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 Pattie Johnson on December 5, 2016 at 9:38am

Is anyone having issues with Wells Fargo refusing to provide an approval letter for a short sale without a Buyer Closing Disclosure? The buyer CD is done at the end by the buyers lender. A final CD is sent to WF for approval to close, of course. This document is generated by the lender and a few days before closing. I cannot get this through to WF. We gave Seller CD, estimated ALTA and an estimated worksheet of buyers costs from the lender. This is not good enough. I don't know what more I can do??

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 1:19pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 1:17pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by ElizabethWeintraub00697006LyonRE on October 28, 2016 at 1:16pm

It could be something in the PSA, perhaps? Or maybe the seller is current and guidelines call for default? Just throwing out ideas for you.

Comment by Aida Gonzalez on October 28, 2016 at 9:55am

I think borrower should call his insurance and get something in writing he never cash that check. this is a valid proof that he has no money. If the property is in bad conditions and there is a claim open with his insurance that will be a problem for short sale approval. I had one case similar in the past.

Comment by Susana on October 28, 2016 at 8:35am

@Aida yes the check is for a large amount. I am set to call with my buyer and hopefully they can provide a reason.

Comment by Susana on October 28, 2016 at 8:33am

@Helena thank you I will let you know how this turns out as I am determined to get to the bottom of this.

Comment by Aida Gonzalez on October 28, 2016 at 7:21am

May be WF assume seller cashed insurance check and has money to pay mortgage. Is the check a high sum? otherwise re start again the ss after borrower call WF and ask for a reason.

Comment by Helena Kaucheck on October 28, 2016 at 7:21am

Love to know how this turns out....It has happened to me like I mentioned and it's truly uncalled for that the Servicer can't provide a clear reason to you or your Seller.  I'm hoping for the best for you!  

Comment by Susana on October 28, 2016 at 7:09am

@Aida the seller is currently unemployed that is why he chose to go for a short sale. Buyer is not related to seller.

 

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