How To: Buy A Foreclosed Home From Wells Fargo

Settlement is typically set for 60 days from the accepted offer date. Standard bank policy does not accommodate settlements in 30 days or less unless it is a cash purchase. Real Estate Home Search and Tool | Wells Fargo

Properties are sold in their current condition with no warranties. Wells Fargo is not required to provide standard residential property disclosures. how to buy a foreclosed home from wells fargo

You can conduct a home inspection within 7 days of an accepted offer, but it is for informational purposes only; the bank generally will not pay for repairs. Settlement is typically set for 60 days from

Grants like the Homebuyer Access® grant cannot be used to finance Wells Fargo REO purchases. 3. Submission and Purchase Process Wells Fargo is not required to provide standard

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.

You are exempt from pre-qualification but must provide verified proof of funds .

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