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Loan Modification

: The Truth About Mortgage.com

Wells Fargo to Cut Some Short Sales Extensions

By scot184

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Wells Fargo has made a short sale policy change that will likely lead to more foreclosures, according to a memo obtained by American Banker. The San Francisco-based bank and mortgage lender will no longer grant extensions on short sales tied to loans serviced by other investors. The transactions must now close by the date in their approval [...]

Full post as published by The Truth About Mortgage.com on October 01, 2010 (boomark / email).

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