prefferred agents?" for short sales? If you in fact have one.
She said~ We will be referring to these borrowers in default, 3 agents (in the area of the borrowers home) from 3 different offices. Once you have closed a short sale with us, you are automatically on this list. This is as a listing agent only, and on Wachovia portfolio loans only.
I just though Id mention that to you all. Dont know if all I say is factual (as I am only asking 1 person these questions, (and you know I could call back, speak to someone else, and get a totally different story) Go Get THOSE WACHOVIA PORTFOLIO LISTINGS!!!! (if in fact thisis true???)
 

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Discussion Forum

Fast Track Form Required for Short Sale Package?

Started by Tinarsha Rosita Brown. Last reply by Raj K Singh Jun 24, 2011. 15 Replies

Wachovia now under Wells Fargo Short Sale Guidelines

Started by Terri Vellios. Last reply by Mike Linkenauger Nov 22, 2010. 10 Replies

Wachovia foreclosed!...Dirty pool

Started by Henry Weiss. Last reply by Joel F. Fletes Oct 18, 2010. 5 Replies

JUST IN for Wachovia---IMPORTANT-NO LONGER WILL delay foreclosure dates

Started by Terry L. Osburn, SFR. Last reply by Terry L. Osburn, SFR Aug 24, 2010. 6 Replies

Wachovia Short Sale Deficiency Waiver

Started by John Graham. Last reply by Mike Linkenauger Aug 7, 2010. 4 Replies

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