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: 1441
Latest Activity: yesterday

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

Investor denial

Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11. 3 Replies

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

Started by Sam Hague. Last reply by Dean E Eshelman, CPA, CDPE, IRES Jun 13. 1 Reply

HELP: Wells Fargo approved SS now no contact

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

Comment Wall

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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!
Comment by Wendy Rulnick on July 25, 2009 at 12:23pm
Hi Bud - I think it is ok you had the listing date on the form, I do that, too. I just don't enter a price. I do wait until I get the signed listing back to proceed, though. If you get a contract, you might be ahead of the game to include the documents above signed and dated by all required parties.
Comment by Wendy Rulnick on July 25, 2009 at 11:28am
Bud, I would just hurry up and get the docs! If you are saying you don't even have all the listing documents back, I would ask them to fax today or tomorrow...
Comment by Wendy Rulnick on July 25, 2009 at 11:13am
Wells Fargo typically pays junior lien up the lesser of $3000 or 10% of the loan balance.
 

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