Contact No. for Executive Office of Wells Fargo

Does anyone know the contact numbers for the executive office of Wells Fargo. Got a short sale where contract price was approved, but asking a large promissory note from borrower. This is the third time they are doing this to the borrower. He is ready to do a DIL last year, but WF told him to do a short sale again. So I have a cash buyer, accepted WF counter-offer, but now the promissory note comes up again. WF told the borrower last year that they will take care of the note, and go ahead ,try a short sale for the third time.

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Permalink Reply by kristi on September 27, 2011 at 7:43am

Most all of the notes or cash contributions are negotiable. Everytime they inform me of a note or cash at closing from the client i send them a letter from the client showing that they are solvent and they usually waive it. If not ask for a cumber (lump sum0 cash amount instead of the prommisory note and see if the buyer will pay that on behlaf of the seller by creating an addendum. Hope this helps

Permalink Reply by Celeste ODea on September 27, 2011 at 2:37pm

Kristi - I think you mean you tell the bank they are "insolvent" and not solvent, don't you?

Elvira, I suggest you have the homeowner write another hardship letter and go more into detail about their personal and financial hardship and submit it to the bank. Find out who the investor and MI companies area and send a copy to them as well.

Permalink Reply by Elvira Quiray on September 28, 2011 at 2:29am

Thank you all for your input. It is an investment property for the borrower and the investor and MI company will not let him go easy. It is in a neighborhood that is not very desirable. I will take your suggestions and try again.

Permalink Reply by Pamela Lester on September 30, 2011 at 7:05am

Other than Fannie Mae/Freddie Mac we are having a hard time with underlying lenders disclosing who the investor/insured is. Does anyone any suggestions?

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