Just like the Lockness Monster & Dracula...I have only heard about this Form's Existence....Has Anyone Used It or Seen It????

...And, How Long Before Wells Starts Using It? Let Me Know Short Sale Agents Out There... 

See Article Below...

Wachovia Short Sale Streamlined 32 Day To Close Program

Check this out...Wachovia is setting the benchmark for the Short Sale process...the days of 30, 60, 90 days waiting for a short sale approval are over.

"Wachovia Short Sale"...as it's branded...was rolled out in Northern California and has been a huge success. Wachovia is partnering with Real Estate Agents to expedite offers on short sales. Imagine...45 days to close a short sale...that's 45 days from the day the offer is sent to Wachovia. This "Best Practice" will change the way short sales are done by every bank...nationwide and it's brilliant!

 Of $160Billion in real estate loans held by Wachovia, $80Billion is in California!!! Wow...Of this...30,000 of Wachovia's California mortgages are 60 days + late with no notices of default...People need help...Our economy needs help!

HAVE YOU SEEN OR USED THIS FORM?

 
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6 Comments on Agents Have You Seen This? Wachovia Short Sale Form, 5 Day Approvals, 32 Day Closings?

OCT
05
2009
376,612 Points 7 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

Melissa ~ I had not seen this article. It sounds like great news for Wachovia borrowers who are trying to short sale their home. 5 day approvals with 32 day closings sounds remarkable. I will have to check back to see if any one who reads this has heard of this.
2:56pm • #1
3 Featured Posts

I have had a Wachovia short sale going since June as the listing agent.  I am a CDPE, and all we have heard is, "We are swamped" from every agent we speak with.   Haven't heard of this form, but was told that on October 1 we will now be with Wells Fargo for the short...
3:01pm • #2
560,706 Points 9 Featured Posts Localism Sponsor Hit Router Attended Rain Camp Called Shot Master

Almost sounds too good to be true.  I hope it catches on with all banks, all over the country.
3:03pm • #3
316,080 Points Called Shot Master

I agree with Lorrie, this almost sounds too good to be true! Thanks for sharing!
10:17pm • #4
OCT
06
2009
312,517 Points 9 Featured Posts Outside Blog

No , haven't seen it but hoping ALL banks set guidelines for their short sales. We are frustrated , just think about the employess of banks.
11:42am • #5
OCT
07
2009
1,979,960 Points 484 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

When the time comes that I believe a word that comes from a bank.. . . . . . 

Well, you know the rest.

Of course, the Devil is in the details.
8:50am • #6


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