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 Susana on October 28, 2016 at 8:57am

@ brett & @paula yes its an arms length transaction and they didn't request an affidavit. No title issues ... Its a Sandy home and the seller was dealing with insurance issues with WF, besides that I am not aware of any issues the seller had with WF.

Comment by Brett Goldsmith on October 28, 2016 at 8:46am

@susana I'm assuming you meant it is an arms length transaction.

Is there any weird title stuff going on? Does the seller have a long history of dealings with this servicer? I've seen only a few times where it's the seller and there's generally no getting around that.

Comment by Paula Bachman on October 28, 2016 at 8:45am

Just to be clear, you have buyers who cannot sign an arm's length affidavit?

Comment by Susana on October 28, 2016 at 8:42am

@brett its not an arms length transaction. My first buyer was denied for the same reason then they asked me to get a new buyer and also denied for the same reason.

@paula he was approved HAFA

Comment by Paula Bachman on October 28, 2016 at 8:37am

Are they denying the sellers a short sale?  If the sellers qualify for a short sale, perhaps there is an issue with the buyer.

Comment by Brett Goldsmith on October 28, 2016 at 8:31am

@susana. This happens often and you won't be able to find out the reason. Many times they think it's a violation of arms length affidavit. You should ask if you can reapply with a new offer.

Brett@ishortsalenow.com

310-564-6389

www.ishortsalenow.com

Comment by Susana on October 28, 2016 at 7:31am

Has anyone had an issue with WF denying a short sale because it doesn't meet investor quality standards. I asked the negotiator from the bank to explain what that meant and her response was that she cannot give further details. My buyer accepted the full counter offer from WF, so that clearly wasn't the issue. I have called executive office at WF and waiting on a response and called the investor on the loan who informed me that they don't deny SS because of the reason I have been given and that WF has to elaborate as to the denial. I was wondering if anyone has come across this issue and what was done to get it approved?

Comment by Elva Branson-Lee on October 22, 2016 at 12:05pm

Thanks, Helena & Dean. They accepted the ALTA upon escalation. We seem to be moving forward again, for now. 

Comment by Smitty on October 7, 2016 at 7:49am

Wendy just so you know Randall's email bounced for me today. UP ABOVE

Comment by Helena Kaucheck on October 6, 2016 at 12:25pm
Elva, I just closed 3 WF SS recently. I was asked for Sellers CD. No HUD allowed. I had both Fannie Mae and FHA investors.
 

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