Wells Fargo Bank Reo All Locations : Advice

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Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
Short Sales
It all depends on the bank. Do you know which bank holds the mortgage? It's not unusual to wait at least 30 days. The bank has to gather all the documents from the seller and or ... more
0 votes Share Flag Sat Feb 25, 2012 Home Buying in Lancaster
Joe Shoemaker, Real Estate Pro in Indianapolis, IN
Joe Shoemaker answered:
Why would Wells Fargo out bid me at the Sheriff Sale?
Apparently the bank felt that it was in their financial interest to buy the house at $291,000 and put it on the open market. I expect that the Broker Price Opinions done in their behalf ... more
0 votes Share Flag Thu Nov 5, 2015 Foreclosure in Greenwood
D,  in Bonita Springs, FL
D answered:
I would like to buy the house next door. It has been taken back by the bank. Who do I go to in order to ...
Those Realtors...

Just kidding. This house is now an asset of the original lean holder. They will most likly send it to their asset managers who will hire an REO agent who will lis ... more
0 votes Share Flag Fri Feb 17, 2012 Home Buying in 77099
John Bennett, Real Estate Pro in Orlando, FL
John Bennett answered:
how can i find out which bank bought and owns a recent foreclosure?
Will be listed with a realtor
0 votes Share Flag Tue Feb 7, 2012 Home Buying in Northeast Pensacola
Nina Daruwal…, Real Estate Pro in Cupertino, CA
Nina Daruwalla answered:
FHA experienced Loan Officers and Realtors in Fremont, CA?
Hi Linh,

My Lender has several years of Lender experience and has done FHA Loans for me very efficiently, provided you meet all the criterias. Also understand, the CONDO/Toen Home co ... more
0 votes Share Flag Sat Feb 4, 2012 Home Buying in Fremont
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
I am in the beginning stages of starting a small business doing waterproofing, carpet cleaning, and I would like to foreclose clean outs any help
Foreclosures are beginning to slow down so there may be a glut of service providers already in the market.

To find agents in your area who have bank owned or 'REO" listings ... more
0 votes Share Flag Mon Jan 16, 2012 Foreclosure
Elizabeth Wa…, Real Estate Pro in Atlanta, GA
Elizabeth Walton answered:
any finance for property under $50k...in ATL ..please help!,,what are possible option for 3% down???HElp
Hi Nozm, thank you for your inquiry. I would be pleased to assist you, please email and/or call the contact info below. I'll need to ask you some questions 1st.

I look forward ... more
0 votes Share Flag Mon Jan 16, 2012 Financing in Atlanta
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
How long should an REO offer take?
Is the property still showing active on the MLS? I'm thinking it has already sold to someone else.
0 votes Share Flag Wed Jan 11, 2012 Home Buying
Aileen La Bo…, Real Estate Pro in Los Altos, CA
Aileen La Bouff answered:
I am looking for an agent who is experienced in foreclosure houses to help us look for a new house. Any recommendation?
Hi Linda,
Many of us are experienced with foreclosures as a substantial part of our business model in the current market.
I live in Mountain View, and have experience throughout the b ... more
0 votes Share Flag Sun Mar 4, 2012 Home Buying in Mountain View
Gary Geer, Real Estate Pro in Antioch, IL
Gary Geer answered:
my home was sold at aution back to wells fargo. How long do I have before they can evict me after the forec ...
So Fed Up,
You should be contacted by an agent soon asking you when you will be moving. You can negotiate with the lender to 1. Give you some time to find a new residence and 2. Get Fi ... more
0 votes Share Flag Fri Jan 6, 2012 Foreclosure
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Wells Fargo REO - How aggressively do they price listing?
Their LISTING really is not a concern:
If your Offer is too high, the Appraisal will not cover it.
You are really only concerned with the Fair Market Value.
I suggest you have your B ... more
0 votes Share Flag Mon Dec 5, 2011 Foreclosure in Grand County
Peggie Franc…, Real Estate Pro in Fort Myers, FL
Peggie Francis answered:
Are we just wasting our time?
Sadly in short sale situations the banks are in control. Anything could happen - right up until the day of closing.
Cash is king - especially if the bank gets their price. Financing c ... more
0 votes Share Flag Thu Dec 15, 2011 Home Buying in Fort Myers
Kathleen Lor…, Real Estate Pro in Baxter, MN
Kathleen Lordbock answered:
Short Sale any guarantee
Here in MN an offer on a Short Sale is made the same as an offer on an equity sale. As a listing Short Sale agent- I require a few other forms and addendums to be turned in with the pu ... more
0 votes Share Flag Mon Dec 12, 2011 Home Buying in San Jose
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
what is the phone number to asset managers at Wells Fargo and Bank of America?
It is a complete waste of time to call any asset manager, both BOA and Wells use asset management companies to sell their REO properties. They also use a couple of different ones and do ... more
0 votes Share Flag Wed Nov 30, 2011 Foreclosure
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Can Wells Fargo list a house when it doesn't have a clear title?
Wells Fargo, Bank of America and Chase can do whatever they please. Certainly you have been reading the newspapers. These stories are not fabrications of an idle mind. They are true tra ... more
0 votes Share Flag Tue Dec 24, 2013 Home Buying in Lake Dallas
Jessica Hood…, Real Estate Pro in Gambrills, MD
Jessica Hood & Laura Roskelly answered:
Has anyone represented a buyer in a transaction where the seller of the home has ... ? Is bank approval required? ...
Great question John,

I haven't but I'll be watching for answers. I would think this is just a normal payoff and they'd have to make sure it isn't "short&quo ... more
0 votes Share Flag Tue Nov 1, 2011 Home Buying in Baltimore
Rob Weber, Real Estate Pro in Oakbrook, IL
Rob Weber answered:
FHA credit guidelines, what small lenders would you recommend for credit scores 620-640?
A great many FHA lenders will do loans at 620 and higher and some lower than 620. Is there a specific reason you're looking for a small lender or is it just that you ... more
0 votes Share Flag Wed Oct 26, 2011 Financing in Minneapolis
Johnny Huang,…, Real Estate Pro in Walnut Creek, CA
Johnny Huang, MBA answered:
Foreclosures picking up steam?
Talk to a broker in your area (Chris Plumb of Plumb Realty comes to mind)...Let him know I sent you. Getting to know and bounce news from a broker is the best way to get local market in ... more
0 votes Share Flag Fri Nov 4, 2011 Home Buying in Roseville
Peter, Home Buyer in Los Angeles, CA
Peter answered:
Is it legal to submit offers for a REO property and a short-sale property at the same time?
FYI, the short-sale price has been approved by the lender which is Wells Fargo.
0 votes Share Flag Tue Oct 25, 2011 Home Buying in Los Angeles
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
Residing vs Investment options
Talk to another lender. Different lenders have different programs. I work extensively with Residential Home Funding here in New Jersey and I have found them to be excellent, offering ... more
0 votes Share Flag Thu Nov 10, 2011 Home Buying in Idaho
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