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.