Couldn't pass up sharing the rampant stupidity of Wells Fargo and their business decisions with homeowners across the country!

Unfortunately for Wells Fargo, it's just s small drop in the bucket!  I am currently doing a short sale with them and it has been over a year - we just received approval.  Lightening speed huh?

Via Jennifer Prestwich Your Castle RE Colorado (Henderson, Thornton, Broomfield and Westminster):

 

Dear Wells Fargo,

illustration of house in chains


Congratulations!  You've bought a house!  I know you are going to be very happy there.  The schools in the area have a great reputation.  What's more, there is a community pool, tennis courts, and an extensive trail system throughout the area's lakes and open space.  

Even though you have never seen the house or been inside - in fact, you aren't even in Colorado - I know that you will appreciate the 5 bedrooms and 4 baths.  The basement is set up perfectly for out of town guests, with its full bedroom and bath and large rec room.  I'm sure you will have a lot of visitors who will want to take advantage of your hospitality, so you'd better make sure you have plenty of towels!

And what a wise choice you have made, declining the short sale offer that was $8,000 more than what you have declared to be the opening bid at the foreclosure auction.  So shrewd.  I'm certain that the legal fees and holding costs and loss you are taking on the original loan are much, much less than that.  What an excellent business decision!

Plus, this house has so much room!  Not to mention a 3 car garage and large yard with a brick patio.  Oh, Wells - may I call you Wells? - imagine the warm summer days you will spend on the patio barbeque-ing with your friends.  Will you invite Bank of America?  And Citigroup?  And Chase?  

Enjoy your new home!  I can only imagine that when you saw this beauty come up in your loss mitigation files, you could hardly wait to move in.  Why else would you force this foreclosure auction when there is a valid offer in the works?  You knew the sellers were in dire straits when you got their hardship letter.  Loss of income?  Pish!  Terminal Cancer?  Tosh!  You wanted this house, and - by golly! - you got it.

Nice job.  Have fun at the auction!  Oh- and don't forget that you need to bring certified funds for the full amount of your winning bid.

Sincerely,

Jennifer

winking smiley face

Jennifer Prestwich, REALTOR®

Your Castle Real Estate

 
 

Lyn Sims  ●  Schaumburg IL Area  ●  Northwest Chicago Suburbs  ●  (847)230-7324

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5 Comments on Wells Fargo... Congratulations! You Bought a House for $8,000 less than offered!

SEP
07
299,251 Points 48 Featured Posts Outside Blog Called Shot Master

Hi, Lyn- Thanks for the re-blog!  And congrats on getting your approval.  If only my sellers had had a year to wait, maybe they would've gotten theirs too... Good luck!!
1:24pm • #1
700,937 Points 39 Featured Posts Outside Blog Called Shot Master

You're very welcome. Have to be sure that this type of thing doesn't get swept under the rug.
2:41pm • #2
SEP
08
3 Featured Posts Outside Blog Called Shot Master

Yes, Lyn thanks for reblogging--it was a riot! I must go check and see how many comment were on the original--I hope it was a feature. 1 Year still....gee, my first shortsale took 10 months...I thought I held the record and I thought things had gotten quicker by now. It must be a great deal for your buyers. Congrats.
6:50am • #3
560,607 Points 18 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thanks for the reblog, I missed it.  It's very entertaining and would be funny if it was not so sad and insane!
9:40am • #4
700,937 Points 39 Featured Posts Outside Blog Called Shot Master

Pam:  I'm on the selling side so the seller is upset as it ALSO didn't appraise out. Had to lower the price on top of it.

Laura:  Very well written right? I thought so also & sad that this type of thing is still going on.
1:10pm • #5

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Lyn Sims - Schaumburg Homes

Schaumburg, IL

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Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban

Address: Schaumburg | Hoffman Estates | Elk Grove Village | and Roselle, IL in the Northwest Suburbs of Chicago

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