Replies to This Discussion

Permalink Reply by Jeff Payne on June 24, 2011 at 2:10am

Suzanne, just to play devils advocate.... You submit a short sale package to Wells Fargo 13 days before a sale date and the sellers think they are being treated unfairly?  While I agree that Wells would be better off postponing the foreclosure, the offer submission is a little late in the game.

To get the sale date stopped, you will definately need to escalate the file. What state are you in?

You can find escalation contacts at www.jigsaw.com

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Permalink Reply by Suzanne Martin on June 24, 2011 at 2:49am

Hi Jeff,

Thanks for your feedback.  I'm in CA. I'll check out jigsaw and see what we can do.  Have a great day

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Permalink Reply by Jeff Payne on June 24, 2011 at 4:05am

Good luck, you have a tough task ahead of you.  Maybe one of our resident short sale superstars in CA will weigh in. Harry where are you?????

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Permalink Reply by Christina Conrad on June 24, 2011 at 4:37am

Suzanee:

 

I have lost 5 short sales to Wells Fargo over the past 3 weeks with the same scenario as yourself...I was able to speak with someone that gave me some good adivce as follows:  99% of the investors that Wells Fargo deals with will not allow a postpone of a f/c unless it is submitted at least 11 business days prior to the f/c...you indicated 13 days...can't count weekends or the actual f/c day....it goes by the date they actually get it loaded in their system.  They have  a small 1% of investors that will postpone with a short window prior to f/c...it is the luck of the draw...however, you can request to find out who the investor is in writing..that way you can start keeping a log of which investors will or will not postpone a f/c...then you will know whether to waste your time or not on future deals.

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Permalink Reply by Jeff Payne on June 24, 2011 at 4:52am

Suzanne, check your email!!!  There is a surprise waiting for you :)

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Permalink Reply by Jeff Payne on June 24, 2011 at 4:55am

Christina,

We have been successful in getting these postponed, i was just playing devils advocate above.  You just have to get to the right people.  Remember these words "If someone is telling you NO, it means that they are not allowed to tell you YES. Go find the person who has authority to say YES"

Christina Conrad said:

Suzanee:

 

I have lost 5 short sales to Wells Fargo over the past 3 weeks with the same scenario as yourself...I was able to speak with someone that gave me some good adivce as follows:  99% of the investors that Wells Fargo deals with will not allow a postpone of a f/c unless it is submitted at least 11 business days prior to the f/c...you indicated 13 days...can't count weekends or the actual f/c day....it goes by the date they actually get it loaded in their system.  They have  a small 1% of investors that will postpone with a short window prior to f/c...it is the luck of the draw...however, you can request to find out who the investor is in writing..that way you can start keeping a log of which investors will or will not postpone a f/c...then you will know whether to waste your time or not on future deals.

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Permalink Reply by Christina Conrad on June 24, 2011 at 5:34am

Then please enlighten me with these peoples contact information...because I can't get anywhere with them with that short of notice before a f/c...unless it is one of the investor that will postpone last minute...any help would be deeply appreciated Jeff...thanks

Jeff Payne said:

Christina,

We have been successful in getting these postponed, i was just playing devils advocate above.  You just have to get to the right people.  Remember these words "If someone is telling you NO, it means that they are not allowed to tell you YES. Go find the person who has authority to say YES"

Christina Conrad said:

Suzanee:

 

I have lost 5 short sales to Wells Fargo over the past 3 weeks with the same scenario as yourself...I was able to speak with someone that gave me some good adivce as follows:  99% of the investors that Wells Fargo deals with will not allow a postpone of a f/c unless it is submitted at least 11 business days prior to the f/c...you indicated 13 days...can't count weekends or the actual f/c day....it goes by the date they actually get it loaded in their system.  They have  a small 1% of investors that will postpone with a short window prior to f/c...it is the luck of the draw...however, you can request to find out who the investor is in writing..that way you can start keeping a log of which investors will or will not postpone a f/c...then you will know whether to waste your time or not on future deals.

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Permalink Reply by Jeff Payne on June 24, 2011 at 5:37am

Send me an email at [email protected]

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