Wells Fargo
Wells Fargo Home Short Sale Department
Short Sale Specialists
Certified. Experienced. Licensed.
Wells Fargo Home Mortgage Short Sale
Wells Fargo Short Sale

Wells Fargo Short Sale

FREE Expert Services. FREE No Obligation Information.

(323) 371 - 1141

Serving All of  Los Angeles County, California

Streamline The Wells Fargo Short Sale Process with Certified, Licensed, Experienced California Short Sale Agents. Prudential California Realty in Cooperation with  Wells Fargo, are now Preferred Short Sale Agents. We have already Successfully Completed 100+ Short Sale Homes in The Los Angeles Area. We work for the Homeowner and with only the Homeowners best interests in mindAll our Services are FREE (NO Cost out of Pocket!) to Homeowners.

Wells Fargo Short Sale Realtors | Info@GetShortSaleApproved.com

Wells Fargo Short Sale Process

We are Certified Wells Fargo Short Sale AgentsWells Fargo Short Sale Agent with over 20 years of Real Estate Experience. We have already Helped Many Good Down to Earth People Get Out of Their UnderWater Homes ...FREE and CLEAR. Certified, Licensed, and Approved Short Sale Agents for Wells Fargo Short Sale Homes. We Work Hard For YOU and:

  • CURRENT on Payments OK!
  • STOP the Foreclosure Process ASAP.

As a Short Sale Agent with Keller Williams we promise to do our Best to Short Sale your Wells Fargo  House - Hassle Free. We would love the opportunity to earn your business. Results may vary. Previous results are not indicative of your results. Not every Home owner will qualify for a Wells Fargo Short Sale or some of the benefits previously received by our clients.

Wells Fargo Short Sale Specialist Reviews

The Wells Fargo Short Sale Experience 

The Wells Fargo short sale process is by far superior to most banks and only averages about 3 months from list to close. We keep everyone engaged (seller, buyer’s agent, buyer) with weekly updates via email.  Throughout the whole short sale process Wells Fargo keeps the status with updates up to the minute with the online portal. Wells Fargo Short Sale also allows you to utilize the portal for seconds and HELOCs, streamlining the entire short sale process. Many of previous Wells Fargo short sale clients can attest, it is typically a smooth and painless process to complete a short sale. If you have any questions regarding the Wells Fargo short sale process please call us or email us at Info@johnSandMikeV.com.

Wells Fargo Short Sale Application

Call (818) 478-1600
Behind on Payments...OK
Current on Payments...OK
Short Sale Agent Pros


Wells Fargo Short Sale
1)  What is a Short Sale?

A short sale is the process by which a homeowner can sell a house for less money than actually owed on the Loan(s) Balance.

 2) How much does a Wells Fargo Short Sale Agent Cost ?

ALL our Services to you FREE. The Lender pays our Commissions. We have Successfully Negotiated No Closing Closts for All of our previous Wells Fargo Short Sale clients and don't expect that to change with any of our future clients. All of our Clients have Walked Away from their Short Sale FREE and CLEAR and the majority walked away with Absolutely NO CASH out of Pocket!

3)  How Do we Qualify* For Free Wells Fargo Short Sale Agent Assistance?

  1. Hardship – There is a situation causing you to have trouble pay your mortgage.
  2. Monthly Income Shortfall – “You have more Monthly Expenses than Monthly Income.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  3. Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

*Can We Qualify for Wells Fargo Short Sale without a Financial Hardship? More and more often, the short sale is approved. A hardship isn’t always necessary as the bank would often prefer to do strategic short sale than take it back and sell it for less later. Please SEE our page on strategic short sale.

4)  What are some examples of Homeowner Hardships in a  Wells Fargo Short Sale? 

  1. A reduction in income through the loss of a job, disability, illness, or just the straight reduction in hours that a causes the inability to continue to make payments. 
  2. Marital difficulties – Separations and divorces are legitimate reasons a lender will consider a short sale.
  3. An increase in expenses – Reasons could include an increase in dependents, an illness, etc.
  4. An increase in debts – credit cards bills, medical bills, legal fees and other similar types of debt.
  5. Death – Death of a family member who was a contributing factor in keeping the mortgage current. Also the corresponding loss of income or medical bills associated with the death such as funeral expenses, etc.
  6. Relocation of job – The relocation should be due to a job change.
  7. Military service – There are some lenders that will accept being called into military service as an acceptable hardship.

Is there a possibility you could still do a Wells Fargo short sale without an actual hardship? Yes it is possible. This is what is known as a Strategic Short Sale. A strategic short sale occurs when there is no hardship and the owner could continue to pay their mortgage. They consider just “walking away” but do not want to suffer the consequences of a Strategic Default (foreclosure). If it makes financial sense to the lender they may still consider a short sale where there is no hardship. In this case Wells Fargo may ask you for a cash contribution. SEE our page on Strategic Short Sale

5)  Can I Short Sale My Wells Fargo Loan (House)?

