Wells Fargo Short Sales

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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.

Members: 1438
Latest Activity: on Wednesday

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

Hit a wall, can we still escalate to Executive offices?

Started by Sam Hague. Last reply by Dean E Eshelman, CPA, CDPE, IRES on Wednesday. 1 Reply

HELP: Wells Fargo approved SS now no contact

Started by George Blisset. Last reply by George Blisset Apr 9. 3 Replies

FHA WELLS FARGO SHORT SALE

Started by George Blisset. Last reply by George Blisset Feb 2. 7 Replies

Comment Wall

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Comment by Wendy Rulnick on July 28, 2009 at 6:30pm
What a nightmare, Stephanie! Slipped through the paperwork cracks at Wells, huh?
Comment by Stephanie Lim on July 28, 2009 at 6:28pm
Just got a call today from a seller who closed way back in January on their short sale. It was a VA loan with Wells. They got some "papers" from WF today and didn't understand them. So I searched the clerk of court records. WF, who filed a mortgage satisfaction/release that was recorded in February (I always verify this after the sale) has now "reopened" their foreclosure case and is once again pursuing a foreclosure on a home the sellers no longer own on a mortgage that WF released months ago. I looked at the public records and the clerk of court is now showing VA as owning the home not the new homeowner. How does this develop into such a mess?
Comment by Stephanie Lim on July 28, 2009 at 6:00am
Gotta love it!!! :-)
Comment by Wendy Rulnick on July 28, 2009 at 5:57am
Closing date extension.pdfStephanie, It got even crazier. When I emailed her that their addendum gives the buyer another "out", she replied- "Well they can back out until closing anyway". I did not even bother to reply after that, since she obviously did not understand contracts... The addendum is uploaded in the text box above. It is the Closing Date Extension
Comment by Stephanie Lim on July 27, 2009 at 6:27pm
I haven't seen that one before. Is it new, or do you think it's something that particular negotiator came up with? That makes no sense whatsoever.
Comment by Wendy Rulnick on July 27, 2009 at 9:24am
Ridiculous, negotiator explanation for Closing Date extension addendum Usually the buyers have 15 days from the time the sellers sign the contract to decide if they still want to go forward with the contract- this gives them 15 days from investor approval instead of seller approval
thanks
I told negotiator that just gives the buyer another out... Micromanagement!
Comment by Wendy Rulnick on July 25, 2009 at 2:54pm
Why not? The site is private. (Of course, we all need to be careful with disparaging remarks and we don't want our favorite negotiators spammed by less experienced agents :).
Comment by Stephanie Lim on July 25, 2009 at 2:27pm
I've had both good and bad experiences with Wells. I think it depends on the negotiator. Our first negotiator was a great communicator and we had our approval in 45 days. The second was an FHA and it took us 70+ days just to get an approval to participate, the appraisal came in way too high, and the negotiator refused to let us challenge it. Can we throw out negotiator names on here to help others out too?
Comment by Bryant Tutas on July 25, 2009 at 2:22pm
Bud, My experiences with Wells Fargo have been very good. They're quick. My last Wells Fargo listing they actually ordered the BPO as soon as I sent over the Letter of Authorization (LOA) and within days of that gave me a price they would accept. Time of listing to closing was just above 60 days!!! Congrats on your 1st Short Sale.
Comment by Wendy Rulnick on July 25, 2009 at 12:36pm
You're welcome, let us know how it goes!
 

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