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Relationship with Wells Fargo – Temporarily Closed To New Investors

We have some very exciting news. We now have a procedure in place to go directly to Wells Fargo with REO and Non-performing notes requests. Following are the criteria that must be followed:

1) Minimum order size is $100 million (not the BPO, but the purchase price).
2) The following documents must be submitted by the buyer:
A) LOI (see member are for sample LOI format).
B) A financial statement audited by an independent third party

The buyer will then be dealing directly with the bank. Financial information may be submitted directly to the Vice-President of Wells Fargo Home Mortgage. Your buyer will also have the opportunity to call or email this individual with any questions prior to completing the transaction.

If any of your other clients are interested in utilizing our DIRECT connection to Wells Fargo, please let me know as soon as possible. I will then forward you the name of the individual whom the LOI should be addressed to.

We also, as always, have several other contacts who can fill REO orders for less than $100 million, in case your buyers need REO/notes packages in that price range.

We are sharing this opportunity with a very exclusive group of brokers/buyers, in our member network. If you are interesting in participation, please join our membership area.

Sovereign Funds Seeking to Purchase

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