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All Posts Tagged Tag: ‘Wells Fargo’

Short Sale Standards for Military Personnel in Daytona Beach, Florida

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US Servicemen Eligible for Short Sale help! Lenders offer cash payments once a borrower wants to pursue a short sale, said former Air Force officer George Chung, senior vice president of Wells Fargo Home Lending.  The incentive offered by Wells Fargo is generally about $3,000, Chung said. That’s over and above the bank’s agreement to allow the house to be …

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If you are looking REO’s, Hold your Breath!

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Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency. The abrupt slowdown came in response to the OCC’s April release of minimum standards for foreclosure sales, which are usually the final act in the foreclosure process. Within two weeks …

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