The foreclosure process does take a minimum of 6 months. However, if you do list your home for sale as a short sale, your lender, Wells Fargo in this case, probably will work with you and give you time to sell the home rather than have it go into foreclosure. This is because the lender will usually get more of their money with a short sale rather than with a foreclosure. Also, lenders are not in the business of owning and selling property. Once they become the owner of the property, they will have to spend money to keep it in good condition, pay taxes, etc. They want to avoid this scenario if at all possible.
I have been involved in a number of short sales the last few years, and I have had great success working with lenders keeping the properties out of foreclosure while marketing and selling them.
Please feel free to call me at 415.218.6634 and I will be happy to discuss your particular situation with you.
I have been selling real estate in San Francisco for 22 years and have a lot of experience and expertise.
Hill & Co.
3899 Hill St.
San Francisco, CA 94114