WELLS FARGO SHORT SALE LISTING ADDENDUM PDF

Similar to the agreements recently published by Bank of America, Wells Fargo appears to be getting more aggressive in trying to curb flips and low offers and is now requiring realtors and closing agents to join in the execution of the instrument. In fact, the Affidavit takes it one step further and forces the parties to agree that they do not even have knowledge of a higher offer for the property. This could be particularly troublesome, as it would seemingly eliminate opportunities to accept lower, but stronger offers. The Affidavit also requires the Buyer to confirm, under penalty of perjury, that they will not sell the property within 90 days, and that they will not rent the property back to the Seller at any time after closing.

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Wells Fargo Short Sale is a way out to abandon your property and get relief from all the mortgage debts it carries. It is better than foreclosure as it inflicts less damage on your credit report, which is necessary to keep your option open for obtaining a mortgage loan in the future. However, you should consider the option of a short sale only after you fail to qualify for a loan modification or any other home retention program offered by Wells Fargo Home Mortgage.

The process starts with your calling to a specialist representative of the department and explaining the financial situation and hardship you are facing at present. The short sale department will review your request and check whether or not you qualify for the program. The bank offers a complete short sale package that can be completed and sent online as well as via mail.

Upon approval, the WFHM negotiator will talk to you or your agent to determine an acceptable sales price and the timeline within which you are required to list and sell your home. Wells Fargo Short Sale Package contains different kinds of forms, financial worksheets, guidelines and documentation checklist among many other things. You need to complete all forms and procure all required documents and sent the same in a packet via mail, fax or online.

The package should also contain completed authorization form and a hardship letter. Wells Fargo short sale approval time is typically 37 business days. There is also a fast track program for Wachovia customers. Once you receive the approval letter you are given 30 days, in most cases, to sell off your home. If you fail to do so within this timeline period you will have to restart the complete process once again. Contact the loss mitigation department at right at the moment you start facing payment problems.

If the possible solution happens to be a short sale you need to get approval from Wells Fargo Short Sale Department. Information pertaining to program policy, rules, procedure, deficiency judgment, promissory note, escalation or any other requirements can also be had from here. The same phone number can be used to access this department.

Another phone number that you can use is The fax number to send package is Here is the mailing address for the department. Wells Fargo Short Sale Package Wells Fargo Short Sale Package contains different kinds of forms, financial worksheets, guidelines and documentation checklist among many other things.

Wells Fargo Short Sale Department Contact the loss mitigation department at right at the moment you start facing payment problems.

Prev Wells Fargo Mortgage Online.

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Short sale

But if you are referring to the listing addendum and the contract addendum then they should be dated to coincide with the contract they are being attached to. For example the listing addendum should be signed and dated the day you take the listing and the contract addendum would be signed and dated the day the buyer and seller sign the deal. The arms length form is a closing condition and would be dated when closing docs are signed. The only other form they have is the closing date extension. Of course this is only needed if the closing date needs to be extended and would be dated at that time. Are these the 4 addenda you are referring to?

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Wells Fargo Short Sale, Department, Package

Wells Fargo Short Sale is a way out to abandon your property and get relief from all the mortgage debts it carries. It is better than foreclosure as it inflicts less damage on your credit report, which is necessary to keep your option open for obtaining a mortgage loan in the future. However, you should consider the option of a short sale only after you fail to qualify for a loan modification or any other home retention program offered by Wells Fargo Home Mortgage. The process starts with your calling to a specialist representative of the department and explaining the financial situation and hardship you are facing at present. The short sale department will review your request and check whether or not you qualify for the program.

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