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: 1423
Latest Activity: on Wednesday

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 Firstname.MiddleInitial.Lastname@wellsfargo.com
OR Firstname.Lastname@wellsfargo.com

ESCALATION DEPARTMENT 866-605-0829

Wells Fargo Executive Offices:  800-853-8516

Discussion Forum

Wells Fargo Short Sale - HELP HELP HELP

Started by Allan Robinson. Last reply by Allan Robinson Nov 10, 2016. 3 Replies

FHA Investor Wells Fargo since June of 2015

Started by Robin Lemmons. Last reply by Gladys Nunez Nov 2, 2016. 4 Replies

Wells Fargo Short Sale: Seller Not Delinquent

Started by michael bellamy. Last reply by Gladys Nunez Nov 2, 2016. 5 Replies

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Comment by Vincent Donaldson on September 20, 2014 at 9:39pm

 

Hello, I have had approval from Wells Fargo for 5 months plus and have only till the 30th left to get an IRS lien release. For some reason the IRS people we have dealt with have no knowledge of Conditional letters of Lien Releases which are conditioned to page 6 of the approval letter, namely the The terms of approval are after certified funds are received and approval is final…

 

I hired an attorney to research the matter, who provided the judgment on the owner, which he said would serve to cause the release to be issued. However, the taxpayer advocate’s office told my congressman’s office they would need a precedent presented in the form of an actual state foreclosure case number or lien release that is tied to the execution of an approved short sale instead of a sheriff sale. Both these items are public record, but I have been unable to find how to properly research them.

The head of Wells Fargo presidents escalation research team looked up three years of short sales with IRS lien releases attached and said not one had failed to have the lien release issued when the bank settlement approval letter was presented. Although Wells Fargo has been quite helpful in this matter, bank regulations forbid his forwarding the specifics of that research me. It’s been termed a “Conditional Letter of Lien Release” by various entities.

 

Our congressman’s office has worked this issue back and forth with the Tax Payer Advocate’s office for 4 of the last 5 months with initially a negative response telling us to just have the buyer wait till the owner was relieved of ownership rights at the sheriff sale. Something all of us including our Wells Fargo contacts were surprised to get.

We are awaiting the latest “determination” based on the findings of my IRS attorney contending such releases are indeed issued for short sales as well as sheriff sales, as has been the experience of Wells Fargo short sales for over 3 researched years where IRS liens were involved.

 

However as noted above, it is that silver bullet I’m looking for that they said would guarantee the release. That needed specific evidence of a certificate of discharge, arising from a conditional letter of lien release, in a judicial foreclosure state anywhere, that is linked to a short-sale; that will then provide the precedent needed for the Tax Payer Advocate to issue what they referred to as a “Tax Payor Assistance Order” which would require the same certificate of release, conditioned upon page 6 of the approval letter, namely the The terms of approval are after certified funds are received and approval is final… to be issued in this short sale case as well.

 

Has anyone had experience getting an IRS lien release for their short sale, and could you please provide me a case number or lien release number that I can forward to my congressman’s office, so they can forward it to the Tax Payer Advocate’s office and finally get this short sale successfully closed? My Fax is 918-779-7025

 

Thank you!

Comment by Duane Murphy on September 18, 2014 at 8:42am

AWESOME! Thanks Kevin!

Comment by Kathryn Carlson on September 18, 2014 at 8:27am

With the new short sale rules-- isn't there a required time frame for a short sale file to be submitted, reviewed, and feedback?  Please advise.  Thx.

Comment by Kevin - Greenville, SC on September 18, 2014 at 8:01am

Duane,

Here is their contact info. send in your authorization with the FHA Case # on it.

FHA National Servicing Center 

(877) 622-8525 Customer Service

(469) 674-4451 Fax

customerservice@deval.us

301 NW 6th Street, Suite 200
Oklahoma City, OK 73102
National Servicing Center:

Comment by Duane Murphy on September 18, 2014 at 7:27am

Hello.

Going on 4 months waiting for a FHA approval. I have heard mention of opening a HUD ticket or requesting help from them.

How does one go about doing that??? I've never done that with any of my other short sales and at this point will do anything to get this one done!!

Thanks!!
Duane

Comment by BJ Webb on August 22, 2014 at 10:19am

Opend HUD case and FHA advised me of the following: "....Mortgagees may exercise their discretion to accept applications from mortgagors who are current but facing imminent default..."

This is such a case so I quoted  the document page and paragraph via equator to the negotiator, she just replied that I should contact someone else regarding the file, as you know on Equator now you can only message those who message you or who are named on the file, and guess what she is still named on the file. So I am back at square one SMH.

Who the escalation point at Wells Fargo?

Comment by Becky Alfaro on August 22, 2014 at 8:50am

Most current Short Sale Affidavit form needed for short sale processing. Version 2.0 GSE_2.0.pdf

Comment by Brett Goldsmith on August 20, 2014 at 11:32am

Ok, let me know if you aren't making any progress. You need to open up a ticket to get a HUD counselor assigned. You will need the fha case # in order to open a ticket.

Comment by BJ Webb on August 20, 2014 at 11:29am

Thanks Brett, I was directed to the FHA resource center, who have directed me to a third party company DEVAL.US. Which is a start. Thanks.

Comment by Brett Goldsmith on August 19, 2014 at 1:42pm

It depends on the investor guidelines if they allow borrowers who are facing imminent default to short sale. I'd open up a case at HUD to see if a variance could be placed to allow your client to be reviewed for a short sale if they are facing imminent default. Brett@ishortsalenow.com, 310-564-6389, www.ishortsalenow.com

 

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