"Our listing went back to Wells Fargo a month or so ago. After 3 offers, one all cash and only $15K under list, Wells, or perhaps I should say the investors, accepted an offer that was $10K less then our best offer. Go figure, all that…"
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Becky and Gary Viles replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales
HENRY TRAN replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"I got a listing for 6 months, got offer at listed price 300K. Wells HAFA appraised at 340. I relisted at 340K. No offer in 2 months. I emailed , called the negotiator. No response. Pls help"
Regina Meshenberg replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"To get through the gate keepers you have to have all of your paperwork in order. A singature missing or a document not fully legible will keep you in limbo.
Once you get past document collections its all sunshine and lollypops =)"
Tanya Jeske replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"I too have had the same exact thing happen to me with a short sale I have had since July of last year. We have gone through four buyers and the last one is sticking around, but not sure for how much longer Wells Fargo gave us an approval for…"
Andrew Ostrander replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"Yes, unfortunatately this continued to fall through the cracks with Wells Fargo, despite numerous attempts to get their attention. The seller has requested rescission and we are waiting for WF's answer. I may love working with Wells…"
Harold Michael Jones replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"I was wondering if your client's house was foreclosed?"
Andrew Ostrander replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"I have LOVED working with Wells Fargo for years as they are the most consistent. However, I have one deal right now that is making me pull my hair out. A short sale that took 6 months to approve, but the buyer walked due to the…"
Tina C. Cole replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"I agree, I have been on the selling side of two in the last few months. Wells came back with counter offers for more than market value on one and very unreasonable on the other. The Realtors on the listing side were…"
Kristine McCarty replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"It is not just you, I have to say the same thing. What happen to working together to get to a final result. It is like they are against us and we are the enemy. They have changed policies since January and are driving me…"
Lori Young replied to Becky and Gary Viles's discussion Our short sales property just gone back to Fannie Mae in the group Wells Fargo Short Sales"Call the foreclosure attorney. Fax your offer to them directly and ask that they send to Fannie Mae."
Becky and Gary Viles replied to Becky and Gary Viles's discussion Our short sales property just gone back to Fannie Mae in the group Wells Fargo Short Sales"Thanks"
"Call the Attorney's office that represented the bank in the foreclosure and call to ask if the property has been assigned to a listing agent yet, and if so, who is it?"
Becky and Gary Viles replied to Becky and Gary Viles's discussion Our short sales property just gone back to Fannie Mae in the group Wells Fargo Short Sales"Thanks so much! This is helpful."
Eric Kronenwetter replied to Becky and Gary Viles's discussion Our short sales property just gone back to Fannie Mae"Hi Becky and Gary. I have had this situation happen, too, and all Fannie will tell you is to keep checking their HomePath website. In my experience, the property will be listed there as "coming soon" before it hits the MLS. It will also…"
Becky and Gary Viles added a discussion to the group Wells Fargo Short Sales
Our short sales property just gone back to Fannie Mae
My husband and I had an offer, we wrote ourselves, on one of our short sale listings but Wells Fargo went ahead and foreclosed. When we called, we were told that it has gone back to Fannie Mae. Since our buyers are still interested, is there a way to find out who the agent is that will be doing the new listing before it hits our MLS?
Becky and Gary Viles replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales"Thanks. The foreclosure had been pushed out twice already for the other offers and I even wondered if there was some kind of guideline, there are so many, that the investors wouldn't allow more then two postponements."
Profile Information
- Occupation
- Real Estate Broker
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- Portland Oregon and surrounding metro areas. Beaverton, Aloha, Hillsboro, Lake Oswego, Tigard, Milwaukie, Tualatin, West Linn
- Website
- http://www.HomeInOregon.com
- Short Sale Transactions Completed
- 0-5
- Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
- No
- About Me/Profile of yourself: - Please add your Brokerage Company name also!
- Husband and wife team with Oregon Realty Co. Both of us have taken multiple classes in short sales and are closing successfully. Even short sales that involve bankruptcy too. We're patient and experienced. CRB, CRS, ABR
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- July 19, 2010
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Comment Wall (1 comment)
- At 9:14pm on October 27, 2010,
Robin Lemmons said… - I'm trying to respond to your question regarding your offer that was not submitted by the negotiator. I am having the same experience. I would definitely escalate the file to at least the negotiator's manager. After several emails requesting an appeal of the BPO because it was totally out of line with the comps in the neighborhood, I received a document from SpecialtyResolutionTeam@wellsfargo.com allowing me to dispute the BPO. I do not know the outcome yet as I just submitted the supporting documents yesterday.
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