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Updated almost 15 years ago on . Most recent reply

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Terrence Thomas, Jr.
  • Real Estate Investor
  • Tampa, FL
0
Votes |
9
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Wells Fargo and/or Other Lenders

Terrence Thomas, Jr.
  • Real Estate Investor
  • Tampa, FL
Posted

Hi, ladies and/or gents,

I have a short sale deal im working on with wells fargo and below is some info there are requesting can every one provide me with advise, rebuttal, strategies, tactics, etc that will help me deal with the requested info.

email from wells rep

We need:
Your highest and best offer. Current over
would be denied.
Buyer’s articles of incorporation with signatures
And people who are authorized to sign.
09 income tax
More recent bank statements.
Please have seller comment on having business or
being self employed
also can everyone elaborate on the short sale addendum stated there no flipping to take place.

im doing a flip with a standard P& S with disclosures stated my intentions.

thanks in advance

Most Popular Reply

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742
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463
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James Ward
  • Real Estate Investor
  • Ocala, FL
463
Votes |
742
Posts
James Ward
  • Real Estate Investor
  • Ocala, FL
Replied

Wells Fargo will ask for lots of documents. This is pretty standard practice. Make sure you provide them everything they desire. If an item is missing make sure you provide a letter that fully explains the missing item and have the letter signed and dated.

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