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WF Short Sale

Started by Rachel Warnick in Short Sale Discussions. Last reply by Brett Goldsmith Jun 7. 1 Reply

Negotiators Needed?

Started by Melody Medley in Short Sale Discussions. Last reply by Melody Medley Jun 8. 4 Replies

HOA foreclosed. What

Started by Bryant Tutas in Short Sale Discussions. Last reply by Alexis Adams May 12. 1 Reply

Flagstar Bank

Started by Gloria Rivera in Short Sale Discussions. Last reply by Brett Goldsmith Apr 20. 1 Reply

Blog Posts

Bayview Financial

Posted by Donna Perry on June 23, 2017 at 4:23pm 1 Comment

Ditech

Posted by Robert on April 25, 2017 at 9:00am 2 Comments

Shellpoint

Posted by Rick Houser on February 9, 2017 at 12:21pm 2 Comments

TRINITY ASSET MANAGEMENT LLC

Posted by Oz Rabinovitz on January 4, 2017 at 2:28pm 2 Comments

 

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Latest Activity

Jenny L commented on Wendy Rulnick's group Wells Fargo Short Sales
"Well, I spoke with WF today and they confirmed that unless the co-borrower signs there is really nothing that I can do.  I do not have a negotiator to speak with because the listing agreement has not been signed therefore I have no buyer at…"
1 hour ago
Jan Sanderlin commented on Wendy Rulnick's group Wells Fargo Short Sales
"@Jenny, I have successfully completed several short sales where there was a non resident person on loan and/or title.  We wrote letters of explanation as to why they had abdicated their interest in the property.  We did not use their…"
15 hours ago
Thom Colby CA Brkr 888-391-5245 commented on Wendy Rulnick's group Wells Fargo Short Sales
"I've only had ONE out of hundreds of short sales I've completed where one person would not participate.  The wife was so angry she filed BK, divorced him and moved out of state which forced the husband to file BK.  The guy…"
15 hours ago
Jenny L commented on Wendy Rulnick's group Wells Fargo Short Sales
"I figured as much...just wanted to ask.  Spoke to Home Preservation Specialist who stated that pretty much we are screwed if she doesn't sign it.  Thank you to all who responded.  Much appreciated!"
15 hours ago
Deb Clark-Wyles commented on Wendy Rulnick's group Wells Fargo Short Sales
"I have had success with other banks saying that the co-borrower refuses to participate and that the borrower and co-borrower are not speaking and the co-borrower is refusing to pay anything toward the loan and has basically walked away from their…"
15 hours ago
Thom Colby CA Brkr 888-391-5245 commented on Wendy Rulnick's group Wells Fargo Short Sales
"The co-borrower is equally 100% responsible for repayment of the loan as well as responsible to participate in the short sale process.  If they do not participate, there likely will be no short sale."
16 hours ago
Brett Goldsmith commented on Wendy Rulnick's group Wells Fargo Short Sales
"It's highly likely they will want the co-borrowers financials and that they would need to sign the approval letter too or any affidavits. They shouldn't need to sign the listing if they aren't on title right? It's possible the…"
16 hours ago
Melody Medley commented on Wendy Rulnick's group Wells Fargo Short Sales
"I send a letter of explanation as to why you are removing the co borrower along with the quick claim deed. It helps if the co borrower is not living in the property and is not contributing in anyway. I include this information in my letter of…"
16 hours ago
Jenny L commented on Wendy Rulnick's group Wells Fargo Short Sales
"The co-borrower's name was quit claimed off of the deed when we were doing mediation to hopefully eliminate the need for her financials since she did not reside in the property.  Do you think the bank would be willing to assist or not…"
16 hours ago
Brett Goldsmith commented on Wendy Rulnick's group Wells Fargo Short Sales
"Borrowers need to participate in short sales. If they were on title only they could just get off, but if they are on the loan, it's potentially a huge problem if they don't cooperate as they can't get off the loan. I've seen this…"
16 hours ago
Melody Medley commented on Wendy Rulnick's group Wells Fargo Short Sales
"If they won't sign the listing agreement, maybe they would sign a warranty deed over? Then they don't have to be apart of the short sale at all or the listing. Good luck. "
16 hours ago
Brett Goldsmith commented on Wendy Rulnick's group Wells Fargo Short Sales
"@jenny if the co-borrower won't participate, you likely won't be able to complete the sale. When a borrower doesn't participate in a short sale, it's most likely a deal killer."
16 hours ago
Jenny L commented on Wendy Rulnick's group Wells Fargo Short Sales
"So...very long and drug out story!!!  Currently trying to short sale after 3 years of mediation with WF.  There is a co-borrower on the loan that refuses to sign the listing agreement.  How to we move forward so we can avoid…"
16 hours ago
Jenny L joined Wendy Rulnick's group
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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.See More
16 hours ago
Brett Goldsmith replied to Vantis Law Firm's discussion Nationstar’s Fraudulent Price Validation Program (Xome.com)
"I've seen homes go to foreclosure when they don't meet investor guidelines or are too close to the sale date. Auction.com, Homesearch, and Xome; Nationstar has been utilization these online auction sites for quite some time if the investor…"
16 hours ago
Brett Goldsmith commented on Donna Perry's blog post Bayview Financial
"Many times Bayview, depending on who the investor is, has a 37 day rule. I recommend speaking to floor managers and escalating to see what can be done to push to get a value ordered in hopes of showing the offer is strong enough for a postponement…"
17 hours ago
 
 
 

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