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  • Mary K. Lenahan, J.D., Realtor

Wells Fargo will postpone foreclosure during a short sale…Maybe


Wells Fargo Bank to Postpone Foreclosure During Short Sale - Maybe

Wells Fargo Bank to Postpone Foreclosure During Short Sale...Maybe

According to the National Association of Realtors, Wells Fargo claims it will now postpone foreclosure during a short sale process (finally!!!), but only under limited circumstances:

1.  Wells Fargo has a short sale sales contract  that has been approved (including approvals from junior lien holders and mortgage insurers, if applicable),

(2) the buyer has proof of funds or financing approved, and

(3) the short sale can close within 30 days of the scheduled foreclosure sale.

Not all investors allow for such postponements.   See below link for article.

Wells Fargo Allows Foreclosure Postponements for Short Sales in Certain Situations

.

Mary K. Lenahan, JD, Realtor
Beautiful-California-Homes-For-Sale.com
SEARCH THE MLS HERE
(626) 798.9050
Mary.Lenahan@Dilbeck.com
Cell/Text: 626.226.6056
Your Business & Referrals Are Appreciated!
DRE 01867737
 

 

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