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 Elva Branson-Lee on July 27, 2016 at 4:07am

Hi Superstars. Been a long time (more than a year) since my last WF short sale. Do they have a proprietray authorization form, or do I need my client to write an Auth letter? Thx.

Comment by Deb Clark-Wyles on June 10, 2016 at 5:56am

Wells has a "Customer Care & Recovery Group" through the Executive Offices.  They will do escalations. Phone number is 800-853-8516

Comment by Scott on June 9, 2016 at 12:00pm

does anyone have a good escalation contact at Wells Fargo?  I need help with an issue.

Comment by Helena Kaucheck on May 11, 2016 at 5:24am

Thanks much Elizabeth!!!!!!!! 

Comment by ElizabethWeintraub00697006LyonRE on May 11, 2016 at 3:31am

Then you might ask the first lender to reassess for a HAFA and send a new closing statement reflecting $12,000 to the second lender.

Comment by Helena Kaucheck on May 10, 2016 at 9:18am

Thanks much Brian and Elizabeth.  Sorry I was doing 2 things at one time.  Yes, looked up both sites in the beginning and they are not Fannie/Freddie.  I went to MERS just to make sure I confirmed what didn't come out of the lookup site.  Deeply appreciate. 

Comment by ElizabethWeintraub00697006LyonRE on May 10, 2016 at 6:21am

Yes, like Brian says, you can look up the investor at the links he has provided. You will need the last 4 digits of the main borrower's SS #. Be sure to check twice if it returns negative answer. You can make a typo or put a comma in the wrong place and it won't return a correct response.

Comment by Helena Kaucheck on May 10, 2016 at 5:47am

Thanks Brian. Deeply appreciate the insight!!!  Thanks Elizabeth.  The information I received was that the original loan was an 80/20.  However, it was hard for me to confirm for sure. I will double check again to see if the investor is Fannie/Freddie.  I attempted to find out through MERS but for it wasn't listed unfortunately.  I deeply appreciate the insight and assistance!!  Helena

Comment by ElizabethWeintraub00697006LyonRE on May 10, 2016 at 5:31am

I question whether the second was purchase money @Helena. You say it's an equity bridge line, which is typically taken out to buy a different property, and equity implies it is against the equity in the property which would be hard money. Is the first lender Fannie or Freddie? If not, perhaps you could covert to a HAFA, which should pay $12K to the second lender?

Comment by Helena Kaucheck on May 10, 2016 at 4:31am

Both are current.  Hardship exists though. The second is saying they want a settlement figure that appears to be around 46-47% of the balance. 

 

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