PROACTIVE, POSITIVE CHANGE... FROM WELLS FARGO?

By
Real Estate Agent with Bradenton-Homes, Experts - Keller Williams Realty

We spoke with a customer service rep from Wells Fargo last evening regarding one of our short sale transactions.  In the course of the conversation, the rep informed us that from now on... when we list a short sale property and submit the 3rd party authorization with the listing information, they will immediately order the BPO so that when it's completed, Wells Fargo will be able to give you their bottom line $$ for acceptance.  This is great news and helpful in knowing where the property needs to be priced for realistic offers that the lender will accept.  It also shortens the process when an offer is received.

 

The Wells Fargo rep also told us that when their system records receipt of the contract / hardship package... they will assign a negotiator, normally, that same day!  Again... actions that will shorten the process... it looks like our frustrations with the banker's processes might be alleviated somewhat due to  the governmental guidelines and legislation and  the real estate industry feedback and lobbying which has been poured upon the faulty banking systems.  KUDOS to everyone for their contributions and cooperation in helping to untangle this SHORT SALE MESS!

SHORT SALE INFO

 

 

 

                                                                                               BRADENTON REALTOR

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Groups:
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Tags:
wells fargo
banking
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short sale crisis
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Rainmaker
512,911
Lisa Wetzel
RE/MAX Realty Affiliates - Carson City, NV
CDPE, SFR carsonvalleyland.com

Nice dream ... let us know when you wake up.  Really?!  Do you know how many millions of dollars have been lost because of them not doing this sooner?  I'll be anxious to see this in action.  Thanks for the info.

May 30, 2009 04:58 AM #1
Rainmaker
124,629
Bradenton, Sarasota, Real Estate ~ The Serena Group
Bradenton-Homes, Experts - Keller Williams Realty - Bradenton, FL
Selling Real Life Dreams in Paradise!

Lisa,

I understand AND SHARE your skepticism... but it's necessary to wake up from a nightmare... in order to HAVE a nice dream!

No one can go BACK and undo the damage that has been done thus far due to the "broken processes" that we have all had to deal with... it would be a REALLY nice dream to realize if we could!

What we can do is share information, give support and credit to the people who are trying to improve the processes, and do our best to educate ourselves and improve our OWN processes and move positively forward.BRADENTON REALTOR

May 30, 2009 05:24 AM #2
Rainmaker
123,094
AMBER NOBLE GARLAND - Top Real Estate Expert, Property Tax Appeal Specialist & Author
Strategic Marketing Expert & Relocation Specialist Serving New Jersey and nationwide! - Marlboro, NJ
- The Agent You Can Trust To Deliver REAL Results!

This is GREAT news! I only wish my current short sales were with Wells Fargo. :-(

Jun 01, 2009 06:12 AM #3
Rainer
30,575
Howard Serena
Keller Williams Realty of Manatee - Lakewood Ranch, FL

Great info! Good to know.

Jun 01, 2009 07:49 AM #4
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Rainmaker
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Selling Real Life Dreams in Paradise!
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