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Tips and Resources

Helpful tips

For any real estate agent:
  • Submit all pages of required documentation in a timely manner to keep the process moving forward.
  • Set the proper expectations. Due to the complex nature of a short sale, make sure your customers are aware that the process does not follow that of a typical real estate transaction.
  • Set the proper expectations. Due to the complex nature of a short sale, make sure your customers are aware that the process does not follow that of a typical real estate transaction.
For the listing agent (authorized third party):
  • Complete, sign, and submit your authorized third party form without delay, so that you can communicate with us on behalf of your customer.
  • To keep the process moving forward, it is critical to submit all pages of requested documents as quickly as possible.
  • Depending on the investor, the approval for a homeowner to do a short sale is good for 30-45 days. If the closing does not take place during that time, the entire package may need to be resubmitted.
  • We need to determine the property value early in the process. When an appraisal is ordered, please allow the appraiser timely access to the property.
  • Depending on investor requirements and eligibility, in certain situations a relocation incentive may be available to customers, upon completion of a short sale.
For the buyer’s agent:
  • Questions regarding the status of an offer have to go through the listing agent (authorized third party).
  • Any issues that need to be escalated to Wells Fargo Home Mortgage must be routed through the listing agent (authorized third party).

Resources

Forms
For your convenience, here are some of the standard forms you’ll need for a short sale transaction:
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