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Covid Short Sales
Covid Short Sales transactions have not been affected much in essence from this pandemic, but it has caused delays due to being understaffed in some circumstances. The facilitation of the short sale process has not altered and we have not noticed servicers or investors being anymore lenient on values or other fee’s. Many people would assume the banks would give a better price during this time but it’s still being based off investor guidelines and the valuations completed.
The main change besides delays is that foreclosures have been placed on hold for government and many large investors. This has helped many homeowners who needed more time in their home to get transactions done or their affairs in order. Other homeowners have been procrastinating during this time in finding solutions and when the protection lifts they may find themselves in a more stressful situation then they are already in.
If you need Wells Fargo short sale help or have questions, please fill out the form below or call 1-800-692-9960 and a specialist will be in touch with you shortly.