Wells Fargo, we know you monitor this site. PLEASE READ BELOW
Please STOP with your absolutely STUPID requests! One in particular that has ZERO to do with approving the short sale......
STOP IT with your silly requests for name affidavits, it has NOTHING TO DO WITH APPROVING a short sale. Use a little bit of common sense and realize that John M Smith is the same person as John Smith. No need for an affidavit.
In the famous words of Mike Ditka..... STOP IT!
Replies to This Discussion
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Permalink Reply by Jeff Payne on
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here is another STOP IT!
Your approval letter was sent from my Outlook mailbox as a secured e-mail. It will not be attached to the equator e-mail. Equator does not allow us to attach documents.
WHAT? Equator does not allow you to attach? News to me! All of the other lenders are "allowed" to attach
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Permalink Reply by Smitty on
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Yep. I feel like Jeff and I run a parallel path in Short Sales.
Wells Fargo shut a file down on us because they said the seller had X liens on title. The title company in wrote on their letterhead NO those liens are NOT the seller's and we submitted it. They then asked for a NAME affidavit, which we were scratching our heads over and sent in, and then shut the file down.
Of course we had to escalate and resubmit at that point but I guess they needed a LIEN affidavit, which is NOT what they asked for and no one here had even SEEN one of these INCLUDING the title company, and when we asked for an example or assistance from WF, they couldn't help. - TG for Google. We found some stuff on the internet and made it up...interestingly it was accepted but what a waste of almost 4 weeks of time.
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Permalink Reply by Sam on
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One of my Wells Fargo favorites recently, "please complete task, upload closing info sheet or we will decline your approval". So I respond..."what closing info sheet?", to their response "there is none, please upload blank document as closing info sheet, please complete this task by end of day or your approval will be declined." Actually this is the second Wells Fargo approved file in a row that made this demand...you would think that if there is no closing info sheet, that they would not task you to upload one...and then to threat to decline an approval if you do not upload a blank form?!?!
They just can't get out of their own way...
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Permalink Reply by Wendy Rulnick on
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Sam - That is funny!
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Permalink Reply by Kevin - Greenville, SC on
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Amen Brother!
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Permalink Reply by Joseph Alfe on
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No kidding, I just had Wells Fargo tell me that they can now dictate what closing costs BUYERS can or cannot pay in a short sale. On top of this, there was no seller credit. Out of their minds.
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Joe, I had GMAC do the same thing. We don't really push seller credits, but some sellers genuinely need them, but I'm in complete SHOCK when a SELLING lender starts to dictate what can or cannot be on the BUYERS side of the HUD-1.
how is that even possible?
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Permalink Reply by Linda Ippolito on
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I have run into the same situation - the seller's MIDDLE name is spelled out on the contract. WF is insisting that the contract be redrafted with only the seller's middle initial. They are also demanding that the Buyers PREQUALIFICATION letter be redone because Mr.Buyer doesn't show his middle initial on the letter. The seller is off the grid - no electricity, etc. We've already lost one buyer due to WF delays. I've sent multiple "request for escalation" messages through Equator. Called multiple times and had internal emails sent through customer service. Today, the customer service rep advised me that there is NO ONE who will go against the processor's demands...there are no supervisors or managers that will provide any exceptions. Is there anyone at Wells that can recognize the damage being done by some of their employees?!!!
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