Home Buying in San Jose>Question Details

Mary Joseph, Home Buyer in San Jose, CA

Put offer on short sale in July, Affidavit received in October. No word from Wells Fargo. What can I do to find out?

Asked by Mary Joseph, San Jose, CA Mon Mar 18, 2013

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Mary Joseph:

As Terri says, your agent is the go to person for this issue. If you have no agent, you should be talking to the listing agent directly. Or now is the time to hire an agent, but since the offer is already in, you'll have to pay the agent yourself.

Mitchell Pearce
1 vote Thank Flag Link Mon Mar 18, 2013
What was the Affidavit for? Is Wells Fargo the holder of the Seller's Mortgage? Do you have an agent representing you?

Your agent is your best resource as he/she is connected to the listing agent (unless the agent is a dual agent) and then the listing agent is connected to the negotiator.

The listing agent usually gives regular updates, such as a negotiation has been assigned, or if they needed to request the file to be escalated.

All the best to you. Short sales are anything but short. There are various factors which can affect the result, how many loans, who the loans are, the balance and type of loan, the hardship of the seller, is the seller in the process of filing bankruptcy, and so much more. Us agents here do not have access to the details of your file and therefore your agent is the best resource.
Web Reference: http://www.terrivellios.com
1 vote Thank Flag Link Mon Mar 18, 2013
Hi Mary

Its not atypical to get no response from Wells.

They are a thorough and solid lender.

They are likely checking if you are a Straw Buyer, status of the seller,
are the facts claimed by seller True etc.

Good luck.

Web Reference: http://www.ruthandperry.com
0 votes Thank Flag Link Wed Apr 3, 2013
Talk to your real estate agent. As a minimum she could check the title records and make sure there haven't been any changes since you made your offer. The listing agent will be the one who provides status updates to your agent.

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty

Over 30 years experience
Over 1,000 homes sold in Santa Clara and San Mateo Counties
Web Reference: http://julianalee.com
0 votes Thank Flag Link Mon Apr 1, 2013
Your agent and the listing agent (assuming they are two different people) are the ones who can answer your questions. No one outside of the transaction can help you. Short sale are challenging for everyone involved. They try your patience. Hopefully, at the end, you will end up with the house that you want to live in for some years to come.
0 votes Thank Flag Link Mon Mar 18, 2013
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