Let's Track a Wells Fargo Short Sale Together Property A22

Let's Track a Wells Fargo Short Sale Together Property A22

Bank: Wells Fargo

Listing Agent: Dawn Maloney

Let's call this Property A22. I'll update you from time to time as we make any progress.

Where we are in the process: House has been listed and marketed, we have a contract, all has been submitted to bank's attorney.

What I received today: A letter requesting all we have submitted be RESUBMITTED only on variations of THEIR FORMS.

"For an offer review, please provide the following highlighted documents within 3 days:

1. Current Listing Agreement

2. Property Status Report (attached) (They will not accept MLS printouts, I will have to fill out a separate report!!)

3. Purchase agreement signed by the seller

4. Preliminary HUD or net seller’s sheet

5. Buyer pre-qualification letter specifically stating the loan amount (It would be great to have this information beforehand!)

6. Documentation required from the seller/seller’s:

a. Written authorization to release account information (attached)

b. Hardship Letter (attached in SS packet)

c. First two pages of the last 2 year’s federal tax returns

d Last 30 days of paystubs. If the seller is self employed, we need the most recent profit and loss statement.

e. Last year’s W2’s

f. Financial Statement (attached)"

I've done a number of Wells Fargo short sales, and they are never easy. Let's see if this one is any better.

Tips welcome, questions welcome, opinions welcome.

Let's Track a Wells Fargo Short Sale Together Property A22