How To Buy A Foreclosed Home From Wells — Fargo

You are exempt from pre-qualification but must provide verified proof of funds .

If utilities are off, the buyer is responsible for costs to de-winterize and re-winterize the property for the inspection (typically $500–$600 ). how to buy a foreclosed home from wells fargo

You must obtain a free pre-qualification letter from Wells Fargo Home Mortgage to submit an offer, even if you eventually use a different lender. You are exempt from pre-qualification but must provide

Must be in certified funds (personal checks are not accepted) and made out to the listing brokerage. Must be in certified funds (personal checks are

Owner-occupants receive priority over investors during the first 15 days a property is on the market, as well as a new 5-day priority period following any price reduction. 4. Inspections and Closing

An exclusive search tool for existing Wells Fargo customers to view home listings and market insights. 2. Pre-Approval Requirements Wells Fargo has strict financing rules for its REOs:

You cannot negotiate directly with the bank. You must use a licensed real estate agent to submit offers to the listing broker.