Wells Fargo Short Sale Process
Considering a short sale and have a mortgage with Wells Fargo?
Wells Fargo has been one of the nation's largest mortgage lenders and servicers for decades and played a significant role in processing short sales during the last housing market downturn. Over the years, the company has developed well-established procedures for evaluating and approving short sales, although the process varies depending on the type of loan involved.
Wells Fargo services a wide range of mortgage products, including FHA, VA, Fannie Mae, Freddie Mac, and portfolio loans. Each loan type has its own eligibility requirements, documentation standards, investor guidelines, and approval process. Knowing who owns or backs your loan is an important part of understanding how your short sale will be reviewed and what to expect throughout the transaction.
Working with an experienced Florida short sale specialist can help ensure your paperwork is complete, deadlines are met, and negotiations are handled according to the specific guidelines that apply to your Wells Fargo mortgage.
Will you qualify for a short sale? Find out now!
What to expect from your short sale with Wells Fargo:
Short Sale Timelines with Wells Fargo
While I generally tell my sellers they can expect 4-5 months from he day they list their short sale home to the day they close on it, this usually includes about a 1-3 month period for the short sale approval process with Wells Fargo.
Short Sale Documentation Requirements
Unless you qualify for a streamline short sale, you will need to gather all required documents to be able to submit your short sale. Your Short Sale Realtor will generally do this for you.
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A STEP BY STEP MANUAL FOR GETTING THROUGH THE SHORT SALE PROCESS!
Wells Fargo Short Sale Review
Overall, a pretty run of the mill experience. As short sale volume increases, many lenders may have some delays as they increase their loss mitigation departments.
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speed
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Reid Real Estate Group has been specializing in helping sellers short sell in CT and FL since 2008! We've helped hundreds of homeowners move on from their over-mortgaged homes and on with their lives debt free, and we can help you!
Minna has been a fantastic partner in selling our home. She was patient with us in explaining the differences between a short sale and conventional sale and helped us think through the pros and cons of each. During the process of the sale she was strategic and got us the best price for our sale. The process was painless and quick and every step of the way she managed each and every detail flawlessly.
D.L.
Last Updated on July 5, 2026 by Minna Reid
