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Wells Fargo Short Sale Info and Items Needed
Wells Fargo Short Sale Dept 1-866-903-1053 (see below for ASC forms)
Short Sale FAX 1-866-969-0103
Letter of Authorization Fax 1-866-917-1877
Mortgage Servicing 1-877-841-5301.
Wells Fargo Line of Credit Division 866-961-6861 or 866-970-7821
Third Party Authorization: 866-917-1877 (fax)
Fax: 866-834-7850 or 866-834-7949
Email format [email protected]
OR [email protected]
ESCALATION DEPARTMENT 866-605-0829
Wells Fargo Executive Offices: 800-853-8516
Started by Beth Walsh. Last reply by James Franko Nov 1, 2021. 6 Replies 0 Likes
Started by Kay VanKampen. Last reply by Brett Goldsmith Oct 8, 2019. 2 Replies 0 Likes
Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11, 2018. 3 Replies 1 Like
Comment
I needed to send in the Death Certificate and the Court order appointing the, in my case, Administratrix. Then, all was fine.
The estate had no value, basically, so the approval was relatively quick..
Unique Situation?
Seller is deceased, trustee has authorized me, trust attorney has provided a letter (on attrny letterhead) explaining AZ state law along with authorization. I have sent in all appropriate docs several times since MAY 2011. I have yet to speak to anyone at WF that can can help as no one seems to know nor understand what to do when the borrower has passed on and the trust has taken over.
Any help will be greatly appreciated.
VH
Phil, you might want to see if the seller will contribute something or possibly the buyer. Then check with wells to see if they will allow it. In a previous deal with wells they did not allow the contribution so the seller reached an agreement with the 2nd for 50% (in my case) pre-close and then the Wells approved hud showed no 2nd. Often the 2nd will make more from the loss than the 10% so you have to find out where the cross over point is for them to see a better reurn.
Phil -
Tell the credit union that 10% is a deal. 6% is more likely.
And tell him your client will "occupy" his entrance with a sign saying that they are forcing people to bankruptcy because they won't cooperate on short sales. :-)
I am working on a short sale with wells fargo where my seller is current and prove imminent default. Gave bank doctors notes and bills. Mr. Seller is very responsible with debts no matter how they can pull bills he will pay. Mr. Seller is on deployment and wife is serious medical condition, had lung transplant and followed by complications. She needs to move to base housing close to a hospital. I have been working on this short sale since July. HAFA declined. HAP decline and now investor declined. Where do I go from here?
I have a deal with Wells Fargo that they are only paying 10% of balance for the 2nd which is $8,900, the 2nd lien is with Golden 1 credit Union. They are not accepting $890. as a payoff, they want the full amount of $8,900. I have talked to a manager and he said they don't accommodate on short sales and they want the full balance, he doesn't care if it forecloses. Any suggestions???
Heard of a short sale being considered due to imminent default? I have one short sale with Wells Fargo due to wife's medical serious condition and will default. Appreciate any input and what wells fargo wants to see.
I was told by the negotiator, that the addendum had to be done prior to closing, when I asked her if we could do it at the closing table. Sounds like Kent has had many successes by having it done at closing, which makes alot more sense.
We often close by mail and overnight- so this is a huge pain. We have had each group sign and get it notarized where they are at and then submit all the pages of this foolishness together!!
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