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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
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??
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.
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.
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.
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.
@Aida yes the check is for a large amount. I am set to call with my buyer and hopefully they can provide a reason.
@Helena thank you I will let you know how this turns out as I am determined to get to the bottom of this.
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.
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!
@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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