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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
Started by Beth Walsh. Last reply by James Franko Nov 1, 2021. 6 Replies 0 Likes
Started by Kay VanKampen. Last reply by Brett Goldsmith Oct 8, 2019. 2 Replies 0 Likes
Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11, 2018. 3 Replies 1 Like
Comment
Update: Turns out the listing agent allowed the buyer to use one of his(listing agent's) business addresses as the buyer's LLC address! So Wells said, this is not an arms length transaction, so no commission. We had to find a new buyer. I told this agent that I cannot do anymore short sale negotiations for him. I won't work for an agent who isn't 100% ethical.
Maria, Ellen, Donna, Nancy Sounds like Wells Fraudo to me!!
The processor is asking for 24 pcs of LLC documents the buyer cannot provide. But buyer has had short sales approved without these docs before. Who is a good contact to escalate and is there a chance this can move forward? HELP!
Yes, I had a cash buyer.
Nancy, was yours a cash offer? I dont see how they would be doing anything but wasting resources if there was a mortgage (for the buyer)
Yes, I had WF counter in August for $82K, buyer cancelled, received a new offer and they now want $111K. I contacted the short sale manager and below was her reasoning for the increase. So a BPO does not matter. So crazy!
Dont know if anyone else has experienced this with WF recently. I have one, WF countered at 88k in Aug, 99k in Sept, now 125k in October. I have discussed with them the fact that each month now they have recieved a higher BPO. Just does seem wrong/pointless/non committal on so many levels.
Hi Joy,
It's HSBC.
Donna, do you know who owns the loan?
0 percent commission?????????? I just got a counter offer from Wells for 0% commission. I thought this was a typo in the negotiator's email, but I checked the counter offer and sure enough, 0 commission. Has this happened to anyone? Isn't there something that requires them to pay a commission? I asked the negotiator if she worked for free and said that if she did, then we could probably agree to it (of course, she gets paid, a lot).
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