Wells Fargo Short Sales Portland
Portland Wells Fargo Short Sales
Is your home financed by Wells Fargo. We can help you. Call 971-222-3734
Here is how it works.
There are two "Wells Fargo" banks
- Wells Fargo Financial http://financial.wellsfargo.com/
- Wells Fargo Home Mortgage https://www.wellsfargo.com/
Although they share the same name, and use the same logos, they are entirely different organizations. Wells Fargo Home Mortgage mostly deals with conforming mortgage loans. Wells Fargo Financial deals mostly with non-conforming loans. That means each organizations handles entirely different types of financing.
Conforming Loan Short Sales very often have goverment programs and financial incentives to the seller. These Short Sales take a long time and require more paper work.
Non-Conforming Loan Short Sales typically have no government programs. They require less paperwork and usually the decision is much faster. Although the terms of these short sales are tycally equally favorable, there is less chance of financial incentives.
From the short sale point of view, this means that Wells Fargo Home Mortgage short sales take longer, and Wells Fargo Financial Short Sales are pretty quick.
If you are in the need of Wells Fargo Short Sale, we can help you very well. We have closed plenty of this transactions. Below are samples of Wells Fargo Financial and Wells Fargo Home Mortgage short sale approvals we have obtained. Farther down the page are literal copies of the Wells Fargo short sales web site information.
Wells Fargo Home Mortgage Short Sale Approval Sample Call 971-222-3734
Wells Fargo Home Financial Short Sale Approval Sample Call 971-222-3734
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Portland Wells Fargo Home Mortgage Short Sale Information
(Literal Copy from Wells Fargo Home Mortgage Web Site)
Call 971-222-3734
We Will Find a Buyer and Negotiate a Short Sale for You for Free
Short Sale
- Avoid a foreclosure sale — in some cases the foreclosure sale may be 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
- May be released from your obligation to repay your mortgage balance
- You provide us with your financial information, explain your situation and why you are unable to make your mortgage payments.
- We review your information and determine if your mortgage qualifies for a short sale.
- If your mortgage qualifies, we’ll work closely with you and the real estate agent currently helping you (or one who will be helping you) to determine an acceptable sales price and the amount of time you have to list and sell your home. Together, we’ll work through the details and steps to sell your home at an agreed-upon price so you can avoid a foreclosure sale. Please keep in mind that the buyer of your home may not be anyone you have a close relationship with, including family or friends.
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Wells Fargo Home Financial Short Sale Information Portland
(Literal Copy from Wells Fargo Financial Web Site)
Call 971-222-3734
We Will Find a Buyer and Negotiate a Short Sale for You for Free
"I would like to keep my home"
How it works:
This option is used when you have experienced a temporary reduction in income or if you have run into legitimate, unexpected expenses. A repayment plan is structured to cure the delinquency over a period of usually no more than six months by paying a full payment each month, plus a partial payment on the delinquent amount each month to bring your loan current at the end of the sixth month. These repayment plans must be made over the phone with a Wells Fargo Financial team member and Wells Fargo Financial MUST agree to terms of any repayment options. If you are unsure if this will be the best long term solution for you, please call 1-877-898-4227 to set up a free counseling session and discuss this with a Wells Fargo Financial team member. Other retention tools are available upon a personal financial review and customer qualifying merits. Other retention tools that may be available, after a financial review of your situation has been completed, include Modifications, Forbearance, or Extensions.
This option brings your account up to date within a specified time-frame.
With a goal in sight, you can move forward knowing that your home is secured.
To help us accelerate your financial review process and identify your repayment options, please print out and complete the
Home Preservation Packet, then fax it back to Wells Fargo Financial at 1-877-455-9956 as soon as possible. Also, please submit our online payment help request form and we will contact you to set up an appointment to discuss your options.
How it works
If you have your home currently for sale or are thinking of listing your home with a Realtor, Wells Fargo Financial has a team of Sales Specialists that will work with you and your agent. This option allows you to sell your home and use the proceeds to pay off the mortgage if you are unable to maintain payments, even if the home's market value is less than the total amount owed. Wells Fargo Financial MUST agree to terms of any short sale options. To discuss this option, please call us at 1-800-275-9254.
Avoids the lengthy legal process involved in foreclosure
Generally less damaging to your credit rating than foreclosure
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