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Loan Modification

: Loan Modification & Home Loan News

Wells Fargo Puts an End to Short Sale Extensions

By Evan Bedard

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In a move that will expedite some foreclosures, Wells Fargo & Co. has stopped granting extensions for certain distressed homeowners to complete short sales. The change last month preceded recent revelations of faulty documentation at two major mortgage servicers ? JPMorgan Chase & Co. and Ally Financial Inc. ? that suspended thousands of foreclosure actions [...]

Full post as published by Loan Modification & Home Loan News on October 06, 2010 (boomark / email).

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