Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Updated Short Sale Information

Recently we attended Wells Fargo Portfolio Short Sale info event in San Francisco where we met with the short sale/REO liaison who covers the San Francisco Bay Area region and she updated us about Wells Fargo in the short sale world.

She did discuss the quietly updated HAFA guidelines which we discussed in another post.

As for non-HAFA Wells Fargo owned short sale properties, we heard some interesting info.
For any agents or homeowners or buyers who think that they can submit any offer to get accepted for a short sale, consider that for WF properties the offer must meet at least 75% of the appraisal price to even be considered. The number does not mean that it will get accepted but rather considered for approval. The appraisal price and true valuation may be not be in agreement but we’ll leave that for another post topic.

In addition, Wells Fargo will pay 6-8 percent of the balance for any 2nd lien which can help when structuring a deal.

The Wells Fargo people also mentioned the added incentive of a 7% commission for closings of 30 days or less. To be honest, we couldn’t get complete understanding of when the 30 days clock starts ticking for this offer but if anyone would like answers then we can get clarification.

Here’s hoping to shorter short sales.

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

Wells Fargo Short Sale Guide Updated Info

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2 Comments

Filed under Banks, California, Events, San Francisco, short sales

2 responses to “Wells Fargo Short Sale Guide Updated Info

  1. Pingback: Wells Fargo Billboard | Resource Blog

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