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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
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
Dealt with the same person there, last name begins with R. Not a good experience.
Thank you Sharon! I have emailed you my contact info:)
Deborah, I have almost the exact story on my FHA short sale. Email me direct to get the managers phone and email.
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?
Hi Jamie,
On a recent short sale they allowed docusign on the purchase agreement but not on any of their own documents.
Is Wells Fargo accepting Docusign for conventional loans on short sales?
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.
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....
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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