Yes, if

  1. The Home's Market Value Has Dropped. Comparable sales must substantiate that the home is worth less than the unpaid balance due the lender.
6)  What is the Affect of a Foreclosure on my Credit Score?

A Foreclosure on your credit report can take 7-10 yearsto remove and can cost your credit rating (FICO) up to 200-280 points which is a very big hit.

7)  What is the Affect of a Wells Fargo Short Sale on my Credit Score? 

The credit consequences of a short sale vary slightly. Clients have informed us that a short sale will show up on your credit report as a 'settlement', 'settlement for less than owed' or a "pre-foreclosure in redemption". A short sale credit score can drop by 50-100 points. 

There is no way to predict exactly how a bank of america short sale is going to affect your credit for it. We've had some clients who have mentioned that they’ve been able to rebuild their post short sale credit score in as little as 12 months. Other people who have not maitained their credit with other items, well, it’s probably going to take a little bit longer in order to rebuild their credit.

8)  What are The Tax Implications of a Wells Fargo Short Sale?

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition. 

More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17. Ask your accountant to utilize Form 982 with your Return.

* You should speak to your accountant to determine the amount of short sale tax consequences, if any.

9)  What if I am Current on my Wells Fargo Payments can I still Short Sale my house? 

YES. Many of our clients have had their Bank of America Short Sale Home listed while they were current on their payments. They were one step ahead of the pack.

10)  Foreclosure of My Home is very close to happening. Is There enough Time to Short Sale my Wells Fargo Home? 

YES. The foreclosing party—in most cases a lender—can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from your short sale agent explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.

11)  What is the typical Wells Fargo Short Sale Process? 

  1. Seller signs a listing agreement with a Wells Fargo Short Sale Agent.
  2. A Buyer submits an offer to your Short Sale Agent.
  3. Seller accepts the buyer's purchase offer.
  4. Bank of America accepts the buyer's purchase offer.
  5. Transaction closes, the Wells Fargo releases the lien.

12)  Does Everybody have to know that we are Listing our Home as a Short Sale? 

NO. As professional short sale agents, we do our best to respect your confidentiality and privacy. Our Sign will be displayed in the same exact way our Standard Sale signs are. Our Marketing to the general public Will Not indicate anywhere that your home is a Wells Fargo Short Sale. However, the one place short sale agents are obligated to designate your home as a Short Sale is our MLS.

Only other Real Estate Agents should have access to this information. It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, more than one out of eight homeowners in the U.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.

With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.

13)  Wells Fargo Short Sales are Impossible to do and take forever, is that true?

Are they impossible? Absolutely Not. We have a Very High Success rate in receiving Wells Fargo Short Sale Approvals. As a matter of fact  our success rate is 98+% with Wells Fargo Short Sales. Do Short Sales take longer than Standard Sales? Probably. But depending on how many loans are on the property we expect anywhere from 60-120 days Maximum.

14)  The Market is really slow. Are Buyers interested in Short Sale Properties?

Don't Worry! In fact, we and other short sale agents are getting calls from buyers who say they only want to look at foreclosure and short sales. We expect multiple offers on your home within 10 days.

For buyers, short sales and foreclosures have become synonymous with “good deals.” More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.

15) Short Sale My Wells Fargo Home or do a Loan Modification? 

It Depends. The Facts show that only 10% of Loan Modifications get Approved by their Lenders and of the 10% approved, Homeowners were not happy with the small amount of change in their payments. But if your lender lowers your payment significantly, you are happy with your home, future maintenance & repair costs are affordable, and you feel that the home will appreciate back to it's loan balance then a loan modification is a good option for you.

However, The great majority of homeowners are now opting to Short Sale their home for the following reasons: 

  1. They are not with happy with the depreciation and drop in value of their home
  2. The potential repair and maintenance costs may put them right back into Default. (50% of Loan Modifications Default within 1 year)
  3. Their income and expenses will still be a struggle after the slightly reduced payments
  4. They Just want to move forward with their lives and start life anew.
  5. They wish to put their money towards a worthwhile investment, not a bad asset.
16) Should I Short Sale My Wells Fargo Home or file Bankruptcy? 

It Depends. This is usually called The Option of Last Resort. As far as your Home is concerned a Bankruptcy usually just delays the inevitable. But it may be a good option depending on your financial condition and willingness to damage your credit for up to 7 years. A Bankruptcy typically also costs thousands of dollars to initiate.

Chapter 13
bankruptcy lets you pay off the late or unpaid payments over the length of a repayment plan you propose--3-5 years in some cases. But you'll need enough income to at least meet your current mortgage payment at the same time you're paying off the late or unpaid payments.

