Wells Fargo Short Sales

Information

Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)

This group is for information, tips and solutions for Wells Fargo short sales.

Members: 1439
Latest Activity: Oct 27, 2022

Wells Fargo Short Sale Information

 Click The Button Now To Hire A Short Sale       Superstar To Support You.

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

Discussion Forum

What can I expect?

Started by Beth Walsh. Last reply by James Franko Nov 1, 2021. 6 Replies

Violation to Receive Additional Funds

Started by Kay VanKampen. Last reply by Brett Goldsmith Oct 8, 2019. 2 Replies

Investor denial

Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11, 2018. 3 Replies

Comment Wall

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Comment by Linda Siemen on February 17, 2014 at 11:57am

Hi Deborah, I had a similar situation with Wells Fargo and I think my single point of contact was Jorge also. I ended up calling the office of the president for Wells Fargo and the sale date was stopped and we were then able to move forward and close the short sale. I will see if I can locate the phone # or maybe someone within short sale superstar has the # for you.

Good Luck

Linda Siemen

Comment by Ellen Dittman on February 17, 2014 at 11:25am

Dealt with the same person there, last name begins with R. Not a good experience.

Comment by Deborah Underwood on February 17, 2014 at 11:06am

Thank you Sharon!  I have emailed you my contact info:)

Comment by Sharon L. Ellsworth on February 17, 2014 at 10:51am

Deborah,   I have almost the exact story on my FHA short sale.  Email me direct to get the managers phone and email.

[email protected]

Comment by Deborah Underwood on February 17, 2014 at 10:26am

I have a Wells Fargo short sale that is FHA initiated in Sept 13 in equator.  Long story short, all documents have been uploaded multiple times. An appraisal was done by WF. The file was removed from equator and sent to liquidation dept.  As we had an offer, liquidation asked for a huge file to be faxed (107 pages) with seller docs and offer.  It was then reopened by WF in equator. Status shows FHA eligibility verification.  I received an email saying they had everything they needed and it was being streamlined.  Within a few days they set a sale date of 2/24/14! I requested a sale date suspension on 2/6/14 from 'Jorge' my single point of contact.  He requested it and gave me another contact who 'is in charge of that'  I requested of him as well by email and vm to suspend the sale date as we had an offer on the table.  I spoke to this 'decision maker' who said he was waiting on hud? to suspend the sale date?  I asked that it be escalated or resubmitted and he stammered and said 'I guess we could do that' and when I asked him a follow up question the phone went dead! of course it then went straight to vm!  I am a week from a sale date with a good offer in hand and I don't know what to do.  Can anyone help?

Comment by Robin B. Cook on February 16, 2014 at 10:16am

Hi Jamie,

On a recent short sale they allowed docusign on the purchase agreement but not on any of their own documents.

Comment by Jamie Susslin on February 16, 2014 at 7:15am

Is Wells Fargo accepting Docusign for conventional loans on short sales?

Comment by Wendy Smith on February 13, 2014 at 2:59am

Celeste - yes I have a cash offer which meets the minimum required net.  I always request a copy of the appraisal so that I can figure the required net.  We need only the ATP & approval letter.  

Comment by Kevin - Greenville, SC on February 12, 2014 at 10:26am

It's fine that they have to verify per the FHA Guidelines. What's not acceptable is the months and months and months involved to do so....

Comment by Chad Gelsinger on February 12, 2014 at 10:20am

Celeste-WF has gotten very difficult with their FHA files. The new HUD guidelines require the Deficit Income Test to figure out whether the homeowner is eligible for a Short Sale. The Lender must be able to verify all expenses and they will use IRS Guidelines. Homeowners can show receipts to validate their expenses according to the guidelines. I would agree with Wendy, have your homeowners write an itemized explanation on why the expenses are high. Be sure to provide  documentation to back up the explanation. I would also recommend contacting Deval/HUD. They may be able to assist you. 

 

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