Comment

Comment by Sylvia Barry on December 18, 2010 at 1:31pm

Kathleen - I think you should ask WF - they will let you know if the same negotiator will negotiate both loans.

Comment by Melissa Colvard-McKinsey on December 18, 2010 at 12:25pm

Jim, Here is the contact information for our rep. Maybe he can find out who your local one is.

 

Chris A Hall

[email protected]

209-599-6783

800-985-0073 toll free

 

 

Comment by Jim Schneider on December 18, 2010 at 11:45am

@ Thom, how do I figure out who to call, my local Wachovia person?

Comment by Kathleen Lordbock on December 18, 2010 at 8:53am

New SS listing:  1st WF- Freddie and 2nd WF.

When an offer comes in do I send two complete SS packets to WF /separate for each loan number)?

Comment by julia hwang on December 18, 2010 at 8:17am

Thank you for all your answer, Bryant. It helps me a lot. Julia.

Comment by John Treadwell on December 18, 2010 at 8:11am

Ok Let me know here  Wells Fargo did the Hafa approval ,which only gives the 2nd lender 6% of the debt  which in this case turns out to be only 875.00 for BOA.  If all the major lender are playing in the HAFA program does the 2nd lender BOA  have to accept the terms,  BOA has declined the approval ,and wants everyone to go back start over on a Reg. short sale now ,so they can get more money ?? 

Comment by Thom Colby CA Brkr 888-391-5245 on December 18, 2010 at 5:15am

Jim -

All the World loans are still being handled separately - and believe it or not, by Wachovia representatives.  Find your local "Wachovia" person.  These are the easiest deals to get done!  Minimal paperwork (only 13 pages which includes the Purchase Agreement), no hardship necessary, decision in 10 days or less, representative from Wachovia will go on the listing appointment with you to help speed up the process and a 1% bonus to the Listing Agent if you can get it closed by February 28, 2011 on top of a 6% commission. 

Wachovia / World is "all about" the REALTORS - they will bend-over-backwards to help and to get them closed fast.  They are the smartest of all the servicer / lenders because they want us to help them clear the inventory of troubled or potentially troubled loans.

Best of luck,

 

Thom Colby

Broker

Newport Beach CA

Comment by Jim Schneider on December 18, 2010 at 3:48am

Jennifer,

I'd also contact HUD, they may be able to push along Wells. See the HUD section on this site. Note, your letter of authorization is required to be addressed to HUD and not mention the lender. It helps to referrence the FHA case # as well as the loan number.

See below for a few facts on servicer's requirements to mittigate loss on FHA insured loans.

pre-foreclosure-sales

24%20CFR%20%2030.35.pdf

Comment by Bryant Tutas on December 18, 2010 at 3:09am

Jim. Is it a HAFA or FHA short sale? Other than those 2 I am not awares of any pre-approved short sales.

Comment by Bryant Tutas on December 18, 2010 at 3:08am

Jennifer. You just have to keep pushing. It sounds like the file is being worked if yo have received 2 emails form the negotiator in the last few days. However the chances of this closing by the end of the year are  real close to nil. The buyer needs to start working on how they are going to close in January.

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