Chapter 7 bankruptcy will stall the foreclosure sale and give you two or three more months to work things out with your lender. Chapter 7 bankruptcy gets rid of your personal liability under the promissory note, but it doesn't remove the lien. Chapter 7 gets rid of debt but not liens--you'll still probably have to give up the house under the lien since that's what provided collateral for the loan.

A study done by the American Bar Association indicated that 96 percent of the people who filed for bankruptcy protection ended up in foreclosure anyway. Many people feel that bankruptcy will stop foreclosure and save their home. However, because it entails that you continue to pay your mortgage (Chapter 7) or that you consolidate all of your debt while still paying your mortgage (Chapter 13) it is usually not a long term solution.

With a Wells Fargo Short Sale their are NO Costs to initiate and typically do Not have any Cash out of pocket costs. A Short Sale damages your credit score less and takes a lot shorter time to rebuild your credit from 1 - 2 years. But a Short Sale will not relieve other financial debts.

17) Should I Short Sale My Wells Fargo Home or Let it go to Foreclosure? 

Foreclosure is The Absolute Worst Option
a Homeowner can choose. A Foreclosure can Damage your Credit for up to 10 years, and can lower your Credit Score up to 250 points. Your are continuously hassled by phone calls, letters, and door knockers with Notices of Default and Notices of Sale. Eventually there is a day of Reckoning. The Sheriffs show up to your door and you and your family are Evicted from your own home in plain sight of the entire neighborhood.

A Short Sale typically Costs you Nothing, you get to stay in your home during the short sale process, and sometimes Bank of America will offer Cash Move-Out Assistance for your cooperation. You Sell your home with your acceptance, under your terms. The Home is Marketed by us like a Standard Sale and you get to leave your home and Neighborhood with Dignity

18) How Do I Short Sale My Wells Fargo Loan?

Contact us for a FREE Consultation. Call our Short Sale Agents or fill out contact the form provided on this page. The Consultation is Free, All our Services are Free (The Lender Pays us), we do all the negotiations for you with only you best interests in mind. With many years of Wells Fargo Short Sale experience, you can rest assured that you have Certified Short Sale Agents that will deliver a smooth, hassle free process. 

19)  How do I Start the Wells Fargo Short Sale Process?

Contact us for a FREE Consultation. Call our Short Sale Agents or fill out contact form provided on this page. The Consultation is Free, All our Services are Free (The Lender Pays us), we do all the negotiations for you with only you best interests in mind. With many years of Wells Fargo Short Sale experience you can rest assured that you have Short Sale Experts that will deliver a smooth, hassle free process.  

The information presented in this website is for informational purposes only and should not be construed to be formal advice. Please consult a tax accountant and attorney before making any decisions regarding your house, for legal advice, financial advice, or it's tax implications. This site is neither endorsed, nor sponsored by, nor affiliated with the Wells Fargo Corporation.

Wells Fargo Short Sale Specialist, Agent, Realtor For Sellers

When selling your home, a Wells Fargo Short Sale Agent can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at a price that the Wells Fargo Short Sale Negotiator will accept, quickly and with minimum hassle.

A Wells Fargo Short Sale Agent / Realtor can market your property to other real estate agents and the public.. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer.

Wells Fargo Short Sale Agents, act as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The Realtor Code of Ethics requires Bank of America Short Sale Agents / Realtors to utilize these cooperative relationships when they benefit their clients.

Wells FargoShort Sale Realtors know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your Realtor, you do not have to allow strangers into your home. John and Mike, Short Sale Agent / Realtor, will prescreen and accompany qualified prospects through your property.

A Wells FargoShort Sale Specialist can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your Wells Fargo Short Sale Agent can help you write win-win agreement that will be more likely to make it through the short sale process.

Wells Fargo Short Sale Agents can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your Short Sale Realtor is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).

Wells Fargo Short Sale Agent, Realtor, Specialist For Buyers

1) Wells Fargo Short Sale Agents, can help you determine your buying power -- that is, your financial reserves plus your borrowing capacity. If you give a Wells Fargo Short Sale Agent some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies -- offer limited choices.

2) Wells Fargo Short Sale Realtors, have many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

3) A Wells Fargo Short Sale Agent can assist you in the selection process by providing objective information about each property. Wells Fargo Short Sale Specialists who are Realtors have access to a variety of informational resources. Wells Fargo Short Sale Realtors can provide local community information on utilities, zoning. schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

4) Wells Fargo Short Sale Specialists can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5) A Wells Fargo Short Sale Realtor can provide due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Short Sale Realtors can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. John and Mike Wells Fargo Short Sale Agent title company or attorney can help you resolve issues that might cause problems at a later date.

