We were "approved" by Wells Fargo to complete a mortgage assumption. It was during this process that we learned we have a SILENT lien on our house from a 2013 Hud Partial Claim. We were shocked- long…Continue
"The cash flow sheet showed a negative flow which baffles me that they denied it. I threw everything but the kitchen sink in that worksheet. They were looking at "overtime" and bonus payments made and because of this said we are technically…"
"We were denied participation in a short sale by wells fargo because of income and we are current on the mortgage demonstrating that we ARE able to make the payments. Processor said I can appeal and resubmit the financial worksheet with whatever…"
Will this also work with an FHA loan? We JUST started the process to get the ATP (approval to participate) in a Short Sale with Wells and the specialist DID mention that because we are not delinquent it would be a bit harder to…"
"Sorry to hear about the difficulties. Partial claims are generally placed on property's as part of loan modifications for FHA borrowers.
Wells Fargo is a tough servicer. If you can't have the loan assumed and want to get out from under the…"
"This is terrible and exactly what we are afraid of. We would like to start a short sale process with Wells Fargo but they can't manage to answer simple questions on the phone so i am unsure if they are capable of giving us honest information…"
We were "approved" by Wells Fargo to complete a mortgage assumption. It was during this process that we learned we have a SILENT lien on our house from a 2013 Hud Partial Claim. We were shocked- long story. Fast forward. We now cannot complete the assumption WITHOUT the "due on sale" clause being triggered because its a "sale" regardless of it being an assumption.There is NO way we have 70K laying around to pay this. Our "buyers" are aware of the lien and are FINE purchasing the home with said…See More
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( [email protected] ) for the full details.
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