Wells Fargo Short Sale Process Update
We’ve gone and updated many of our “takes” on the banks and one of the first ones we want to release is the Wells Fargo Short Sale Process Update. Overall, Wells Fargo hasn’t changed a whole lot in the past 5 years. They do use equator now for most of their files. (Equator is a software that a few banks use for short sale processing). Wells Fargo can be counted on to take 60 to 90 days to get an approval letter. We have not lost a short sale to foreclosure with Wells Fargo in the past 3 years or so. This is one of the reasons we like the Wells Fargo Short Sale Process, as they are a bit more forgiving than some of the other lenders.