6) A Wells Fargo Short Sale Agent can help you in understanding different financing options and in identifying qualified lenders. Short Sale Realtors can guide you through the closing process and make sure everything flows together smoothly.

Why is Short Sale with Wells Fargo The Preferred Option of Homeowners?
It STOPS The Foreclosure Process. Opportunity to Sell your home at NO COST to you, and even get move-out Cash assistance in most cases. Banks do not want to foreclose
on your property because the foreclosure process is incredibly costly. Wells Fargo Short Sale Executives have publicly stated that if a person is qualified for a short sale, and utilizes the services of a certified Wells Fargo short sale agent, the process needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

A Short Sale with Wells Fargo Mortgage is a sale of real estate in which the proceeds from the sale of a house falls short of the balance owed on the property's loan. The lender decides that selling the property at a loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit reports for the borrowers. This agreement most often releases the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

CA Licensed, Listing Agents, Certified  Wells Fargo Short Sale Agents, Certified REO Agents, and Buyers Agents. They are Company Wide Top Producers, Five star rated in client satisfaction and combine for over 20 years experience and Backed by the substantial resources and support of Prudential CAlifornia Realty .

Wells Fargo Short Sale Agentsl

John Scillitani, CDPE, SFR, Broker Associate, is a Graduate of Rutgers University with Dual Bachelors Degrees in Industrial Engineering and Economics. Licensed since 2002, His experience ranges from Being an Automotive General Manager to the Real Estate Business with both The Luxury Market and First Time Buyers. He has extensive Knowledge as a short sale agent and with Bankowned Homes. John was born in Brooklyn, NY and raised on Long Island, NY.

Why Us?

Short Sale Experience. Short Sale Certified, Approved, and Licensed. Recognized as one of the top Short Sale and Foreclosure Prevention Teams in the nation, We have been asked to speak at many short sale symposiums and short sale forums! We have successfully listed and Short Sold properties as  Bank of America Short Sale Agents, Chase Short Sale Agent, CitiBank, GMAC Agent, NationStar Short Sale Agent, PNC Short Sale, Wachovia, and Wells Fargo Short Sale Agents.

We will Negotiate with the bank on your behalf and have been very successful in protecting our Sellers interests including:
  1. Future Home Buying Credit
  2. Protecting Retirement Accounts
  3. Eliminating Tax  Liabilities
  4. Eliminating Deficiency Judgements.
All this at NO COST to you! Fill out form and Find out More!

Please Call us for a NO CHARGE, Confidential Consultation, and if you Qualify for a Short Sale, Selling Expenses, Move Out Expense, and our Services in most cases, will be paid for by the Bank! Please Do Not Pay for any Services that may be available to you at NO CHARGE!

Why will a Short Sale Work?
Banks do not want to foreclose
on your property because the foreclosure process is incredibly costly. Bank of America, CountryWide, Wells Fargo, Wachovia, Washington Mutual, and even the federal government have all publicly stated that if a person is qualified for a short sale, the process needs to be considered. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

Short Sale Agents with The CDPE, Certified Distressed Property Expert Designation have trained extensively to understand the solutions, and effective methods for dealing with homeowners facing the hardship of foreclosure. Don't risk your financial future and the potential sale of your home with a short sale agent who does not have the training, experience, or tools to best help your needs, Contact Us with Form Above for prompt and caring assistance.

Short Sale Agent and Foreclosures — The New “Traditional” Transaction For many short sale agent professionals, short sales and foreclosures are the new “traditional” real estate transaction. Knowing how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities are not merely good skills to have in today’s market—they are critical functions of a short sale agent. And while short sales and foreclosures are not for the faint of heart, short sale agents with the proper tools and training can use these specialty areas to build their business for the long term.

Don’t Go It Alone — Choose an SFR Trained Professional
Designed for short sale agents, the National Association of REALTORS® (NAR) Short Sale Agent and Foreclosure Resource certification, or SFR for short, is a Comprehensive approach. NAR’s SFR certification is the only one of its kind that focuses on both the buyer and seller sides of distressed property transactions.

In conclusion, Short Sale Agents with the CDPE and SFR Designations have been trained in all aspects of the distressed property / short sale process, and know how to deal with the parties involved in foreclosures. Finding a CDPE can explain what options you have, and get you on the path to recovery.

Call our Team Lead John Scillitani, Broker Associate, CDPE, SFR, Wells Short Sale Agent for Free Advice.

Certified Distressed Property Experts fully understand that selling your house, can save your family life, and save your future buying ability.

We are Certified Wells Fargo Short Sale Agents in the San Fernando Valley. And also Wells Fargo Short Sale Agent servicing Los Angeles County and The San Gabriel Valley. Licensed California Short Sale Agents.