Well, in 33 years as a Realtor this has not ever occurred. I'm in middle of a Wells Fargo short sale, 1st and 2nd. The seller passed away last week, has a trust and the successor trustee is more than willing to move forward with the short sale. I have copies of the trust which I sent to my negotiator HOWEVER the negotiator just denied the short sale due to the fact she feels it needs to go through probate!! My response: "it's in a trust, no probate necessary!" She still insists it's denied. I've asked for supervisoral assistance but since all occurred on Fri I won't get any where til Monday.
Anyone else go through this and if so how did it get handled?
Was the actual NOTE taken in the name of the Trust or was the Title transferred into the Trust afterwards?
Best of luck,
Newport Beach CA
yes, the sellers heir has contacted an attny and he has written an email directly to the negotiator this morning. We have yet to hear back. The home was in the trust prior to this loan so the trust was in force. I will keep all posted
thanks!!! if you have any other contacts for me it would be super!
CORRECT its a Trust. Keep in mind that the negotiator does not practice real estate. Send her documents or articles that support the Trust circumventing probate. She will be forced to show them to a supervisor - It works!
Best of Luck
btw - Thanks for stopping by my Broker's Open