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: 1427
Latest Activity: 2 minutes ago

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 Firstname.MiddleInitial.Lastname@wellsfargo.com
OR Firstname.Lastname@wellsfargo.com

ESCALATION DEPARTMENT 866-605-0829

Wells Fargo Executive Offices:  800-853-8516

Discussion Forum

Wells Fargo Short Sale - HELP HELP HELP

Started by Allan Robinson. Last reply by Allan Robinson Nov 10, 2016. 3 Replies

FHA Investor Wells Fargo since June of 2015

Started by Robin Lemmons. Last reply by Gladys Nunez Nov 2, 2016. 4 Replies

Wells Fargo Short Sale: Seller Not Delinquent

Started by michael bellamy. Last reply by Gladys Nunez Nov 2, 2016. 5 Replies

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Comment by Pattie Johnson on December 5, 2016 at 7:43pm

It's FHA. I've done hundreds of them. Literally hundreds. My escrow officer has closed Wells Fargo deals recently and didn't have all the grief I'm getting. Today I sent the loan estimate (I happen to know the loan officer and work with him frequently) and a combined ALTA. If this doesn't work I think the next alternative is the Exec Team. I really try no to do that but I may have no choice. HUD is useless to complain to because all they do is repeat what the lender says. Any great contacts would be appreciated. I'm getting to where I don't want to take on FHA SS's anymore but that's what a lot are right now. It was the next best option after 100% financing liar loans went away. Those are the ones that in default the most here. Those and the people who held out and rented their houses out that are now trashed by renters. Grr, little frustrated. Can you tell? :) 

Comment by Pattie Johnson on December 5, 2016 at 12:38pm

Is anyone having issues with Wells Fargo refusing to provide an approval letter for a short sale without a Buyer Closing Disclosure? The buyer CD is done at the end by the buyers lender. A final CD is sent to WF for approval to close, of course. This document is generated by the lender and a few days before closing. I cannot get this through to WF. We gave Seller CD, estimated ALTA and an estimated worksheet of buyers costs from the lender. This is not good enough. I don't know what more I can do??

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:19pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:17pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 5:16pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by Aida Gonzalez on October 28, 2016 at 1:55pm

I think borrower should call his insurance and get something in writing he never cash that check. this is a valid proof that he has no money. If the property is in bad conditions and there is a claim open with his insurance that will be a problem for short sale approval. I had one case similar in the past.

Comment by Susana on October 28, 2016 at 12:35pm

@Aida yes the check is for a large amount. I am set to call with my buyer and hopefully they can provide a reason.

Comment by Susana on October 28, 2016 at 12:33pm

@Helena thank you I will let you know how this turns out as I am determined to get to the bottom of this.

Comment by Aida Gonzalez on October 28, 2016 at 11:21am

May be WF assume seller cashed insurance check and has money to pay mortgage. Is the check a high sum? otherwise re start again the ss after borrower call WF and ask for a reason.

Comment by Helena Kaucheck on October 28, 2016 at 11:21am

Love to know how this turns out....It has happened to me like I mentioned and it's truly uncalled for that the Servicer can't provide a clear reason to you or your Seller.  I'm hoping for the best for you!  

 

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