Short Sale News: Wells Fargo Clarifies Short Sale Criteria for Foreclosure Postponement

The National Association of Realtors (NAR) issued a notice this week explaining Wells Fargo’s new rules surrounding short sale transactions when a foreclosure is pending.Earlier this month, Wells Fargo advised NAR that it has modified its existing guidelines to allow the postponement of ascheduled foreclosure in connection with a short sale, but only in limited situations.NAR explained that for loans …