topic Wells Fargo Retail Services Carrier in Credit Cards

Wells Fargo Retail Services Carrier

Anonymous — Sun, 29 Sep 2019 14:21:07 GMT

Got a quick question here.

I need to replace my AC however it seems that all of the AC companies around her utilize either Green - something or Wells Fargo as a loan or as a Wells Fargo credit card for financing.

I got an upper managment promotions (yay me), great salary and I have to move to Sarasota Florida (boo hiss.) Before I can sell my house I have to replace the AC and get the Roof repaired/replaced. In addition to replacing the flooring. All of this takes money which I currently don't have to cover the projects. I currently have 42% equity in my home. Personal Loans and Home Equity problems can not work as I filed BK7 back in Dec 2017 ( < 2 years since filing for PLoan and HEL) and I will not be using the property as my primary residence for the first year (HEL) . Almost every place around me uses WF in some fashion for financing.

I did IIB WF on a credit card in the BK. They also hold my note on the home. Does the Wells Fargo BK list I have read about here on the forums include WF Retail cards/loans? I don't want to apply with a guaranteed no as I I need my HPs to start dropping off to buy a home in Florida.

I have some time as my company will spring for temporary housing for a couple months in addition to 2 - 3 months of permanent housing. Currently homes in the area are selling fast 14 days - 57 days. I know a home down the street was listed and bought in 8 days.

Can anyone chime in on WF Retail Service loans/cards?

Thanks in advance

Re: Wells Fargo Retail Services Carrier

Anonymous — Sun, 29 Sep 2019 16:36:38 GMT

Since WF holds your mortgage they might float you the cash out of the equity to sell the place. Either way Call them and ask them about your options with the card or pulling some equity to fix the items to sell the place.

CK lists a good handful of options for PL's though as well thay might not be as stringent as what you have already looked at. IF it's a quick flip after the projects are completed it might be possible to pull BT's to your checking account from your CC's which wuold be 0% and a 3%/4% fee for the advance.

Or, look into the cash for houses options and have them take it off your hands w/o dealing with the fixing / financing side of it as they'll take the expenses to replace those items off the proceeds and you'll be done with it in 1-2 weeks while they do the paperwork.

Re: Wells Fargo Retail Services Carrier

Anonymous — Sun, 29 Sep 2019 16:53:27 GMT

@Anonymousgrat's on your promotion to upper management as that is one of those once in a life time recognitions. Very exciting

Understand your quandary on fix it items before sale. Pretty typical requirement for FHA, VA and USDA Loans as they are eyes on roofs and heating, air conditioning and electrical services. Wanted to sell my home and got flagged on the same items.Told a cash buyer can ignore the fix its but, many real estate lenders want it updated.

Re: Wells Fargo Retail Services Carrier

zerofire — Mon, 30 Sep 2019 23:10:25 GMT

As a home owner I can safely say that all of those items are things that I would prefer to get a discount on instead of having you repair when buying. This is especially true when it comes to flooring and HVAC since those can be personal choices and the warranties are usually to the first owner only. Roof probably not do much.

Wells Fargo is a complicated beast of a bank and a rather hard one to deal with. They might or might not approve you but most likely will not be happy when they hear you are selling the home. If I issued a loan and another loan that I had with you was stated to be repaid by sale of security I would call the new loan as well. You might be able to ask for some equity out of the home but after IIB I doubt that would be approved. I would want the house myself to resell instead.

Overall I recommend you find a lender that is actually willing to work with you to do the repairs or just sell as is.