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 Brett Goldsmith on October 28, 2016 at 4:31am

@susana. This happens often and you won't be able to find out the reason. Many times they think it's a violation of arms length affidavit. You should ask if you can reapply with a new offer.

[email protected]

310-564-6389

www.ishortsalenow.com

Comment by Susana on October 28, 2016 at 3:31am

Has anyone had an issue with WF denying a short sale because it doesn't meet investor quality standards. I asked the negotiator from the bank to explain what that meant and her response was that she cannot give further details. My buyer accepted the full counter offer from WF, so that clearly wasn't the issue. I have called executive office at WF and waiting on a response and called the investor on the loan who informed me that they don't deny SS because of the reason I have been given and that WF has to elaborate as to the denial. I was wondering if anyone has come across this issue and what was done to get it approved?

Comment by Elva Branson-Lee on October 22, 2016 at 8:05am

Thanks, Helena & Dean. They accepted the ALTA upon escalation. We seem to be moving forward again, for now. 

Comment by Smitty on October 7, 2016 at 3:49am

Wendy just so you know Randall's email bounced for me today. UP ABOVE

Comment by Helena Kaucheck on October 6, 2016 at 8:25am
Elva, I just closed 3 WF SS recently. I was asked for Sellers CD. No HUD allowed. I had both Fannie Mae and FHA investors.
Comment by Elva Branson-Lee on October 6, 2016 at 7:54am

Dean, I submitted the same. I guess it is time to escalate since there seems to be some confusion. Thanks much. This is very helpful.

Comment by Dean E Eshelman, CPA, CDPE, IRES on October 6, 2016 at 7:32am

@Elva Branson-Lee -- We submitted a combined ALTA -- CD - one pager.

Comment by Elva Branson-Lee on October 6, 2016 at 7:06am

Thanks, @Dean E Eshelman, for your prompt reply. What did you submit with your offer as a preliminary closing disclosure?

Comment by Dean E Eshelman, CPA, CDPE, IRES on October 6, 2016 at 6:24am

Elva -- not yet. I have a Wells Fargo closing next week. So we will see what happens then. However, I would use twitter to escalate to home office in Des Moines, IA. They have been quite helpful in the short sale I have been working on.

Comment by Elva Branson-Lee on October 6, 2016 at 6:21am

Hi Superstars. Wells Fargo will not accept an ALTA preliminary closing  disclosure  submitted with a short sale offer, and has asked for a hud instead. To my knowledge, no one in Georgia has used huds since TRID. I've requested a variance to use the ALTA several days ago and have had no response. Anyone else run into this issue? Any advice?

 

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