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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 Short Sale Superstars LLC Oct 8, 2019. 2 Replies 0 Likes
Started by Angie Fraguas. Last reply by Short Sale Superstars LLC Jul 11, 2018. 3 Replies 1 Like
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Your former bank negotiator? Or someone who processes SS?
HELP!! PLEASE!! I just received word from Wells Fargo that my short sale set-up has been declined due to the proximity of time to the sale date. My former negotiator dropped the file on the 15th of May. I discovered this on the 31st. Sale date scheduled for the 6th. Complete package sent in on the 31st. Any suggestions?? Please?? Thank you.
WF doesn't stop a sale less than 30 days out in FL.
Mary Ellen - no. The legal process to foreclose is complicated and often messy because of bad legislation and dumb politicians. The bank usually cannot afford to stop the process. Some jurisdictions heavily penalize the bank for stopping a sale - usually under the guise of helping homeowners, but stupidly hurting them instead. The bank basically needs to march on as if nothing is happening. FHA is different AFTER you get the ATP. A very short term help can be talking to the bank's atty at the last minute - often they will misplace paperwork for you - this does not penalize the bank and gives you a little extra time.
Donna- I have!
Just closed on a OcWen short with Wells Fargo as the buyer's lender.
They want to see if the contribution to buyer's closing costs is reflected in their lender's expectations. Fairly standard in todays short sale world.
Is it true that you cannot submit a new SS Package if it is less than 30 days before the auction with wells fargo?
I have a Wells Short sale that they just denied without them seeing any documentation? Reason was investor guidelines for short sale review and based on affordability. They have not been late yet but can no longer afford? This is definitely has the possibility of going to foreclosure as they cannot afford. Any idea's?
Linda, Most HOA come in front of the 1st lien so it's unlikely they will reduce their amount owed. You will have to try to get the bank to pay the amount owed, take it from the incentive or someone is going to have to come up with cash.
Relocation means relocation. If the borrowers moved, then often they are disqualified. Sometimes they will allow it to be paid to the occupant/tenant .. you'll have to ask. If they say no, then I guess it's no.
anyone know the criteria for Wells Fargo to approve the Seller Relocation Incentive. My seller had to vacate the house for employment relocation purposes and the wife has been living with the mother to care for her 24/7. the older son is staying in the house with his fiance so it is not vacant. Wells is stating they cannot approve the seller incentive since the borrowers do not reside in the house. Doesn't relocation waive that requirement?? Help!!!
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