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: 1439
Latest Activity: Oct 10

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 Wendy Rulnick on August 4, 2009 at 5:54am
Stephanie - They ended up telling me she had 30 calendar days from the upload of final docs, so I call again on Aug 10. Wells is starting to sound like BOFA when they change their story every time you call :)
Comment by Wendy Rulnick on August 4, 2009 at 5:53am
Hi Stephanie- I had my last negotiator tell me I could just email her the new documents when the last buyer defaulted.
Comment by Stephanie Lim on August 4, 2009 at 5:48am
Has anyone had any luck with having an approval transferred to a new buyer quickly with WF without having to go through too much waiting? We have a buyer that we just got a contract on that already has an approval but the first buyer has disappeared. I hate being on this side of the transaction on a SS.
Comment by Stephanie Lim on August 4, 2009 at 5:45am
Wendy, How did that go. We were told in the past that they don't have "supervisors" that the negotiators answer to the investors at WF. We spoke with someone calling themselves a "marketing manager" (I think that was the term they used) but she was able to get a file reassigned for us.
Comment by Wendy Rulnick on August 3, 2009 at 12:35pm
Wells file with no negotiator response, even after two escalations, since July 10... now on hold waiting for rep to get supervisor:)
Comment by Stephanie Lim on July 28, 2009 at 6:36pm
I guess so. Too big to fail? BAH! I say too big to function!
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
 

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