I actually was paying another back for the years that Wells Fargo claimed ownership. No other documents were ever submitted to me, my attorney or the courts that prove Wells Fargo was ever the owner, this was also substantiated by a through search of the FDIC and the Nassau County Clerks Office. Wells Fargo responded to NYSDFS, stating: that Wells Fargo has verified that they were not the owner or investor. The New York State Department responded to my complaint, that Wells Fargo was never the owner, by contacted them directly. There are no documents that prove Wells Fargo’s claim to be the original owner, The only document is a Assignment of Mortgage that was verified to be Fraudulent and manufactured by a employee who worked at the law firm that represented Wells Fargo, this was verified by a Private Licensed Investigator I retained.
Generally, all bank-owned repos are sold “as-is,” meaning the buyer is responsible to inspect the property and factor in any and all repairs.Wells Fargo Bank wrongfully Foreclosed on my home then sold the home. Buyers should speak with the listing agent to understand the terms of the listing. Generally, Wells Fargo repos are priced in accordance with the local market, but remember that banks tend to be more motivated than traditional sellers - especially if they are saddled with a large REO inventory. The listing agent will inform buyer’s agent as to the status of the offer. Wells Fargo reviews the offers from the listing agent and either accepts the offer, submits a counteroffer or rejects the offer in writing. Offers are submitted to the listing agent. Buying a Wells Fargo repo is similar to a traditional real estate transaction. REO seekers on RealtyTrac can choose Bank Owned under Property Type on the search page, and then simply select a state and a county and click the search button - and a list of bank-owned properties appears - including Wells Fargo REO assets. REO investors can purchase a wide variety of bank owned foreclosures from Wells Fargo. Premiere Asset Services, which handles Wells Fargo REO bank-owned properties, is headquartered in Frederick, Md., and has regional offices in San Bernardino, Calif. Investors and home buyers seeking foreclosure property owned by Wells Fargo can find those properties on Premiere Asset Services’ website or. Wells Fargo has a huge supply of REO properties - and it needs to sell them. Foreclosure investors can look to Wells Fargo’s distressed property vendor - Premiere Asset Services - to buy foreclosed properties. The number of bank-owned properties in the Wells Fargo portfolio will continue to grow, and some investors are taking advantage of the bargains. 3, 2008, Wells Fargo wrestled troubled Wachovia from Citigroup, engineering a bold strategic move that pushed Wells into the top three financial institutions in the United States. Instead of changing the name, the new owners decide to keep the famous brand - and its famous stagecoach logo - and even moved their corporate headquarters from Minneapolis to San Francisco.Īs the financial crisis of 2008 unfolded, Wells Fargo stayed largely on the sidelines as its rivals were being either bought by larger competitors, or in the case of IndyMac, being taken over by the U.S. The bank weathered the Great Depression and became one of the world’s largest banking institutions when it was purchased in1998 by the Norwest Corporation, a Minneapolis-based banking titan. Over the decades, Wells Fargo has evolved with the changing tides of American history. This history is so foundational to the bank’s identity, that even today the corporate symbol of Wells Fargo is the stagecoach.
Keeping with its western tradition and the expansion of the American West, the history of Wells Fargo is also tied indelibly to the growth of the overland Pony Express mail delivery system and the development of the Transcontinental Railroad, which linked northeastern cities with the rapidly expanding west coast frontier towns. The San Francisco-based banking company opened its doors around the time of the gold rush in the Western United States.
Wells Fargo, which was founded in 1852 by Henry Wells and William Fargo, became synonymous with the opening of the American West. Wells Fargo bank has thousands of REO properties for sale.
Investors seeking Wells Fargo REO properties can also find bank-owned foreclosures on RealtyTrac. The Wells Fargo REO department has a website where it lists all of its bank-owned foreclosures. Wells Fargo, based in San Francisco, outsources its real estate owned properties, or REOs, to an outside vendor called Premiere Asset Services. Each lending institution handles its bank-owned REO properties differently.