Hello everyone my name is Kelly Cook with the Kelly Cook Real Estate Group, your Phoenix short sale specialist, thank you for joining me today. I work with Keller Williams Realty in the Phoenix area and use my blog to provide valuable information to Phoenix homeowners on their options for avoiding foreclosure. If you are currently behind on your mortgage or already considering a short sale take a minute to fill out the contact form on my website or call me directly to discuss all of your real estate options.
For my topic today I wanted to talk about Wells Fargo and Wachovia short sales in the greater Phoenix area and some shocking news surrounding their short sale process. Even though Wells Fargo has acquired Wachovia and completed its transition we are still completing Wachovia short sales. If your loan was originated with Wachovia, even though it says Wells Fargo on it now, you are still grandfathered in to the Low Documentation Program. This short sale program through Wachovia but still under the Wells Fargo umbrella will allow you to complete a short sale in only ten days. The average short sale in Phoenix takes around ninety day to complete so having this quick turn around on your file is great news for everyone. Through the Low Doc program the homeowner can sit back and allow our team to handle the short sale file and doesn't even need to have a hardship letter written.
This is a great program put in place for Wachovia lenders and our team is prepared to help you get a short sale approval in just ten days. If you have a Wachovia or Wells Fargo mortgage and would like more information on the short sale process please stop by my website or give me a call today. On my website you will find a great new tool called the Short Or Stay Calculator that can give you a detailed report of when your home may be an asset again. Thank you for your time and I hope to hear from you soon at the Kelly Cook Real Estate Group.