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Wells Fargo Short Sales
Wells Fargo Short Sales - Wells Fargo is now using Equator to help initiate,
manage and process short sale transactions for Wells Fargo Home Mortgage properties. Equator is available at anytime to: - Initiate
the short sale process - with a few steps, initiating the sale is easy
- Check
the file status of your short sales - to stay on top of tasks and on target with deliverables
- Upload documents - to easily verify documents have been submitted
- Access
the workflow of requested items for short sales - to readily know the items still needed
The following types of loan will now be accepted through the system for Wells Fargo short sale
properties: Wells Fargo Home Mortgage conventional loans, including Fannie
Mae and Freddie Mac loans America's Servicing Company loans Veterans Association (VA) loans Home Credit
Solution(HCS) loans
With a Wells Fargo short sale you can sell your home for less than the amount owed on your mortgage. We will also
negotiate for a full release from your obligation to pay back your primary mortgage under its original terms and negotiate
for a full release of the deficiency balance. As with other banks, once Wells Fargo Home Mortgage accepts a Short Sale, the
sale is reported as payment in full or other similar language. This option can help you avoid a foreclosure sale even
if the foreclosure process has started. - As the homeowner, you: Avoid a foreclosure sale — The foreclosure sale may is postponed
once a written, signed offer is received and approved by Wells Fargo Home Mortgage Can live in your home until the new owner closes, giving you time to make other living arrangements We negotiate full release from your obligation to repay your mortgage balance
We are experienced Equator Negotiators.
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