Every company operates differently but it is important to know how each works in order to get the best possible results. As we process hundreds of short sales we come across situations all the time, as we are sure you do to, where you are misinformed about what is going on with the lender but not greater time does this make a difference than when you are discussing the status of a foreclosure sale date. Wells Fargo Home Mortgage’s representatives/counselors/negotiators will advise many times of a “scheduled” date for the foreclosure sale. It turns out though that like many companies that date in most cases is a projected date.
So what does “projected” date mean? Well, in every state the foreclosure process takes ‘X’ amount of time. The company when the foreclosure sale begin starts to calculate when they estimate the foreclosure sale will occur. This does not mean that this will be the exact date but that it may fall relatively close to it. In many cases we have also seen this date get bumped back time after time because of different delays or postponements done by the beneficiary.
So this is the problem, if you come to your lender and they advise you that you have a sale date coming up in December on the 10th, at Wells Fargo Home Mortgage, if this number shows up in a light blue it turns our that this is the projected date but if it turns to be a bright florescent green that means that is when the sale is actually going to occur.
Related posts:
- America’s Servicing Company (Wells Fargo) foreclosure stop changes America’s Servicing Company (Wells Fargo) has long standing been a difficult lender to deal with.......
- Wells Fargo and ASC accepting payments by phone in some foreclosure cases. Wells Fargo Home Mortgage and a subsidiary America’s Servicing Company in a conversation today they......
- Wells Fargo Home Mortgage (ASC) limit closing costs. Wells Fargo Home Mortgage is notorious for the being nit-picky. Whether it is that one......
- Wells Fargo Short Refinance: Mission Impossible, for Now! Wells Fargo currently is offering the option of short refinancing or commonly referred to as......
- Wells Fargo Home Mortgage (ASC): What you say can be used against you! Wells Fargo Home Mortgage and their sister division America’s Servicing company has just about totally......
