Since the beginning of the mortgage scandal, where most large banks allegedly processed hundreds of thousands of foreclosure documents improperly, Wells Fargo has maintained that its business practices have been in accordance with the law.
John Stumpf, Chairman and CEO of Wells Fargo, released the following statement: "We are confident that our practices, procedures and documentation for both foreclosures and mortgage securitizations are sound and accurate. For those reasons, we did not, and have no plans to, initiate a moratorium on foreclosures." For more info go our website at Upside Down Home Cures.com .
What does this mean for a home owner that is behind on their Wells Fargo Mortgage? If a foreclosure is looming on your horizon, the best solution best is to talk with an experienced short sale realtor. The Short Sale Realtor can recommend some alternatives to foreclosure and point you to professionals for advice on the possible tax ramifications or deficiencies comparing foreclosure to a short sale.
Kathy Dyer Realtor License # 01723710 CDPE Certified Distressed Property Expert, and her team help home owners who need to short sale in the Roseville, Rocklin, Lincoln, Loomis, Granite Bay and Sacramento areas in Placer and Sacramento counties.
For more information about Short sales visit www.HomeTeamGirls.com. If you know anyone who is upside down on their property and can not afford their mortgage, and does not know where to go next, we can help them.
Visit our websites at:
Phone: 916-759-2147
Email Kathy@HomeTeamGirls.com 
This site, Kathy Dyer Realtor Lic #02723710, Christine Sturgis Realtor Lic #01232805 or Keller Williams Realty is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.
Great update. This has been the talk of the town around my office. Glad to get the straight scoop from you!