Wells Fargo Short Sales


Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)

This group is for information, tips and solutions for Wells Fargo short sales.

Members: 1438
Latest Activity: on Thursday

Wells Fargo Short Sale Information

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Wells Fargo Short Sale Info and Items Needed

Wells Fargo Short Sale Dept 1-866-903-1053    (see below for ASC forms)
Short Sale FAX 1-866-969-0103
Letter of Authorization Fax 1-866-917-1877

Mortgage Servicing 1-877-841-5301.

Wells Fargo Line of Credit Division 866-961-6861 or 866-970-7821

Third Party Authorization: 866-917-1877 (fax)
Fax: 866-834-7850 or 866-834-7949

Email format [email protected]
OR [email protected]


Wells Fargo Executive Offices:  800-853-8516

Discussion Forum


Started by George Blisset. Last reply by George Blisset Feb 2. 7 Replies

Denying Buyer

Started by Susana Nunez. Last reply by Cami Pinsak Oct 26, 2017. 10 Replies

Comment Wall


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Comment by joe beauchamp on June 21, 2012 at 6:42am

@Paula - it is always good to know who the investor is as their guideline is what should be used for just about everything.

You might try tweeting @Ask_WellsFargo - people have had success with them.

Comment by Paula Johnsen on June 21, 2012 at 6:02am

OK... I need help I have Short Sale that Wells Fargo will not review as they are stating that the Short Sale does not fall within the Imminent Default guideline. When  I look up Imminent Default it states that the benefit is caused by loss of job or illness. Well this family has had budget cut for the husband with a 20% reduction in the last two years and now their daughter has been assessed with a special health issue that their insurance will not cover all the treatment. All of this information has been sent to Wells Fargo. This poor family has struggled using their savings account to stay current. They even did a loan modification 3 years ago..

Any suggestions out there.

Comment by Neil L. on June 20, 2012 at 2:07pm

done, thanks

Comment by Melanie Yarberry on June 20, 2012 at 11:09am
Hi - Does anyone happen to have contact info for Scott Mell at Wells Fargo? We've reached out to a supervisor who hasn't returned any of our calls and I'm trying to climb the chain. Any help is greatly appreciated!!

Thank you!

Comment by Neil L. on June 19, 2012 at 10:38am

Does anyone have a list of allowable closing costs for an FHA Wells Fargo? We're generating a HUD and need to know what we should exclude.

Comment by Larry Izenberg on June 14, 2012 at 1:27pm

Hello - is there a Wells authorization form or can we use a generic form?

thank you - Larry

Comment by Dac Colden on June 12, 2012 at 1:03pm

I ran into the same thing recently. I would suggest that you submit a valuation dispute. This is what I was told to do by someone that claims to have been part of the FHA escalation team, fax over three or more recent comps to support the current value of the property. Make sure you mark each page in the upper right with identifying information for the loan and property address. In the top center put the words "Valuation Dispute". Call 24 hours later to confirm receipt and request that they submit for a valuation dispute. They will research to see how many valuations have been performed to date. I am told that FHA will only authorize 2 valuations to be performed total on the property. If there has not been 2 valuations, they will review your comps and most likely order a second valuation. If there have been 2, I have been told that, they will not review the comps and deny the dispute. I am currently waiting for their escalation team to finish their review of the file to find out the outcome of my request.

Comment by Jim Stewart on June 12, 2012 at 12:41pm

Looking for "Next Step" advice from the group here. Have a FHA short sale that was approved for PFS program but went through the entire marketing period without selling due to a high appraisal value.  After the ATP expired the seller filed chapter 7 and has now been discharged but is still willing to sign for a short sale.  WFC has not yet started foreclosure again since BK discharge.   WFC tells me just to send them a whole new package with an offer, which I did only to be told it is "insufficient" without any other guidance or allowing a short sale to be set up in their system.  Can others provide insight as to how they got short sales approved AFTER the ATP has expired? 

Comment by Kevin - Greenville, SC on June 8, 2012 at 9:37am

@Jessica - https://www.wellsfargo.com/downloads/pdf/homeassist/attorneys_gener...

For qualified borrowers with financial hardship, expanded first and second mortgage modifications that broaden the use of principal reduction to help customers achieve affordability, as well as an expanded short sale program, that would include waivers of deficiency balances.

Comment by Joanne Hodge on June 6, 2012 at 1:56pm

Does anyone have experience with Wells Fargo VA Loan "VA Compromise" short sale in California???  Thanks for any insights you can give.


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