Wells Fargo Short Sale Information

SHORT SALE WITH WELLS FARGO

If you just can’t afford your current mortgage and can no longer stay in your home, a short sale might help avoid foreclosure. Even if the foreclosure has begun, the date may be postponed once Wells Fargo receives a signed purchase offer. Wells Fargo works closely with real estate agents in order to determine the acceptable market value of your home. 

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WELLS FARGO SHORT SALE PACKAGE

The documentation required for your Short Sale Package to Wells Fargo includes: 

 

  • Hardship Letter (any supporting documentation of hardship)
  • Two (2) months Bank Statements 
  • Two (2) Years of Federal Tax Returns with W-2s
  • Two (2) most recent Pay Stubs (if unemployed, send unemployment letter)
  • Authorization to release information letter
  • Listing Agreement 
  • Estimated HUD 
  • Purchase Contract
  • CMA for the property 
  • Loan Approval for the buyer/deposit check or proof of funds if all cash
  • All Wells Fargo Addendums
  • Financial Worksheet
  • If other income is collected, submit documentation (i.e., lease agreements for all properties) 

 

If Wells Fargo is your first lien holder and there is a second with another lender, request a payoff demand and include it in the package. 

 

NOTE:  If you have your first and second mortgage with Wells Fargo. Be sure to send the complete short sale package to both departments. 

WELLS FARGO HOME MORTGAGE (FIRST MORTGAGES)

Phone: 866-903-1053

Fax: 866-969-0103

WELLS FARGO HOME EQUITY (SECOND MORTGAGES)

Phone: 866-970-7821

Fax: 866-834-7949

To learn more about the eligibility and how to apply, click HERE.

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