Wells Fargo just told me they dropped a SS file because we went beyond a 60 day closing in CA.

Wells Fargo just told me they dropped an approved SS file because we went beyond a 60 day closing in CA. They are telling me this is a CA state requirement. This is the first I have heard about that? I have been delayed getting a second approval because it was involved in a Chapt 13. Now they are telling me they won't restart the SS because a sale date is 10 days away? Anyone hear about this new CA state requirement for Short sales? Was it part of SB458?

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Tom -


I am not aware of any new law regarding this and it's certainly not in SB458.  I would ask Wells to tell you what law they are referring to - chapter and verse.....

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That happened to us as well and they wouldn't extend or pause the Sale Date

Thanks I have sent an email to the office of the president requesting why? I did not see anything in SB 458 either.

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