How To Buy A Foreclosed Home From Wells Fargo -

You cannot negotiate directly with the bank. You must use a licensed real estate agent to submit offers to the listing broker.

You must obtain a free pre-qualification letter from Wells Fargo Home Mortgage to submit an offer, even if you eventually use a different lender. how to buy a foreclosed home from wells fargo

Properties are sold in their current condition with no warranties. Wells Fargo is not required to provide standard residential property disclosures. You cannot negotiate directly with the bank

Buying a foreclosed home from typically involves purchasing a Real Estate Owned (REO) property through their specialized asset management division, Premiere Asset Services (PAS) . 1. Finding Listings how to buy a foreclosed home from wells fargo

If utilities are off, the buyer is responsible for costs to de-winterize and re-winterize the property for the inspection (typically $500–$600 ).