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Laurel, I am facing a similar situation right now with a Wells Fargo Short Sale. In fact, almost the exact scenario. The buyer wanted to use his IRA later in the short sale process and the bank is taking us through some serious challenges to get to the FHA approval. Good offer, acceptable net, etc.... they just don't seem to like the Self Directed IRA buyer.
Can you tell me what specific documents they requested from the buyer for the Self Directed IRA? No one, not even a supervisor seems to have a specific answer for what they need.
If you found a good escalation number that was helpful, can you please share? How did the situation end for your client?
Thanks so much, Michelle
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