If you have a home loan with Wachovia and are considering a short sale, reach out to us today to learn about Wachovia’s “Fast Track” short sale program.  The program was created by Wachovia to assist homeowners that have loans with World Savings, World FSB, Golden West Financial and of course Wachovia.  This new program has been streamlined to enable fast and easy processing of the short sale. 

This program was introduced statewide in 2010, yet very few Realtors® are aware of it.  The program was started by Wells Fargo after they aquired both Wachovia and World Savings bank.  They determined that it makes more sense financially for everybody involved to create a streamlined program to facilitate market value sales on loans that were issued by Wachovia, World Savings, and Golden West.  These loans were acquired at a discount, so they can afford to write these loans off of their books.… Read the rest

Bank of America sent an exciting email today, notifying everyone that they have updated their short sale procedure to now allow back up offers to be submitted if a buyer falls out.  Previously, the file needed to be declined and the process was started over. This is another big step Bank of America has taken to improve their short sale processing times.… Read the rest

If you are either a home owner or realtor and are going to be working on a short sale with Wells Fargo,  we have put together a detailed page on Wells Fargo Short Sales that explains everything needed to complete a short sale with them, along with links to all the Wells Fargo documentation that is required.   The page is intended to assist you in the short sale of your property.… Read the rest

Bank of America used to be one of the most difficult banks to complete a short sale with, but they have worked hard to correct the problems they were facing. Since April, Bank of America has hired over 2,000 employees and now has over 18,000 workers in “default management” (A 60% increase since January 2009).  In addition to the hiring push, Bank of America was the first bank to launch their 100% online short sale system “Equator”.… Read the rest