Replies to This Discussion

Permalink Reply by Bryant Tutas on December 10, 2011 at 10:19am

Unfortunately it has been my experience with Wells Fargo that they will NOT let you switch buyers. You can ask but chances are you will have to start over.

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Permalink Reply by Ruben Riviera on December 12, 2011 at 10:08pm

Thank you so much.

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Permalink Reply by Eric Mieles on December 11, 2011 at 8:57am

Is the buyer coming in under the approved terms per the approval letter?

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Permalink Reply by Ruben Riviera on December 12, 2011 at 10:05pm

Yes, thank you for your help. 

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Permalink Reply by William F Griffin Jr on December 11, 2011 at 9:44am

We had a Wells Fargo Approval and the buyer walked one day before we got the approval.    We moved a new buyer in who was ready to close subject to the terms of the approval.  Wells declined the short sale and we had to start new.  had to resubmit a new short sale package.  Took two months to get the new buyers approved. 

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Permalink Reply by Ruben Riviera on December 12, 2011 at 10:07pm

Thanks....I will call them tomorrow. 

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Permalink Reply by Cody Lampariello on December 12, 2011 at 10:56am

Ruben,

I have found that Wells is Negotiator dependent. Your only hope is that you have a good relationship with them. Just give them a call and let them know what going on. Make sure your other contract is signed and ready to go and there are no changes that need to be made to the monetary figures on the approval then cross your fingers. I've had situations where I can switch with Wells and situations where they decline the file.

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Permalink Reply by Ruben Riviera on December 12, 2011 at 10:06pm

Thank you.

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