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Wells Fargo okays repairs

Posted by Wendy Martin on October 5, 2011 at 5:57am in Short Sale Discussions
Well this is new...the buyer on my short sale listing asked for repairs from Wells Fargo and I sent it in thinking NO WAY.  Well, surprise, Wells accepted the lower offer amount within 3 days. Wells has been so amazing lately, I feel like I'm dreaming.  You hear that BofA?????

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Replies

  • Lillie Handy Dominguez November 4, 2011 at 6:03am

    Did the buyer reduce the offer price to cover the cost of repairs?  Is this what WF approved?  I'm trying to get them to approve $1,200 to treat the well water.  ANy suggestions welcomed.  Lillie

    • Wendy Martin > Lillie Handy Dominguez November 4, 2011 at 6:22am

      Yes Lillie the offer price was reduced by $2600.  Just sent the home inspection in with bids and got a new approval letter quickly.  I did NOT ask if it was okay, I just sent it to the negotiator ad te investor approved it.

  • Smitty October 5, 2011 at 6:09am
    That's awesome.  I got the same thing recently on a BOA deal, however our state had some strict requirements for closing so we couldn't close without the repairs.  I LIKE when they work like that.
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