2 more Wells Fargo approvals

Estate of deceased seller:

Amount owed:

1st: $530,000
2nd: 62,000

Sales price:

$250,000
Net to first: $226,000
Net to second: $6292
6% commission

 

 

 

Investor owned property:

Amount owed:  $550,000
Sales price:

$148,000

Net amount: $124,000

5% commission

Wells covered the past due HOA fees also

 

Views: 22

Replies to This Discussion

Permalink Reply by Craig Barry on May 3, 2010 at 8:57am
Scott- How did you get them to take such a deep settlement haircut? In NJ for example we are not seeing setttlments with WF much below 20% of an often inflated BPO value. Do Tell- Craig
Permalink Reply by Jeff Payne on May 3, 2010 at 8:59am
We only submit offers that reflect market value. I never submit an offer that I don't think is at market value based on recent sales. Also, Wells Fargo hires appraisers here and we ALWAYS let them in to do their appraisals
Permalink Reply by Kathleen Lordbock on May 14, 2010 at 3:35pm
Very nice - this does not happen without a lot of work and attention to details.

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