Wells Fargo Short Sales

Information

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 27, 2022

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

What can I expect?

Started by Beth Walsh. Last reply by James Franko Nov 1, 2021. 6 Replies

Violation to Receive Additional Funds

Started by Kay VanKampen. Last reply by Brett Goldsmith Oct 8, 2019. 2 Replies

Investor denial

Started by Angie Fraguas. Last reply by Brett Goldsmith Jul 11, 2018. 3 Replies

Comment Wall

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Comment by Dean E Eshelman, CPA, CDPE, IRES on May 15, 2015 at 9:04am

Ray Sande You should have an Electronic Signature approval form with the Listing side and the Sales side as a separate Board of Realtors form listing authorized email addresses signed by the respective parties.

Comment by Ray Sande on May 15, 2015 at 7:14am

Is there an electronic signature approval form?  It's a request from SS negotiator

Comment by Brigitte Powell on April 14, 2015 at 2:23am

I'm back after a long absence ...ugh - with two short sales one with Wells Fargo and one with BoA....how luck am I? Working with an attorney for the seller on this one and am not liking it. I'm used to staying on top of things and this attorney will collect 1,500 for whatever he does or doesn't do. He wanted my client to do a deed in lieu, and I practically chewed his head off. He was willing to give up after 2 offers went belly up. I yelled and they spoke to the negotiator and got a 3 month extension. I feel like I am "green" all over again. So if I ask some stupid questions please consider that I've been out for over two years.

Comment by Paula Bachman on April 14, 2015 at 1:28am

Johnna - Yes, you can send in your own generic Authorization to Release. Paula

Comment by johnna lodge on April 14, 2015 at 12:15am

Will wells fargo use a generic authorization to release? I cant find an authorization form for Wells Fargo. Does anyone have a current authorization to release form i can use? Please forward if possible. Thank you. Johnna Lodge [email protected]

Comment by Mary Wilcox on March 13, 2015 at 6:09am

Ted Blaisdell are you still helping in here?

Would you mind letting me know?  I already sent an email to you I'm just making sure you're still assisting because time is of the essence on this one. I'm hoping it's not put on the court docket. =(

[email protected]   is my email.

THANKS SOOOO MUCH!  =)

Comment by Brenda Houghton on February 26, 2015 at 7:23am

When I was dealing with a somewhat similar situation, my concern was keeping myself out of the fray. Of course the buyers know the seller has no money, but hey, everyone knows Realtors and their brokers are loaded. When you're representing a seller who defaults on a contract, the buyer's attorney is going to go where the $$'s are. At the very least, you have to spend money to prove you did nothing wrong.

Comment by Thom Colby CA Brkr 888-391-5245 on February 26, 2015 at 6:59am

I;m not an attorney - though I do suggest you get one of your own quickly.  And, maybe I'm wrong, but, you have performed under your listing agreement and are due your commission.  The Buyer's agent delivered a Ready, Willing and Able Buyer so they are due their commission from you.  I suspect since you had an approval on January 19th which you probably delivered to Seller and Buyer (agent) everyone is due their commission from the Seller.  Ok, they don't have any money but you likely can place a Lis Pendens on the property if it does not close and likely sue WF for interference and collusion.

Did Wells require their typical Addendum to the Listing Agreement stating the seller could cancel at anytime should they transfer ownership by DIL or Foreclosure?

Good luck, I really don;t think this one will close.

Comment by Dean E Eshelman, CPA, CDPE, IRES on February 26, 2015 at 6:25am

The plot thickens -- Wells sends an email. "I am unable to proceed with the Short Sale till we receive a letter form Our Borrower stating that he wants to proceed or not." So closing is tomorrow and all is done except HUD approval that Wells has had for several days and Wells is going to let seller tell them if he wants to breach the contract and Wells is going to be an "accomplis" by sitting on the HUD! Buyers are lawyering up -- going to get interesting.

Comment by Dean E Eshelman, CPA, CDPE, IRES on February 25, 2015 at 7:33am

Brian - Correct, but the seller has no money, except to pay an attorney. Brenda - But Wells can simply set on the HUD until after the closing date and do nothing about approving it. So where does that leave the liability?

 

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