Wells Fargo Short Sales

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Wells Fargo Short Sales

Group to discuss short sales with Wells Fargo and Wells Fargo Financial and share solutions to getting mortgage short sales approved.

Members: 907
Latest Activity: Dec 20, 2016

Find A Wells Fargo Short Sale Realtor

***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.

 How To Short Sale A Home

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.

Do you qualify for a Wells Fargo Short Sale? There is no cost involved or out of pocket expense for borrowers in financial hardship to work with one of the top short sale agents in the country. The first step is to find a local Wells Fargo Short Sale Realtor - Visit www.Short-Sale-Specialists.com!

 

 

Share your experiences and strategies below with Wells Fargo Short Sales

 

Discussion Forum

Wells Fargo Short Sale Nightmare

Started by Fern Tzoucalis. Last reply by Fern Tzoucalis Mar 2, 2014. 6 Replies

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

Old World Savings Loans - Now Wells Fargo

Started by Angie Freeman. Last reply by Sharon Molnar Oct 9, 2013. 1 Reply

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

Short Sale Questions on the Equator Counteroffer from Wells Fargo Bank

Started by Hunter W.. Last reply by Brett Goldsmith Aug 8, 2013. 1 Reply

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

Wells Fargo Escalation Stalled

Started by Peggie Simmons. Last reply by Peggie Simmons Jun 18, 2013. 2 Replies

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

How to find a Wf short sale field manager

Started by Janice Wheeler. Last reply by Rozalyn Franklin Apr 24, 2013. 3 Replies

 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

Who can I talk to above the liquidation team leader?

Started by Michelle Abbass. Last reply by Joe Beauchamp Apr 18, 2013. 4 Replies

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

First time WF short sale, but it's going to be strange

Started by Janice Wheeler. Last reply by Joe Beauchamp Apr 10, 2013. 5 Replies

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

Need management level contact with WF Short Sale Department

Started by Deborah Powers Apr 8, 2013. 0 Replies

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

Wells Fargo as investor will not do a short sale during redemption period???

Started by Susan Morimoto. Last reply by Susan Morimoto Feb 19, 2013. 2 Replies

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

IF IT WAS OK THE 1st TIME, THEN DO IT AGAIN

Started by Steven Pawera. Last reply by TOP END Properties Jan 5, 2013. 6 Replies

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

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Comment by Thom Colby 888-391-5245 on August 28, 2012 at 4:45pm

Celeste - Yes, sort of.... There are Home-Tending Services in some cities where people need to live someplace for a certain period of time, they are background checked, etc. And, they pay a substantially reduced rental rate - or pay only "costs" to keep the property occupied and maintained while it's being sold. For their reduced rate, they agree to have the property in show condition at all times and move with 15 - 30 days notice. Typically, they have to have nice furnishings to help show the property well. They're really a combination of stager, and house-sitter and pay minimal $$. Google "Home Tenders"

Comment by Celeste ODea on August 28, 2012 at 4:38pm

Tom, Is that a House Sitter?

Comment by Thom Colby 888-391-5245 on August 28, 2012 at 4:11pm

Celeste - Tell the Seller to get a Home-Tender in place so the property is occupied until it sells.

Comment by Paddy Deighan, JD PhD on August 28, 2012 at 3:44pm

I can tell you hundreds of similar stories since I work as a foreclosure attorney for Wells and BofA.  I predominantly practice foreclosure defense and (the misappropriately named) Quiet Title.  HOWEVER, there is legitimate reason for lenders or servicers to change locks etc and it is not always a bad thing.  This scenario is not limited to distressed properties either.  Virtually every Deed of Trust of Mortgage gives the lender the right to protect their secured interest.  Therefore, if they LEGITIMATELY believe that the property is in jeopardy of being financially damaged or physically damaged, they have the right to protect their interest since it is a secured interest.  An example would be when a home owner walks away or abandons the property. The lender is entitled to secure the property. It is not a huge deal because the owner can undo this easily (get locks removed etc). I can tell you some EXTREME examples, believe me...

Comment by Celeste ODea on August 28, 2012 at 3:35pm

Great comments! I called the Escalation Department and told them I was changing the locks, and they made note of it. The property is being maintained and the utilities are on. The seller told them he lived in London and that the tenant just moved out... so that's how this happened. WF said it had nothing to do with the mortgage payment; just if they found the property vacant they had that right.

Comment by Sharon Molnar on August 28, 2012 at 1:04pm

Have a Wells Fargo Short sale VA owned, someone changes the locks and no one knows who and the appraiser waiting to do the appraisal. VA says Wells Wells say wasn't us must have been VA going on for over 2 weeks. No notice posted. Not in a zone where the city, county would have done it. Lockbox (my) gone. Took the one door lock off, put two on.

Comment by Mark Smith CDPE SFR on August 28, 2012 at 1:02pm

Every situation is unique, but from what Celeste is saying, I don't see a big issue at all....Celeste is your client out of the country for an extended period?  If so, who takes care of the property now?  Without a tenant, it is vacant...(and a valid reason for a short sale).  Why not let the lender take the responsibility for their investment....When your client spoke to WF I bet he told them it was vacant, or in bank terms abandoned.  Point being in some situations p/p can be a useful tool to vacant properties. 

Comment by Thom Colby 888-391-5245 on August 28, 2012 at 12:55pm

Kevin, Is this a listing you have? Did you try your key on all locks? I've found sometimes they only change / rekey ONE lock. Good luck !

Comment by Kevin - Greenville, SC on August 28, 2012 at 12:49pm

Would be great, except there is no lockbox there.  I was told there was, but there isn't and it doesn't appear like the locks have been changed.

Comment by Thom Colby 888-391-5245 on August 28, 2012 at 12:45pm

Kevin, don't wait any longer for a rekey. Call the Property Preservation Company and ask for the lockbox code, then remove the keys and put them into an electronic lockbox. You have a Listing Agreement with the OWNER which provides you access.

 

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Discussion Forum

Wells Fargo Short Sale Nightmare

Started by Fern Tzoucalis. Last reply by Fern Tzoucalis Mar 2, 2014. 6 Replies

Old World Savings Loans - Now Wells Fargo

Started by Angie Freeman. Last reply by Sharon Molnar Oct 9, 2013. 1 Reply

Wells Fargo Escalation Stalled

Started by Peggie Simmons. Last reply by Peggie Simmons Jun 18, 2013. 2 Replies

How to find a Wf short sale field manager

Started by Janice Wheeler. Last reply by Rozalyn Franklin Apr 24, 2013. 3 Replies

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