Major Changes to Wells Fargo Short Sale and Foreclosure Procedures

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Major Changes to Wells Fargo Short Sale and Foreclosure Procedures
by Aaron Zapata, MBA, CHS, Broker
Real Estate from A to Z

Wells Fargo made major changes to the way they are handling short sales and foreclosures.  I obtained an email that stated that they will no longer be granting extensions for either short sales or foreclosures except for in extreme circumstances.

I expect Wells Fargo to begin to foreclosure on many more properties and as a result I expect to see many more bankruptcies in the near future as desperate homeowners scramble to avoid foreclosure.

If you need help, please contact Aaron Zapata, short sale expert.

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