Comment

Comment by Kelly W. Maynard on October 31, 2012 at 3:39am

B of A is servicing a loan owned by Wells Fargo.  Wells Fargo, the investor, is assigning another service company to service their loan.  Does anyone have a contact for the investor side of Wells Fargo?

Comment by Wendy Rulnick on October 30, 2012 at 10:09am

Thanks, Kevin!

Comment by Kevin - Greenville, SC on October 30, 2012 at 9:37am

Wendy,

Yes, Equator has been used on all the recent VA Compromise Sales I've done with Wells Fargo.

Comment by Wendy Rulnick on October 30, 2012 at 7:51am

Who has recently done a Wells VA Compromise Sale? Did you use Equator or not?

Comment by Jan Brito on October 30, 2012 at 7:27am

How long should it take for Wells to review an FHA short sale request with an offer submitted?

Comment by Jan Brito on October 26, 2012 at 11:25am

AnaLee - I just closed a Wells short sale last week with a first and a HELOC (both with Wells) in which BOTH approval letters stated the deficiency was waived.

Comment by Cami Pinsak on October 26, 2012 at 8:06am

FYI - Wells Fargo is having some issues with their secure e-mail program today.  If you can't open one, its not you, its them!

Comment by AnaLee Schnell on October 26, 2012 at 6:39am

Does anyone know if Wells Fargo is offering deficiency waivers on all their loans? I have a short sale approval letter that states they can seek deficiency and when I called and spoke to the person who wrote the letter she stated the deficiency was in fact being waived; but they will not provide me anything in writing. The investor is also Wells Fargo. I dont know who I can talk to. I have no phone numbers for anyone working on the file. Danielle Lee is my closer. Jason Bruch is my negotiator and they both do not respond to emails and I have no phone numbers for them. Anything you can tell me will help. Thank you

Comment by joe beauchamp on October 24, 2012 at 12:18pm

Escalations is often better, however, I give most bankers a 40% chance of being right/telling the truth. You should always try to find who the investor is, if you do a number of short sales, because you can tell when the banker is making things up. In your case, what do you have to lose by calling the investor? With luck, you'll find someone above the phone answerer level who will tell you that they prefer to do the sales instead of foreclose and will give the bank a call for you.

Comment by Sharon L. Ellsworth on October 24, 2012 at 12:11pm

Just got off the phone with that number and was told that due to the investor's guidlines they can't reinstate.

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