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

Comment

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Comment by London Cox on October 3, 2016 at 10:13am

Yes, it seems that they have deemed that whole interwebs thing as being just a bit too sophisticated for their liking.  They did make the bold decision to begin accepting documents via email though, which has proven to me anyway to be considerably more reliable than their inbound fax:  [email protected]

Comment by Kyle Souza on October 3, 2016 at 10:11am

yep, back to the fax :)

Comment by Jim Stewart on October 3, 2016 at 10:05am

I haven't done a WFC short sale in a couple of years. Looks like they are no longer on Equator. Is that correct?  Thanks!

Comment by James Faulkner on September 14, 2016 at 3:36am

So here's the latest.  I purchased this 3 family 10+ years ago as a residence, and then refinanced it 4 years ago as an investment.  Wells is rejecting my request because they are saying it was purchased as an investment.  They are only looking at the refinance not the original purchase.  I checked the FHA guidelines and nowhere does it say you cant refinance as an investment and be ineligible for short sale, it just says property needs to be purchased as a residence.  Anyone every hear of this situation before? Suggestions?

Comment by cat gellatly on September 13, 2016 at 3:55pm

@James -- Yes I have and I am working a short sale right now where the borrower is not late. First I sent in an authorization. After 3 days I called and they sent me the Uniform Borrower Assistance Form to be filled out, asked for Hardship letter and paystubs. After 5 days they approved there was a hardship and asked for a listing agreement.

The letter you received is standard when there is no financial hardship, I assume that after reviewing your paperwork they don't see a financial problem where you cannot afford the property. You need to show you do not have enough income to sustain. It's all about the numbers!

Comment by Robin M. Willis on September 13, 2016 at 1:55pm

Thank you both for your input, Dean and Brett.

Comment by Dean E Eshelman, CPA, CDPE, IRES on September 13, 2016 at 1:25pm

@Robin Yes. I am doing one with Wells now. Just got ATP. Used digital signatures with DotLoop.

Comment by Brett Goldsmith on September 13, 2016 at 1:22pm

@robin Most lenders don't from my experience and the few that do usually require a certification process. I always recommend getting wet signatures.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Robin M. Willis on September 13, 2016 at 12:43pm

Do you know if Wells Fargo is accepting digital signatures for short sale documents?

Comment by James Faulkner on August 22, 2016 at 5:42am

Thanks everyone.  I did the twitter escalation last week, and I will try the .gov complaint now.

 

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