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: 1439
Latest Activity: Oct 10

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.MiddleI[email protected]
OR [email protected]

ESCALATION DEPARTMENT 866-605-0829

Wells Fargo Executive Offices:  800-853-8516

Discussion Forum

Investor denial

Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11. 3 Replies

Hit a wall, can we still escalate to Executive offices?

Started by Sam Hague. Last reply by Dean E Eshelman, CPA, CDPE, IRES Jun 13. 1 Reply

HELP: Wells Fargo approved SS now no contact

Started by George Blisset. Last reply by George Blisset Apr 9. 3 Replies

Comment Wall

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Comment by Brett Goldsmith on September 26, 2018 at 2:54pm

Why are they not qualified now? I'd escalate to HUD and push to get a variance on the ATP...

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Helena Kaucheck on September 26, 2018 at 1:11pm
So frustrating when this happens. Do you have documentation of the times you’ve tried to connect with the negotiator? Or anyone at WF? I’ve had this before and I’ve taken it directly with FHA. Escalate to them if the servicer has delayed.
Comment by Elva Branson-Lee on September 26, 2018 at 12:50pm

Question: Hi group. My client had an ATP on a HUD ahort sale and a strong, over-asking price offer on the table for several months. All requested documents were faxed in. The negotiator, Craig A. Bowers, let the offer sit while he went out-of-office off and on during July and August. The ATP subsequently expired in his queue. My clients are now back to square one. I re-faxed in the contract and prelim closing statement to get the file reopened. Now my clients received a letter stating they are not qualified. Wouldn't HUD prefer to have this property short sold than foreclosed?  Who can I escalate this to? Any help is appreciated. Thanks.

Comment by Dean E Eshelman, CPA, CDPE, IRES on August 13, 2018 at 4:59pm

@ Glenn S Fleisher Welcome.

Comment by Glenn S Fleisher on August 13, 2018 at 11:49am

Thanks Dean

Comment by Dean E Eshelman, CPA, CDPE, IRES on August 12, 2018 at 10:59am

@Glenn Fleisher Contact @LynnPineda --She services Broward County

First Name
Lynn
Last Name
Pineda
State
Florida
City
Coral Springs,Tamarac, Coconut Creek, Plantation, Parkland, Sunrise
My Profile
I love Short Sales and have been very fortunate to be able to help distressed homeowners avoid foreclosure. Servicing the Coral Springs Florida area and surrounding communities within Broward County Florida I have been able to gain Short Sale approvals at very high rates. So if you're looking for a professional Short Sale Realtor to help you, it would be my pleasure.

Visit my sites at: www.ImagineYourHouse.com and www.ActiveRain.com/Blogs/LynnPineda
Comment by Glenn S Fleisher on August 11, 2018 at 8:23pm

Does anyone have experience with getting a Non-GSE US Banc investor loan (Wells serviced loan) thru and approved as short sale.  Have a $597k(1st-interest bearing), $118k(2nd-non-interest bearing)

Unpaid Principal Balance:  718k

Total Judgment                   812k

Value:                                 650k

I have first offer for $500k cash so far.  My realtor is saying I must sign 3rd party authorization and sign contract despite it not saying who is paying outstanding HOA. Any advice?  I had auction sale scheduled for 07/10/18 but due to a preliiminary offer the judge cancelled this sale and rescheduled until 09/17/18.

Realtor is threatening me saying unless I sign contract without stating who is responsible for HOA he will contact Wells and say he is cancelling his representation.

  Anyone with Wells short sale experience and any realtor an expert dealing with Non-GSE and interested potentially in listing home--MUST be expert as I have been realtor actively since 1995 and have done numerous client short sales but obviously can't do my own.

Comment by Glenn S Fleisher on August 11, 2018 at 7:57pm

By the way its Wells Fargo

Comment by Glenn S Fleisher on August 11, 2018 at 7:56pm

I live in Miami and my realtor tells me I don't need to include that the buyer will pay any unpaid HOA fees outstanding.  I live in a gated community and I don't want this to hold up an approval but I don't want to get stuck for a $6400 item.

Who can tell me if I must include this on the buyers offer?  Thanks

Comment by Paula Bachman on March 15, 2018 at 2:38pm

Arisha - Did you call WF to discuss the terms of the Affidavit that you'd like to modify?

 

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