wells

Hello I am Matt Fetick with Sold By Short Sale, Philadelphia’s leading short sale specialist, thank you for joining me today. Today I wanted to talk about working with the short sale department at Wells Fargo. In the Philadelphia area I am sure many of you have seen your local Wachovia being converted to a Wells Fargo following their purchase of Wachovia. While the branches have changed, Wells Fargo has always been one of the largest mortgage servicers in the region. If you have your checking and savings accounts with Wells Fargo along with your mortgage you should know about something called the right to cure. The right to cure simply means that Wells Fargo has the right to take funds out of one of your accounts to bring another account current without seeking your approval first. When opening your account with Wells Fargo this information is listed in the fine print below the signature line. So if you find yourself behind on your Wells Fargo mortgage the bank may simply take the funds out of your checking or savings account to satisfy your debt obligation. It may be in your best interest to have a separate account at a different bank in case you find yourself in a hardship. It is your money and you have the right to decide how it is spent. Our team has a lot of short sale experience with Wells Fargo so please contact us or stop by the website today. I am Matt Fetick with Sold By Short Sale, Philadelphia’s leading short sale specialist, thank you and have a good day.