Wells Fargo to Open lease Back Program Post Short Sale

Real Estate Agent with Renaissance Realty Group of Keller Williams Atlanta Partners

Wells Fargo certifies Short Sale Lease Back Program. and will allow some qualified homeowners to stay in their home after a short sale.

The lender announced this month that it will approve short sale lease-back transactions on certain loans owned by Wells Fargo, as long as the homeowner has a valid hardship and the short sale terms are acceptable to the bank.

“This program is the win-win solution that has been missing for too long,” said Bob Irish, a Riverside real estate broker and architect of the program. “For some, the biggest fear is having to move. What if they didn’t have to move? It would prompt more people to raise their hand and ask for help, before the bank takes their house.”

Though three services have approved individual transactions through the program, Wells Fargo is the first lender to certify the SSLB Program as a viable foreclosure alternative.

#ShortSale #WellsFargo #Lawrenceville

Posted by

If you or someone you know is thinking of buying or selling a home have them give me a call .. we will get it done ...right 

Eric Reid 

Associate Broker

Keller Williams Atlatna Partners
Team Leader 
Renaissance Realty Group

Comments (4)

Wika Hutchinson
Eugene, OR
That is a great news Eric. Thanks for sharing it here.
Jan 20, 2013 04:09 AM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Eric, thanks for sharing this news about Wells Fargo opens lease-back program to qualified short sale home sellers.

Jan 20, 2013 04:17 AM
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Great news that will make many home owners very happy . . . Regards Dave

Jan 20, 2013 07:40 AM
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Eric, thank you for sharing this information.  I had heard about the Lease Back program, but you have put feet to the story and made it real.  Best of success to you this year!

Feb 25, 2013 06:01 PM