Wells Fargo- has lien on property that was a secured loan...dismissed / charged off in January. (according to everyone at WF)

first mortgage is current.     sales price satisifes first mortgage....but not the WF   LIEN.....the lien....exceeds the sales price and fmv......the lien is from another SS  the sellers successuflly completed in Jan 2011......WF agreed....closed...

but.....since the property closed in January was CROSS collateralized by current property....they placed…

I must share this story.  This occured about 9 months ago.  TRUE story!

The day before closing-I went to the house to remove my yard sign and SUPRA box.  (this was a Short Sale)  Seller's were VA home owners.   lost job, and forced to sell home to move out of state.

When I arrived at the house the husband was edging the yard...his wife was on her hands and knees in the garage scrubbing oil spots...

I asked "what are you doing"?  Their response.      "Sewing for our…

Short Sales are becoming more contemporary. The first ime I paticpated in a short sale was about 4 years ago. I barely understood the definition.

now I make my living helping individuals overcome the challenges of investments that have turned south

Thanks to Agents like Wendy who are on the front line, we can all succeed in Short Sales.

It is a financial freedom to Sellers, and Agents

Buyers who understand the process can make a great return on minimal…