My client took out a HELOC from Wachovia that is now owned by Wells Fargo. The First TD is foreclosing. Auction date is next month.
I cannot find a Wells decision maker to accept a short payoff without going through the usual paperwork of Offer, Financials, etc. I will pay for the name of someone at Wells who can quickly make a deal.
Thanks,
davidz@san.rr.com
858-259-8021 California
Replies
Is the 1st a full payoff? As Brian said, you will need to be reviewed by whichever lien(s) are being shorted. Whoever has a contact who can instantly approve deals is relaxing in the Bahamas right now!
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
1st will go to Auction. We have held them off 3+ years already so I need to extinguish the Wells HELOC so we can lower the price now. It is hard to believe that there is no way to expedite a decision by Wells that will get them some payoff before being wiped out.
Update
We are now in contact with the Liquidations Department and will send a Hardship Letter with an Offer.