Comment

Comment by Janet Fuller CDPE, HRC, ABR on February 23, 2010 at 8:28pm

It is called the HAFA and this must be their primary residence starts 4/5/2010 - Cambell surveys had a webinar yesterday

Comment by Sara Mehrpouyan Los Angeles CDPE on February 23, 2010 at 8:23pm

Anyone else heard that Wells Fargo is going to implement a short sale process similar to that of Wachovia with seller incentive and shorter response time? Another agent sent me something that mentioned it and it looks identical to Wachovia's Fast Track.

Comment by Steele V. Propp on February 14, 2010 at 10:49am

Loan value doesn't really have that much to do with it. Present value does. They will have a BPO done and usually allow a small discount off of that. 10% or so.

Comment by Sonny Bess on February 14, 2010 at 9:13am

Can everyone give me the percent that WF discounted the loan so I have a basis to work with.

Comment by Janet Fuller CDPE, HRC, ABR on February 13, 2010 at 9:36am

I had a deal back this summer with Wachovia/Wells Fargo - Titanium Solutions helped us negotiate - gave us 7% commission and allowed the seller up to $2500 in relocation assistance (he moved prior and took all appliances including the air handler)

Comment by Karin Christa on February 13, 2010 at 1:24am

They are very strict with their loan programs and the rates are not the best.

Comment by lisa imhoff on January 22, 2010 at 11:08am

Just closed one with Wells and ASC what a fast and smooth short sale if only b of a could be as good

Comment by Debbie Parkans, CDPE, CSSG, CRS on January 21, 2010 at 8:41pm

Closed one in November - Main issue was that Wells 1st would only pay Wells Finance a certain amount and Wells Finance would not budge. Ended up cutting commissions to do it. Seller had absolutely no money and Wells (neither) would budge - What a mess!

Comment by Janet Fuller CDPE, HRC, ABR on January 21, 2010 at 8:32am

My most successful sale was 26 days from submission to acceptance letter - even giving the cash investor his 45 day close window. Wells Fargo/Wachovia is the best.

Comment by Mike Linkenauger on January 7, 2010 at 10:47am

I always say that Wells Fargo is very "Systematic". They are the only "big four" lenders who actually have consistency and a good system down. They want what they want when they want it, and they expect agents and negotiators to be on top of things. I go and get ALL the above Wells Fargo addendums signed off on in advance, and actually send them ALL in with the short sale package! Definately will shave a few days off the process!You can expect an answer from a completed Wells Fargo package in around 4-5 weeks.

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