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Short Sale Lender Update: Wells Fargo

February 17, 2010 by admin · Leave a Comment 

Wells Fargo has implemented a policy whereby they will not allow any extra funds to go the second lien holder on Freddie Mac backed loans – even if the 2nd is a Wells Fargo loan and the first lender’s net is not decreased at all. With that said, Wells Fargo is one of the best lenders to deal with when doing a short sale.

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Matt is the CEO, Broker & Lead Listing Agent for the Battiata Real Estate Group. He was named the #1 agent in California & #5 worldwide in 2001 (RE Int.), was featured in the book "Billion Dollar Agent" by Steve Kantor and has been the among the top selling agents in Southern California.

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