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: 1426
Latest Activity: Jun 11

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 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.

Comment by Susana on October 28, 2016 at 12:35pm

@Aida yes the check is for a large amount. I am set to call with my buyer and hopefully they can provide a reason.

Comment by Susana on October 28, 2016 at 12:33pm

@Helena thank you I will let you know how this turns out as I am determined to get to the bottom of this.

Comment by Aida Gonzalez on October 28, 2016 at 11:21am

May be WF assume seller cashed insurance check and has money to pay mortgage. Is the check a high sum? otherwise re start again the ss after borrower call WF and ask for a reason.

Comment by Helena Kaucheck on October 28, 2016 at 11:21am

Love to know how this turns out....It has happened to me like I mentioned and it's truly uncalled for that the Servicer can't provide a clear reason to you or your Seller.  I'm hoping for the best for you!  

Comment by Susana on October 28, 2016 at 11:09am

@Aida the seller is currently unemployed that is why he chose to go for a short sale. Buyer is not related to seller.

Comment by Susana on October 28, 2016 at 11:08am

@Helena no I'm not dual agent. I will have my seller call WF directly in hopes they can give him  more detailed answer as to the denial. They countered and the buyer accepted the full counter offer. I am waiting for executive office to call me they were going to investigating why its been denied. The seller's hardship is valid he is currently unemployed.

Comment by Susana on October 28, 2016 at 11:03am

@brett yes they took out a claim, the work wasn't completed. I was just informed that the insurance issued another check but seller never cashed or sent to WF. Would this cause them from denying the SS?

Comment by Aida Gonzalez on October 28, 2016 at 9:30am

I have 2 questions @ susana. does seller qualify financially for the short sale? the other question is. Is buyer related to the seller? find out, if yes, none lender will approve it.

 

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