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: 1435
Latest Activity: Jan 6

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, 2017. 10 Replies

Escalation

Started by Steven Jackson. Last reply by Ben Benita Oct 18, 2017. 2 Replies

Comment Wall

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Comment by Dean E Eshelman, CPA, CDPE, IRES on May 26, 2015 at 2:57pm

Beth Hinson Follow then Tweet

@CFPBMilitary

Worked like a charm for me. Got the FC stopped.

Comment by Beth Hinson on May 26, 2015 at 8:39am

I have a Wells Fargo VA Compromise sale with a contract that meets the required net amount and a buyer who's willing to take on the repairs that has killed other deals. However, the foreclosure sale is scheduled for Friday, June 2. (This is the 3rd contract and the foreclosure sale date has been postponed once already.) I've escalated to Randy K. Saffel, Assistant Vice President, Wells Fargo Short Sale Division and to the VA Loan Technician "helping" the homeowners. Is there anyone else to whom I can make an appeal to postpone the foreclosure?  (Mr. Saffel has been responsive, but the sale date has not been postponed - we have less than 4 days!!) I appreciate any assistance!

Comment by Dean E Eshelman, CPA, CDPE, IRES on May 15, 2015 at 1:04pm

Ray Sande You should have an Electronic Signature approval form with the Listing side and the Sales side as a separate Board of Realtors form listing authorized email addresses signed by the respective parties.

Comment by Ray Sande on May 15, 2015 at 11:14am

Is there an electronic signature approval form?  It's a request from SS negotiator

Comment by Brigitte Powell on April 14, 2015 at 6:23am

I'm back after a long absence ...ugh - with two short sales one with Wells Fargo and one with BoA....how luck am I? Working with an attorney for the seller on this one and am not liking it. I'm used to staying on top of things and this attorney will collect 1,500 for whatever he does or doesn't do. He wanted my client to do a deed in lieu, and I practically chewed his head off. He was willing to give up after 2 offers went belly up. I yelled and they spoke to the negotiator and got a 3 month extension. I feel like I am "green" all over again. So if I ask some stupid questions please consider that I've been out for over two years.

Comment by Paula Bachman on April 14, 2015 at 5:28am

Johnna - Yes, you can send in your own generic Authorization to Release. Paula

Comment by johnna lodge on April 14, 2015 at 4:15am

Will wells fargo use a generic authorization to release? I cant find an authorization form for Wells Fargo. Does anyone have a current authorization to release form i can use? Please forward if possible. Thank you. Johnna Lodge [email protected]

Comment by Mary Wilcox on March 13, 2015 at 10:09am

Ted Blaisdell are you still helping in here?

Would you mind letting me know?  I already sent an email to you I'm just making sure you're still assisting because time is of the essence on this one. I'm hoping it's not put on the court docket. =(

[email protected]   is my email.

THANKS SOOOO MUCH!  =)

Comment by Brenda Houghton on February 26, 2015 at 10:23am

When I was dealing with a somewhat similar situation, my concern was keeping myself out of the fray. Of course the buyers know the seller has no money, but hey, everyone knows Realtors and their brokers are loaded. When you're representing a seller who defaults on a contract, the buyer's attorney is going to go where the $$'s are. At the very least, you have to spend money to prove you did nothing wrong.

Comment by Thom Colby CA Brkr 888-391-5245 on February 26, 2015 at 9:59am

I;m not an attorney - though I do suggest you get one of your own quickly.  And, maybe I'm wrong, but, you have performed under your listing agreement and are due your commission.  The Buyer's agent delivered a Ready, Willing and Able Buyer so they are due their commission from you.  I suspect since you had an approval on January 19th which you probably delivered to Seller and Buyer (agent) everyone is due their commission from the Seller.  Ok, they don't have any money but you likely can place a Lis Pendens on the property if it does not close and likely sue WF for interference and collusion.

Did Wells require their typical Addendum to the Listing Agreement stating the seller could cancel at anytime should they transfer ownership by DIL or Foreclosure?

Good luck, I really don;t think this one will close.

 

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