Wells Fargo not granting anymore extensions to shortsale or postponing foreclosure/trustee sale.

[Lou Sanchez]

Important Message from Wells Fargo:

PLEASE READ AND FORWARD TO ANY PARTIES WHO MAY BE WORKING ON A SHORT SALE FOR WELLS FARGO .

Due to recent industry changes, we at Wells Fargo will no longer be granting any extensions for short sale close dates or postponing foreclosure/trustee sale dates. If you were issued an extension letter dated 9/14 or earlier, those extension letters will be honored, but no further extensions will be granted. Files must close by expiration date on the original approval letter or they will be removed. If your approval expires 9/15 or 9/16, you will have 48 hours to get me the final HUD for approval and close.

I this a sign that banks are moving to release REO's?

[G. Gonzalez]

Thank you for the update. Is Wells Fargo postponing Foreclosures with the HAFA program?

[Monica Dehnert]

Thank you for the information.