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www.MyInnerG.com I capture actual footage of my short-sale door-knocking experiences.
The Steve Horn Team recently attended an educational seminar with Wells Fargo/Wachovia and took away some great short sale information. As your Phoenix short sale specialists we wanted to meet directly with a Wells Fargo negotiator. In doing so we discovered the changes Well Fargo was making in their short sale negotiation process. 3 THINGS Wells Fargo can control: Short sale package can be submitted prior to purchase contract, most banks request purchase contract to accompany short sale package Appraisals are now being ordered prior to receipt of purchase agreement Wells Fargo is going to be changing their delivery process to the equator system, a computerized task list system that allows each party to hold eachother accountable. 80% OF WELLS FARGO LOANS ARE SOLD OFF TO PRIVATE INVESTORS 20% ARE WACHOVIA LOANS, WACHOVIA DID NOT SELL OFF THESE LOANS SO THEY ARE IN HOUSE DECISIONS, MUCH FASTER PROCESS. WHEN AN INVESTOR IS INVOLVED, PROCESS IS GOING TO TAKE MUCH LONGER. EVERYTHING AT WELLS FARGO THROUGH THE HAFA PROGRAM, IF IT DOES NOT MEET THE HAFA GUIDELINES, IT IS KICKED OUT AND START OVER IN WELLS FARGO. AT SHORTSALEDONEEASY.COM WE MAKE SHORT SALES DONE EASY.
