Hi everyone, I am working a short sale with Wells Fargo and have postponed the foreclosure sale date once already last month. I have an offer on this property, it is owner occupied, I have submitted all requested documentation and now Wells Fargo is telling me that the investor has declined to postpone the July 3rd foreclosure sale as it is not in their best interest.
Where can I go from here? Is there no recourse to force them to reconsider? Does anyone have any suggestions? I have never had a bank just 'decline' to do a short sale before.
Thanks.
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Sure. Have the seller hire an attorney asap. Many investors will no longer postpone a foreclosure once a date is set and is within 60 days.