Do you on a home with a Wells Fargo loan that is under water!? Do you owe more money that you home might be worth!? Well, you might be in luck since according to Kay Mauer the Short Sale Manage of Wells Fargo, the bank is interested in helping home owners iwth Wachovia and World Savings loans get ride of their home with a Short Sale and avoid Foreclosure.
Indeed, Wells Fargo is offering up to $30,000 as a Short Sale incentive to help home owners with the decision to get ride of their underwater mortgage. Since these cash offers are in excess of the HAFA Short Sale limit of $3-6,000 dollars, the San Jose Homeowners have to decline their HAFA Short Sale option. That’s why we are advising our clients to decline HAFA Short Sale option.
You will need to confirm that your loan has not been sold to a 3rd party investor and is still owned and serviced by Wells Fargo Home Mortgage which now owns Wells Fargo Bank. We utilize a 3rd party Authorization to help confirm this information. This information is critical to confirm the availability of these incentives.
Wells Fargo which manages the Short Sale approval of these Wells Fargo Loans, will require a handwritten letter stating that you are declining HAFA Short Sale as an option. In fact, Wells Fargo incentive letters that are mailed to San Jose home owners with Wachovia loans. These incentive letters have expiration dates which is requires the home owners to contact the Wells Fargo if they are interested in taking advantage of these incentives for their San Jose Short Sale.
Even if have completed your bankruptcy you might still be eligible to receive these incentives for relation from Wachovia on your San Jose Short Sale. Wells Fargo Home Mortgage incentive program is supposed to be more conservative at 15-20k max which is good incentive for home owners whose home will never recover in value.
Contact Us if you have any questions on your Wachovia Short Sale since these are limited time offers from these lenders who are offering Cash for Short Sales.