How To Buy - A Foreclosed Home From Wells Fargo

Wells Fargo uses this mini-site to manage and list its REO inventory.

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. how to buy a foreclosed home from wells fargo

You cannot negotiate directly with the bank. You must use a licensed real estate agent to submit offers to the listing broker. Wells Fargo uses this mini-site to manage and

Grants like the Homebuyer Access® grant cannot be used to finance Wells Fargo REO purchases. 3. Submission and Purchase Process You must use a licensed real estate agent

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

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

Buying a foreclosed home from typically involves purchasing a Real Estate Owned (REO) property through their specialized asset management division, Premiere Asset Services (PAS) . 1. Finding Listings