Short Selilng A Mortgage

vcrindc profile photo
I have a potentail deal where the owner is upside down in his mortgage. He's ready to walk and give the property back to Wells Fargo. Whom at Wells Fargo should I contact about buying the mortgage at a discount?

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  • BAMZ3rd December, 2003
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    Reply

    Hi vcrindc,

    You will need to get written authorization from the homeowner to speak with the lender about their loan, and then you will need to fax/mail it to the Loss Mitigation Department.

    Do some more reading in the Short Sale and Preforclosure Forums!

    Best of Success!

    BAMZ

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