|
|
| |
wells fargo: Recent Short Sale Success in Tampa Bay Florida
- 01/28/12 12:24 AM
There is a lot of misinformation regarding short sales and who qualifies and what is a hardship. Many people believe you have to be in dire straights and late on your mortgage in order to short sale your home and that's NOT TRUE! I just want to share a few of our recent success stories:
1.) St Pete Beach FL - We just closed on a short sale where there were 2 mortgages - 1st was Chase and 2nd was Suntrust - and our seller had a 200k income. This was not an easy transaction, but we were able to sell … (4 comments)
|
wells fargo: Can I Short Sale My Home If I Have a Good Income or Substantial Assets?
- 11/09/10 01:18 AM
The answer is ABSOLUTELY! I recently did a short sale on an investment property where my client owns multiple properties (1 with no mortgage), has substantial equity in his primary residence, and over 500k in liquid assets and retirement accounts. His lender was Wells Fargo - he was released from a deficiency did not have to bring any money to closing, and did not sign a promisory note.
This is not always the case and each situation is different. Some of the variables are: Who is the lender and how many mortgages are there? Does the loan have mortgage insurance? Who actually owns the loan (most … (5 comments)
|
wells fargo: Mortgage Battle Gains Steam - How is this going to affect Short Sales?
- 10/28/10 02:10 AM
Here is an interesting article:
http://finance.yahoo.com/news/Mortgage-battle-gains-steam-rb-2729423220.html?x=0&sec=topStories&pos=1&asset=&ccode=
Investors of mortgage backed securities are uniting together to pressure the banks (and possibly sue)that are servicing the loans that are owned by investors. Most mortgage loans are not owned by the bank/lender that collects the payments. If you have loan with Bank of America or Wells Fargo there is good chance that they sold your mortgage and they are only servicing the loans. I have long believed that most of the major servicers (Bank of America, Wells Fargo, GMAC, etc) are not acting in the best interest of their clients (the people who … (0 comments)
|
wells fargo: How To Negotiate A Wells Fargo Short Sale
- 10/21/10 04:19 AM
Wells Fargo has two loss mitigation departments. One is located in Fort Mill, South Carolina. The other is located in Milwaukee, Wisconsin.Here is what we do to negotiate a short sale with Wells Fargo:To start a short sale with Wells Fargo, we first call 1-877-216-8448. We ask the representative what the short sale fax number is. That is where we fax the entire short sale package.In my experience, these phone and fax numbers are often changed with little notice. That is why I call to check. The current fax number to send paperwork to is 1-866-969-0103. That has been the correct … (8 comments)
|
|
|
|
|
|
|
|
There is a lot of misinformation regarding short sales and who qualifies and what is a hardship. Many people believe you have to be in dire straights and late on your mortgage in order to short sale your home and that's NOT TRUE! I just want to share a few of our recent success stories:
;)
;)
