I am having problems with closing on a foreclosure purchase because Wells Fargo can't find the deed? What's up with this? Any suggestions?

Asked by Kelly Sisario, Roswell, GA Sat Aug 13, 2011

Help the community by answering this question:

+ web reference
Web reference:


Scott Godzyk, Agent, Manchester, NH
Sat Aug 13, 2011
Kelly the most common problem is the foreclosure deed is missing, usually because it was never recorded after the foreclsoure. In this case teh foreclosing attorney must prepare it, send it to teh bank to get it signed and get it recorded before they can issue the deed from them to you.


please see my blog for tips on buying a foreclosure
Web Reference:  http://www.ScottSellsNH.com
4 votes
Daniel Fisher, Agent, Charlotte, NC
Sun Aug 14, 2011
With today's electronic record keeping, physically having an original paper deed in hand is not typically needed. Deeds are typically drawn by an attorney, so it should not be a matter of "finding" a deed. I suspect there is a title problem/issue.

If you were in NC, we would insisit that you pay your own attorney to conduct a title examination, provide an attorney opinion of title and obtain title insurance commitment from a national company.
0 votes
Phil Leng, Agent, Kirkland, WA
Sun Aug 14, 2011
Hi Kelly,
Bank owned properties sometimes have title issues.
I had a condo take 4 months to close because of an IRS lein.
Another took 3 months to close because of an issue between the bank that foreclosed and FNMA
There have been other weird issues.

The good news is, it will not close until the title issue is resolved. Hang in there. Keep your eye on the prize.
You will be rewarded in the end.
0 votes
Jirius Isaac, Agent, Kenmore, WA
Sat Aug 13, 2011
As you can see it may be more complicated then finding something. Be patient as long as they are communicating with you & not really up to something. good luck. If you need a loan after acquiring it, I would be glad to help
0 votes
Ruth and Per…, Agent, Los Gatos, CA
Sat Aug 13, 2011
Hi Kelly

The Banks are becoming very thorough, after the rob signing disaster.
A deed to the house is critical, it has to be found or a new one issued after
Foreclosure, transferring ownership from the previous owners to the Bank.

Then the Bank can transfer the Deed from their name to yours.

Patience, it will all work out.
Now of course if you have a lock on the loan, your concerns are understood.

Good luck.

0 votes
Kary Krismer, Agent, Renton, WA
Sat Aug 13, 2011
Wells Fargo probably has some sort of title issue, but it is very unlikely it has anything to do with not being able to find a deed, assuming we're talking Washington law and not Georgia's law.

Foreclosures are processes that have to be complied with somewhat precisely, and things can interfere with them, like say a bankruptcy filed by the prior owner. Any number of things can go wrong, and it would be just speculation to answer beyond that.
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more