Trying times with Wells Fargo - a Connecticut FHA short sale success
A fresh divorce left my Manchester CT homeowners upside down and stuck with a house neither could afford on their own. A short sale was their only reasonable option to avoid foreclosure and a possible deficiency judgement.
This Manchester CT short sale was listed and less than two months later a cash buyer was secured. Wells Fargo nitpicked the file for 4 solid months, and our negotiator was mostly unresponsive as we continuously pushed the file along. Why one Wells Fargo FHA short sale can be approved in a few weeks, and an identical Wells fargo FHA short sale takes 4 months is beyond me. I suppose some negotiatiors are just more effficent than others...
Finally our short sale was approved and a few weeks later this Wells Fargo FHA short sale CLOSED, with full debt forgiveness and the sellers receiving a $1,000 incentive from the FHA for completing their short sale.