Comment

Comment by Kent Dills on March 8, 2010 at 11:34am

Good for you Kynse! U did a great job for your client!

Comment by Kynse L. Agles CDPE on March 8, 2010 at 11:25am

I closed a Wells Fargo Short Sale in January, The client just received a letter stating the mortgage has been paid in FULL!!! Awesome, we also pulled credit and it is showing as a paid in full with only 90 days late (no payments made in over 3 years).

Comment by Pacita C Dimacali on March 8, 2010 at 8:42am

Have 2 loans with Wells Fargo. First lender cancelled request for short sale because there was enough to pay off the first. Went to second lien holder (Home Equity) who was stumped why the first did that since there isn't enough money to pay off both. So he took it upon himself to communicate with the first, and he ordered the BPO. At least they're calling and emailing me back and I feel (believe!) they're working on the file.So yes, I'm much more comfortable working with them than with Bank of America and Chase.

Comment by Victoria Frieberg on March 8, 2010 at 8:39am

same thing happened with mine..they took three weeks to re-review...then changed their requested net on the demand letter, after telling me by e mail they would accept the same net. no supervisor will respond, and now that I contacted super, the loss mit person will not respond either. I have sent three e mails asking if we can have more time for the seller to now speak to legal consultant, as the second lien terms have changed dramatically.

Comment by Kent Dills on March 8, 2010 at 8:04am

They should just substitute new contract and move right along. If your negotiate says you have to start all over again call in and ask to speak with a supervisor. Buyers walk ALL THE TIME and we've never had to start all over again!

Comment by Jeff Struchen on March 8, 2010 at 8:02am

Is Wells/ASC more likely to "restart" the entire process if the buyer walks prior to closing, or will they "resume" where we left off if I procure another buyer. Experiences? We have seller accepted p/s, complete package submitted, negotiator assigned, bpo completed and the buyer rescinded offer for another property. Not a "double ended" or "in office" deal.

Comment by Ben Benita on March 3, 2010 at 5:07am

we only use the OCC when we have nothing to lose or start getting stonewalled AFTER escalating......it has been my expereince (though we have only known about the OCC for 3 weeks now) that mentioning them while speaking to ANY executive offices does get their attention.

Comment by Kent Dills on February 27, 2010 at 3:37am

Strongly agree with you Guy. I'm not just infatuated with Wells Fargo, it's true love. With very small exceptions here and there, they have the best processes, processors (which they call marketers) and negotiators. Whick leads me to believe they also have very good hiring and training programs! As an ex-corporate trainer myself - I know and admire what good training can do! ;-)

Comment by Guy Lofts CRS on February 26, 2010 at 4:42pm

4th Wells loan closed in 45 days from offer. They certainly appear to be the easiest large bank i have dealt with.

Comment by Edward Codelia on February 26, 2010 at 12:23pm

Hi Ben
Thanks for that information, I will use them on everyone!

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