James Faulkner
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Gladys Nunez commented on James Faulkner's blog post Wells Fargo - Short Sale Rejected - Looking For Suggestions
"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…"
Oct 21, 2016
James Faulkner commented on Wendy Rulnick's group Wells Fargo Short Sales
"So here's the latest.  I purchased this 3 family 10+ years ago as a residence, and then refinanced it 4 years ago as an investment.  Wells is rejecting my request because they are saying it was purchased as an investment.  They…"
Sep 14, 2016
James Faulkner commented on James Faulkner's blog post Wells Fargo - Short Sale Rejected - Looking For Suggestions
"I am basically done for.  FHA wont approve it because its an investment property and my credit score is to high. Thankfully I have a partner so I am not eating the entire loss if and when we sell it. Love how banks get a bailout but the…"
Sep 8, 2016
Brett Goldsmith commented on James Faulkner's blog post Wells Fargo - Short Sale Rejected - Looking For Suggestions
"Can't generally get around this without a really solid reason for a variance. Being current on the note doesn't happen either. You can try to open a case at HUD to see if that helps. Tough circumstances due to HUD…"
Sep 7, 2016
James Faulkner commented on Wendy Rulnick's group Wells Fargo Short Sales
"Thanks everyone.  I did the twitter escalation last week, and I will try the .gov complaint now."
Aug 22, 2016
James Faulkner commented on Wendy Rulnick's group Wells Fargo Short Sales
"I know the short sale will ding my credit, but I can mitigate that.  I cant mitigate a default or foreclosure.  At least that's what my lawyer saids."
Aug 22, 2016
James Faulkner commented on Wendy Rulnick's group Wells Fargo Short Sales
"The property is local to me. In Fitchburg, MA.  Its under water a 100k, tenant situation is impossible, and my job depends on my credit score so I am really over a barrel here."
Aug 22, 2016
James Faulkner commented on Wendy Rulnick's group Wells Fargo Short Sales
"After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request.  The reason they gave me "Occupancy or Rented more than 18…"
Aug 22, 2016
James Faulkner joined Wendy Rulnick's group
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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.See More
Aug 22, 2016
James Faulkner replied to Sharon Vest's discussion Wells Fargo, can't make any headway
"I went through the same nightmare on my short sale request.  They made me wait ten months, would ask for one document at a time, told me they were going to do an appraisal finally a couple of weeks ago, and then just rejected my…"
Aug 22, 2016
James Faulkner posted a blog post

Wells Fargo - Short Sale Rejected - Looking For Suggestions

After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request.  The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met".  Its a BS reason. I am fighting it through the executive escalation team.  Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank.  This property is ruining me financially and mentally. …See More
Aug 22, 2016
James Faulkner is now a member of Short Sale Superstars
Aug 16, 2016

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First Name
James
Last Name
Faulkner
Are you a...
Seller
State
MA
City
Dracut

James Faulkner's Blog

Wells Fargo - Short Sale Rejected - Looking For Suggestions

Posted on August 22, 2016 at 5:55am 3 Comments

After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request.  The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met".  Its a BS reason. 

I am fighting it through the executive escalation team.  Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank.  This property is ruining me financially and…

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