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

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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

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

Comment

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Comment by Kyle Souza on July 9, 2015 at 4:46am

A representative at Wells actually told me that they would no longer be using Equator.  They were never very efficient with it anyway.

Comment by Joan Hawthorne on July 9, 2015 at 4:46am

As for listing the house, borrower was told 90 days however FHA seems to require 120 days.  It is a USDA, FHA loan as the plot thickens.

Either way, it is not going to sell for what they want.

Comment by Joan Hawthorne on July 9, 2015 at 4:43am

As for Wells not using equator, I think it just depends on the investor.  FHA, VA, USDA may have to go secure email but be sure to fax all in to the main short sale for Wells in duplication.  Those files are not shared necessarily.  If you loose that negotiator in secure, info is limited even though you have to refresh with another negotiator assigned.  I have done plenty with different loans and do not know if they dropped equator  generally.  thanks

Comment by Joan Hawthorne on July 7, 2015 at 9:29am

USDA guaranteed loan serviced by Wells Fargo holding to value.

Has anyone dealt with a loan such as this?  They refuse to lower their value.

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 7, 2015 at 6:39am

Tyra Ask wells for proof of delivery. Homeowner would have to sign and send back. If so then Wells should provide a signed copy.

Comment by Tyra General on July 7, 2015 at 6:32am

Notice of Short Sale

Comment by Dean E Eshelman, CPA, CDPE, IRES on July 7, 2015 at 6:12am

Tyra What is NOSS?

Comment by Tyra General on July 7, 2015 at 5:35am

Interesting situation...I received a message from a Wells Fargo representative stating that, prior to me being on the short sale, they sent my client details for the NOSS marketing period. My client stated that she never received anything. By the time I got involved he said that the marketing period has ended, but she can submit an offer for a short sale for review. Has anyone else had this happen before? 

Is there any reason whatsoever that the non HAFA short sale would ever be better for clients?  

Any thoughts?

Comment by Dean E Eshelman, CPA, CDPE, IRES on May 26, 2015 at 10:57am

Beth Hinson Follow then Tweet

@CFPBMilitary

Worked like a charm for me. Got the FC stopped.

Comment by Beth Hinson on May 26, 2015 at 4:39am

I have a Wells Fargo VA Compromise sale with a contract that meets the required net amount and a buyer who's willing to take on the repairs that has killed other deals. However, the foreclosure sale is scheduled for Friday, June 2. (This is the 3rd contract and the foreclosure sale date has been postponed once already.) I've escalated to Randy K. Saffel, Assistant Vice President, Wells Fargo Short Sale Division and to the VA Loan Technician "helping" the homeowners. Is there anyone else to whom I can make an appeal to postpone the foreclosure?  (Mr. Saffel has been responsive, but the sale date has not been postponed - we have less than 4 days!!) I appreciate any assistance!

 

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