There appear to be a lot of idiots at Wells Fargo. I’m not usually one to open my mouth about the banking industry, wait………… hahaha I almost fooled myself into that one. I actually have no problems breaking the balls of the banking industry and keeping it real. I do a ton of short sales and have for years. I have worked with pretty much any bank out there at one time or another. They all have their ups and downs but one bank consistently has a bunch of morons working at the helm. Apparently all the idiots work at Wells Fargo.
From redundant paperwork to too many people with their hands in the cookie jar it is a circus every time I deal with them. I have a deal right now that takes the cake. I am on my 3rd set of buyers because they take so dang long to respond to the offer on the table. Oh, and did I mention we are a pre-approved HAFA short sale? That’s right, the same HAFA program that pre-approve’s a sales price to speed up the entire short sale process. That joke of a program lead my second buyer to offer exactly what the required net amount I was told would get the deal done by the idiots at Wells Fargo only to have them come back and increase the “pre-approved” amount afterwards! How frustrating. Then on the third buyer, who offered that exact same amount as the second at the “pre-approved” price, I suddenly was told that on one form my sellers signatures did not match the file they had from years ago when they closed and I could be held accountable for fraud.
What?!? Are you serious? Of course they don’t match you idiots at Wells Fargo because technology now allows people to e-sign and those signatures are electronic. Hello! It’s time to get with the times. Now today was the final straw for me. After waiting for weeks with the third buyer I finally got an approval letter to close the short sale, kind of. The email body told me that I had till 11-16-2012 to close the file. Ummm yeah, that’s next week and the buyer has a loan they need to obtain and cannot start until THEY HAVE A LETTER FROM YOU!
Wait, wait that’s not all of it. As I read the actual letter itself I find a date on page one for 12-21-2012. Okay, okay now we are talking I’m cool with that. Blah blah blah……………blah blah…….. file must close on or before 10-18-2012 for offer submitted on 10-19-2012. WHAT!?!? How the heck do you have three different dates in this letter you idiots at Wells Fargo? Perhaps it is the fact there is 2000 points of contact? No, that’s not it. Um, maybe you want another bail out from Joe citizen? No, hmmmmm wait I got it!
Here is how I explained my revelation to my poor sellers;
Well apparently Wells Fargo designed a time machine and has been withholding this from us all along. I knew they were up to something. I have put in a request to use this said time machine to go back to when the home was purchased and re-negotiate the sales price and make sure your taxes will be escrowed this time around. Because of the genius people at Wells Fargo the whole world will now be able to avert the financial crisis by going back and correcting a few things. Since this is going to happen we will never meet and our paths will never have to cross. It was a pleasure to work with you.
What a bunch of bleeping idiots at Wells Fargo!