Wells Fargo Short Sales

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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: 1433
Latest Activity: on Tuesday

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]

ESCALATION DEPARTMENT 866-605-0829

Wells Fargo Executive Offices:  800-853-8516

Discussion Forum

Denying Buyer

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

Escalation

Started by Steven Jackson. Last reply by Ben Benita Oct 18. 2 Replies

Online WF Short Sales?

Started by Neil L.. Last reply by Alexis Adams Aug 2. 3 Replies

Comment Wall

Comment

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Comment by Pattilynn Guilford on June 21, 2012 at 12:56pm

Thank you Jimena :) Will do...not sure if it will work on non-Fannie, Freddie or FHA but will try.

Comment by Brian Wood on June 21, 2012 at 12:56pm

Agreed, they started with a $18,000 request, then a promissory note, then accepted $500 cash.

Comment by Jimena Paridee on June 21, 2012 at 12:51pm

@Pattilynn - the last time I had one like that the seller ended up doing a $500 cash contribution at COE, I would ask the negotiator what it will take to have the deficiency released and see if you can negotiate it down.

Comment by Pattilynn Guilford on June 21, 2012 at 10:12am

Just received the new and improved WF Demand Statement 'Approval Letter' which clearly states that:

'nothing in this Demand Statement or in the release of the note shall waive the right to seek a deficiency under the loan documents or any of its other rights thereunder, and the obligations evidenced by the note shall remain in full force and effect until paid off.'

Any help or advice is greatly appreciated and will be reciprocated...ty all.

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

 

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