Wachovia frequently asked SHORT SALE & FORECLOSURE questions in Campbell county

What are some Wachovia foreclosure alternatives?
I am upside down on my mortgage with Wachovia, what should I do?
What is a Wachovia short sale?
Wachovia denied my loan modification, what's next?
What is the Wachovia short sale process?
How do I choose a Wachovia short sale company?
How do I qualify for a short sale with Wachovia?
Where do I find a Wachovia short sale expert?
How do I hire a Wachovia short sale REALTOR?
How to find short sale agents who work with Wachovia?
What are the documents required for a Wachovia short sale?
How do I write a Wachovia hardship letter?

What are some Wachovia FORECLOSURE ALTERNATIVES?

If you are wanting to avoid foreclosure with Wachovia in Campbell county, consider a short sale. Wachovia has alternatives to a foreclosure. With record high defaults (foreclosures), a great solution is a Wachovia approved short sales. There are a large number of people behind on their mortgage payments and upside down on their home that want to avoid foreclosure. Banks are allowing you to sell your home for less than what is owed. If you want to stop your home from going into foreclosure in Campbell county, a short sale may be the right solution for you. We provide this service at absoletely no cost to you and have great working relationships with Wachovia to help you in your time of need.

I AM upside down on MY mortgage with Wachovia, WHAT SHOULD I DO?

If you upside down on your Wachovia mortgage, there are options to avoid foreclosure in Campbell county. There are many options to either avoid a foreclosure or make your mortgage payment even more affordable. To avoid having a Wachovia foreclosure, one of the best options you might have would be performing what is called a short sale.

What is a Wachovia Short Sale?

Banks such as Wachovia are not wanting to absorb the cost of a foreclosure in Campbell county. Foreclosures are very expensive and time consuming. Banks will typically work with home owners in hardship and allow you to perform a short sale. Our company specializes in helping homeowners working out a short sale solution with Wachovia.

Wachovia Denied MY Loan Modification, whats next?

Knowing exactly what a short sale is will help you have a better understanding. We work with Wachovia to negotiate a short sale for you. Our team of Short Sale Experts in Campbell county have a great realationship with Wachovia and show that your home is worth much less than owed, and to avoid the hassels and expenses of foreclosing, we can negotiate a short sale.

What is the Wachovia short sale process?

• The lender acknowledges receipt of the file. (This can take 10 to 30 days.)
• A negotiator is assigned. (This can take 30 to 60 days.)
• A Brokers Price Option (BPO) is ordered. (This can take 10 to 15 days.)
• A second negotiator could be assigned. (This can take another 30 days.)
• The file is sent for review or to the PSA. (This can take 15 to 30 days.)
• The bank might request that all parties sign an Arm's-Length Affidavit.(Typically nortorized)
• The bank issues a short sale approval letter.
• Close the sale of your short sale

HOW TO CHOOSE A Wachovia Short Sale Company

When your loan modification is denied by Wachovia, you are an ideal canidate for getting the lender to approve you for a short sale. Lenders attempt to work with home owners to save their homes, but when you are denied a loan modification by Wachovia, they will allow you to short sale 99% of the time. Call us, we will give you other options.

How to Qualify for a Short Sale with Wachovia

There are many reasons a Wachovia will allow you to sell your home for less than owed. Any of these situations may qualify you for a short sale. (Note: these are most of them)

• Job loss or unemployment
• Relocation or involuntary job transfer
• Loss of income
• Decrease in working hours
• Medical expenses
• Major repairs on existing home
• Divorce
• Increased living expenses
• Death of borrower
• Short term or permanent disability
• Death of spouse or family member
• Business failure
• Vacant investment properties
• Bankruptcy

where do i FIND A Wachovia short sale expert

Wachovia foreclosure vs short sale in Campbell county. It could be the right solution for you. The lender short sale process in Campbell county can be a long and tedious task and negotiations could take months to complete. We strive to shorten this transaction timeline as a company by utilizing our relationships with Wachovia.

HOW TO HIRE a Wachovia short sale realtor?

Have a Professional Wachovia Short Sale Realtor in Campbell county working for you. Our Short Sale Realtors are the top short sale Realtors to facilitate a effortless and smooth short sale. We are the Wachovia Short Sale Experts in Campbell county. We have proven track record and can negotiate a short sale from beginning to end.

HOW TO FIND Short Sale agents WHO WORK WITH Wachovia in Campbell county?

We don't just want you to work with any Real Estate Agent, we want you to work with a Short Sale Realtor that is a short sale specialist in Campbell county. What is the difference between a short sale agent and a short sale Realtor who specialize in working with Wachovia? They both have to be licensed by the Department of Real Estate and follow the real estate laws. They both specialize in facilitating with short sale transactions and negotiations. The main difference is that a real estate agent is a REALTOR when he or she is a member of the National Association of Realtors. A Wachovia specialized Realtor in Campbell county has to abide by a stricter Code of Ethics and Standards of Practice.

Hire a local South Dakota Wachovia short sale expert to sell your home. Not all short sales are successful because every lender and situation is different. A short sale expert can examine your circumstances and be very knowledgeable of your options.

WHAT ARE THE documentS requireD for a Wachovia short sale in Campbell county?

When qualifing for a Wachovia short sale, most banks will require the following documentation to approve your short sale in .

• Recent Mortgage Statement
• 2 most recent months of paycheck stubs (if employed)
• 2 most recent months bank statements
• 2 most recent years W2's
• 2 most recent years Tax Returns
• Property Tax Bill (If it is not included in the mortgage)
• Property Insurance Bill/ Statement (if it is not included in the mortgage)
• Homeowners Assoc. Bill (If you have a Homeowners Association)
• Sellers hardship letter
• Complete financial statement
• Letter of authorization (which lets your short sale agent speak to the bank)
• HUD-1 or Preliminary Net Sheet
• Comparative Market Analysis or list of recent comparable sales

How do i write a Wachovia hardship letter?

The Wachovia hardship letter only needs to be about a page long typed out explaining your situation and how your circumstances have changed. The lenders want to know why you are not able to make your mortgage payments. Contat us today for a break down on how to write a proper Wachovia hardship letter.

some history about Wachovia

Wells Fargo & Company was founded in 1852 by Henry Wells and William G. Fargo. Wells Fargo is an American multinational diversified financial services company with operations around the world. Henry Wells and William G. Fargo also founded American Express and formed Wells Fargo & Company to provide express and banking services. In 1860, Wells Fargo gain control of Butterfield Overland Mail Company and lead the operation of the Pony Express. These services operate under the Wells Fargo name and later separate the banking and express services and merge with Nevada National Bank in 1905. In 1918, the U.S. Government nationalized Wells Fargo Express franchise as a wartime measure and the government takes control, known as the U.S. Railway Express Agency. Wells Fargo Bank mergers and acquisitions of other banks throughout its history make Wells Fargo the fourth largest bank in the U.S. by assets and the second largest bank by market capitalization. Wells Fargo 150 year history has a nationally-recognized name and stagecoach trademark. Wells Fargo acquired Wachovia. In 1995, Wells Fargo becomes the first major financial services firm to offer internet banking and in 2007, it was the only bank in the United States to be rated AAA by S&P.