"I know - but this is exactly what happened to me. Other deals had been closed, but they stood firm with this one. I went to executive office as well. Executive office opened a case and then came back and told me the exact same…"
"@ Helena they are telling me due to proprietary they are unable to give me further explanation as to why. I have contacted executive office and case has been opened. So we will see what happens.
"I agree with Brett, it could be due to the arm's length. Of, does the buyer have his own agent? If not, that could be the issue. Does the buyer's agent also happen to be the mortgage loan officer? If so, that could be the problem. Does the…"
It sounds as if the buyer you are working with is an investor. I have had the same thing happen with Wells Fargo and an investor purchase. I agree with Brett that it is most likely that WF is interpreting this as a violation…"
"I had one case like this a long time ago. If they don't release information to you, the Seller may be able to speak to WF to find out why. The only other way, that I recall, is to try and get a rough answer meaning it may not be the…"
"I've seen this on more than one occassion. You likely won't find out why. They likely feel it's a violation of arms length or something along those lines or maybe WF flagged that buyer. You should ask if switching buyers can resolve…"
I'v been working on a short sale with Wells Fargo and today I get an email that stated "we can’t proceed with the current buyer due to the transaction not meeting Wells Fargo standards", but no specific reason as to why. I have closed other deals with this buyer and haven't had a problem. In turn I emailed the negotiator to please explain further and he tell me he can't because it's proprietary information. Has this happened to anyone and if so what steps was taken to get it approved with the…See More
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