If You Are Working on A Short Sale With Wells Fargo - You may want to read this information

By
Real Estate Agent with Solutions Real Estate-The Celtic Connection

If you are currently working on a short sale file or have worked on your file in the past few months. I received this information from Stephanie Boughton of OnQ Financial concerning information sent out by the Loss Mitigation Dept of Wells Fargo Home  Mortgage:

"Due to recent industry changes, we at Wells Fargo will no longer be granting any extensions for short sale close dates or postponing foreclosure/trustee sale dates. If you were issued an extension letter dated 9/14 or earlier, those extension letters will be honored, but no further extensions will be granted. Files must close by expiration date on the original approval letter or they will be removed. If your approval expires 9/15 or 9/16, you will have 48 hours to get me the final HUD for approval and close."

 

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