Wells Fargo Short Sales

Information

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: 1429
Latest Activity: Aug 24

Wells Fargo Short Sale Information

 Click The Button Now To Hire A Short Sale       Superstar To Support You.

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

Online WF Short Sales?

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

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

Comment Wall

Comment

You need to be a member of Wells Fargo Short Sales to add comments!

Comment by Melody Medley on June 7, 2017 at 8:51am

WF is the worst! I have about 5 short sales that were all pending ATP's and I'm about 60 days out AFTER the appraisal has been completed so I feel your pain. Try reaching out to HUD directly and opening up a ticket. HUD will stay on top of Wells Fargo. You can also email HUD and confirm the variance has been approved. I take that email back to my negotiator and their manager as proof WF is slacking. [email protected] (you'll have to send in your letter of authorization first to [email protected] with the FHA Case # as the subject line, or you can email the LoA to the extension request email too) 

Call me if you want to talk... I have a lot of insight with FHA WF loans. 972-479-5329

Good luck!

Comment by Rachel Warnick on June 7, 2017 at 8:30am

Does anyone have any insight into how long WF short sales are taking in 2017?  We are 4 months into purchasing a short sale with 1 WF loan...our offer is in line with ATP, still no approval...Thanks for any help or advice!

Comment by Wendy Martin on March 22, 2017 at 2:54pm

Jim, I'm having horrible issues with Wells Fargo and appraisals.  I spent 3 hours on the phone with them, refusing to get off the phone until they found the appraisal I made them do and send it to me. Lies and games and 3 hours later they faxed it to me while I stayed on the phone to make sure it happened.  It wasn't until I told them I was calling the CFPB on the other line and my call to the local media was next that they helped me. I have to apply pressure and threaten every single time.

Comment by Jim Stewart on March 21, 2017 at 12:50pm

FHA short sale with Wells. ATP for price of $181,500 issued on 3/1/17 and good through 6/29/17, fully executed by seller and confirmed in WFC hands. Now WFC says appraisal is no longer valid and new ATP is needed with new appraisal of $205,000. Seems to me that the old appraisal is WFC's problem.  Am I wrong?  Can they unilaterally decide an ATP isn't valid anymore???

Comment by Pattie Johnson on December 5, 2016 at 7:43pm

It's FHA. I've done hundreds of them. Literally hundreds. My escrow officer has closed Wells Fargo deals recently and didn't have all the grief I'm getting. Today I sent the loan estimate (I happen to know the loan officer and work with him frequently) and a combined ALTA. If this doesn't work I think the next alternative is the Exec Team. I really try no to do that but I may have no choice. HUD is useless to complain to because all they do is repeat what the lender says. Any great contacts would be appreciated. I'm getting to where I don't want to take on FHA SS's anymore but that's what a lot are right now. It was the next best option after 100% financing liar loans went away. Those are the ones that in default the most here. Those and the people who held out and rented their houses out that are now trashed by renters. Grr, little frustrated. Can you tell? :) 

Comment by Pattie Johnson on December 5, 2016 at 12:38pm

Is anyone having issues with Wells Fargo refusing to provide an approval letter for a short sale without a Buyer Closing Disclosure? The buyer CD is done at the end by the buyers lender. A final CD is sent to WF for approval to close, of course. This document is generated by the lender and a few days before closing. I cannot get this through to WF. We gave Seller CD, estimated ALTA and an estimated worksheet of buyers costs from the lender. This is not good enough. I don't know what more I can do??

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:19pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:17pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:16pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by Aida Gonzalez on October 28, 2016 at 1:55pm

I think borrower should call his insurance and get something in writing he never cash that check. this is a valid proof that he has no money. If the property is in bad conditions and there is a claim open with his insurance that will be a problem for short sale approval. I had one case similar in the past.

 

Members (1429)

 
 
 

Members

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************