Bank said no to Buyer because of transactional funding

[Dale T.]

Wells Fargo Denied a Short sale that I was working on because they said the buyer is using Transactional Funding. They said he is an investor and is Flipping, so they will not do the short sale. Anyone have any input on how to get around this? He was not using an Option contract

[Bill Gulley]

Originally posted by Duane Ortega:

To continue on above... here's how you can resubmit this based on my experience:

Get a POF that cannot be tied to a transactional funder and couple this with a bank statement of available balance, not just screenshot or monthly statement.

When our client did this, it was accepted with a short sale approval.

Contact me if you have any questions.

Hope this helps,
Duane.

Duane, just a tip, IMO> Seems like every post you make it has to makea reference to pumping your services. A good way to be avoided is banging us over the head with this slightly under the radar advertising. Maybe you could explain more of the nuts and bolts than adding slices with the inference to call you for more details. Just a suggestion :mrgreen: