Group to discuss short sales with Wells Fargo and Wells Fargo Financial and share solutions to getting mortgage short sales approved.
Members: 909
Latest Activity: Mar 14, 2018
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***The Report Below is for home owners in hardship who are wondering "How To Short Sale A Home". Confused real estate agents should go here.
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Wells Fargo Short Sales
We have set up this forum to provide Wells Fargo Short Sale Information and offer short sale help to Wells Fargo borrowers and agents. Wells Fargo seems to be one of the more consistent lenders to work short sales with. There are several specific Addendums that are required with every Wells Fargo Short Salethat are included below. Those are the Wells Fargo Short Sale Arms Length Affidavit, the Wells Fargo Listing Addendum, Wells Fargo Contract Addendum and a Wells Fargo Contract Extension Addendum.
General Info: 866-234-8271 Fax: 866-359-1975 LM Dept: 866-903-1053 LM Fax: 866-837-9108 LM Fax: 866-590-8910 Home Equity Loan Dept: 866-275-9138 Home Equity Loan Dept2: 888-219-8014 Home Equity Short Sale Dept: 866-970-7821 Home Equity Short Sale Dept Fax: 866-593-3578
Mortgage Payoff Dept: 800-288-3212
Home Equity Payoff Dept: 866-810-1424
Payoff Dept Fax: 866-238-6874
Sellers Can get money back for competing a short sale with Wells Fargo, in many cases $3,000 cash back with the HAFA Short Sale Program through Wells Fargo.
Share your experiences and strategies below with Wells Fargo Short Sales
Started by Fern Tzoucalis. Last reply by Fern Tzoucalis Mar 2, 2014. 6 Replies 0 Likes
I am the selling agent for my son on a WF short sale. Under contract 6/21/13, 8/15 told file in line to be reviewed by negotiator, 8/22 appraisal ordered (which came in $2000 over our offer), 9/26…Continue
Started by Angie Freeman. Last reply by Sharon Molnar Oct 9, 2013. 1 Reply 0 Likes
Trying to reach out for assistance. Has anyone dealt with the Wells Fargo 512 clients division? Apparently, they handle the old World Savings loans that are now being serviced by Wells Fargo. I…Continue
Started by Hunter W.. Last reply by Brett Goldsmith Aug 8, 2013. 1 Reply 0 Likes
Short sale offer of $185k made by buyer.This counteroffer just received from Wells Fargo through Equator Workstation.What will the bank accept from the buyer?If there is mold remediation needed to be…Continue
Started by Peggie Simmons. Last reply by Peggie Simmons Jun 18, 2013. 2 Replies 0 Likes
We have a Wells Fargo Short Sale that is Stalled. Negotiator has Countered Several Times approximately $50,000 higher than the Sold Comps! Balance owed to Wells is Far Less than wherethe Counter is…Continue
Started by Janice Wheeler. Last reply by Rozalyn Franklin Apr 24, 2013. 3 Replies 0 Likes
I am trying to find a WF short sale field manager for the Sacramento Region. I have a bizarre short sale. WF is having problems with it. The person died, and now it's in the hands of a successor…Continue
Started by Michelle Abbass. Last reply by Joe Beauchamp Apr 18, 2013. 4 Replies 0 Likes
My clients sent in the Approval to Participate form with our first offer on their home. Apparently it got lost in the mail because WF says they never received it. So they closed out the file and we…Continue
Tags: participate, escelate, to, approval, fargo
Started by Janice Wheeler. Last reply by Joe Beauchamp Apr 10, 2013. 5 Replies 0 Likes
I do many short sales each year. My specialties is short sales, probate/estate, pre-1930 homes.Right now I have a short sale of a condo, my seller inherited the property from his mother. The loan is…Continue
Started by Deborah Powers Apr 8, 2013. 0 Replies 0 Likes
Does anyone have a management level contact at WF. Major issues with a short sale. Please email me privately at debofaz01@gmail.com Thanks.Continue
Started by Susan Morimoto. Last reply by Susan Morimoto Feb 19, 2013. 2 Replies 0 Likes
I am working on a short sale with Citi, the investor is Wells-Fargo, and Citi is telling me thatthe investor will not allow a short sale in the redemption period. I triedcalling Wells directly since…Continue
Started by Steven Pawera. Last reply by TOP END Properties Jan 5, 2013. 6 Replies 0 Likes
I received 2 new tasks in Equator, (Supply Listing Info & Enter Marketing Plan). I opened the task to confirm it wasn't simply the task name being recycled: these were identical tasks to the last…Continue
Comment
Cyndi - it sounds like to need to dispute the value directly with the investor.
I just recently received a notice from Wells Fargo that they want to net $253,000 on a property that I have an offer on for $140,000 and obtaining a rehab loan for the additional $30,000 that it would take to hook up to sewers. At the final end, it would then be high retail for the property. The property does not comp out even close to $253,000. This is MORE than what the owner purchased it for in 2007 (at the peak of the market). Not only that, the property now has a failed septic system and cannot be repaired as the area has sewers available now. Property cannot be transferred without a certification from the State. The buyer would only come up $10,000 so Wells Fargo closed out the file. Anyone with expertise that can give me some suggestions?
Does anyone have a good management level contact with WF? Major issues with a short sale! Every call to WF - different answer. Very frustrating. Thanks. Please email me privately at debofaz01@gmail.com Thanks
I hear there is a Wells Fargo Preferred Agent Program. I qualify per Mike's webinar today. My Well's Fargo loan officer doesn't know who to contact though to forward his referral. Any ideas how to proceed are appreciated. Happy Holidays.
I would love to hear the stories from Paddy. I have experience borderline trespass and breaking and entering in my short sales in Denver. Giving sellers foreclosure and short sale advice should include the consequences of moving out and what can be done about it.
Paddy D.
Do you work in Fl?
Awesome info, Irene. Thanks so very much. Hopefully they have one in Maryland!
Celeste - here is the info on one of the Home Tender companies. I am presently using them in a listing that I have since the renters moved out and the sellers live out of the country also. It is wonderful to know that the property is being well taken care of. This company is very on top of things.
Paul Dudley Bonnallie x 206
1st American Home Tenders
A FREE Staging and Maintenance Program
407-674-0000 Orlando
813-344-2300 Tampa
904-404-9100 Jacksonville
561-907-7000 West Palm Beach
214-380-4300 Dallas
404-793-8000 Atlanta
502-208-9007 Louisville
407-386-8996 Corporate Fax
Thanks. I will do some research. Thanks for sharing.
Started by Fern Tzoucalis. Last reply by Fern Tzoucalis Mar 2, 2014. 6 Replies 0 Likes
Started by Angie Freeman. Last reply by Sharon Molnar Oct 9, 2013. 1 Reply 0 Likes
Started by Hunter W.. Last reply by Brett Goldsmith Aug 8, 2013. 1 Reply 0 Likes
Started by Peggie Simmons. Last reply by Peggie Simmons Jun 18, 2013. 2 Replies 0 Likes
Started by Janice Wheeler. Last reply by Rozalyn Franklin Apr 24, 2013. 3 Replies 0 Likes
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