Wells Fargo Short Sales

Comment

Comment by Bill Gustafson 6 hours ago

I have had a short sale that I have been trying to get done dince July +/- ... the latest response I got from W/F was in their "super secret" secure email system that said "two months" .... anyone have a clue???

Comment by Vicki Pedersen 9 hours ago

I just got off the phone with Wells. We've been waiting to hear whether the investor would postpone the foreclosure sale. I was told that Wells Fargo has a new policy for all short sales that they will not postpone a foreclosure sale unless there is already full approval from Wells and the buyer can close within five days of the scheduled trustee sale. WOW!! I would guess that Wells won't be doing very many short sales from this point forward and for the most part for only those who are making their payments. They are punishing those who can't (or don't) make their house payments.

Comment by Pamela Walsh 1 day ago

Help with Wachovia!!! I was just informed by a negotiator at Wachovia that they do not postpone foreclosure sale dates....Period....No exceptions. She declares this policy was mandated the end of July. Fact or Fiction? If so, have you had success in skirting the policy and getting a postponment?

Comment by Vicki Pedersen 1 day ago

I'm working on a Wells Fargo short sale. There is only one loan - and it is Wells. The investor is Freddie Mac. The negotiator requested that the investor postpone the foreclosure sale eight days ago. Wells tells me that we just have to wait to get a response from the investor. The sale is scheduled for September 7. Does anyone have any experience with a simlar situation with Wells and who I could contact at Freddie Mac? Thanks.

Comment by Kathy Sheldon on August 31, 2010 at 2:11pm

You are welcome, Brigitte........... maybe they will come in handy in the future.

Comment by Brigitte Powell on August 31, 2010 at 1:49pm

Thanks Kathy, I will treasure those numbers and that email :-)

Comment by Kathy Sheldon on August 31, 2010 at 1:28pm

Although I was not successful in stopping a Trustee Sale this morning, I was able to speak to a couple of Wells Fargo (Fannie Mae only) supervisors and one manager. Finally I spoke to someone that knew what they were doing! Here is their contact info:
Leah Gambel, Supervisor (803) 396-4340
William Bieber, Supervisor (803) 396-6295

Kimberly Valdivia, Manager kimberly.valdivia@wellsfargo.com
(She called me back, so I was not able to get her direct phone #)

Hope this helps someone!

Comment by Brigitte Powell on August 30, 2010 at 7:29pm

Naturally :-)!!! Better yet........
Yes you may use my compliments as a testimonial :-)
Brigitte Powell

Comment by Ben Benita on August 30, 2010 at 6:36pm

nice...a SUCCESS story....don't see many of those!!!!

Thanks for the compliments, can I use that as a Testimonial!!!!

;-)

Comment by Brigitte Powell on August 30, 2010 at 6:30pm

Ben comes thru as usual :-) . Like I said, did exactly what Ben told me to do, Faxed AND emailed to negotiator (Rosie) :-) and her supervisor. We got it closed....and I am done.
I have another one in the works where GMAC says the MI wants 7,000 from the Seller. I have an offer coming but want to know if they are going to come off the 340,000 or nothin' kick.

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