A Wells Fargo Financial pre-approved short sale - Wells delivers!

I recently wrote about an unusual experience I had with Wells Fargo where just after sending in my list agreement and my authorization, I received a call from Wells wanting to pre-approve the short sale.

They immediately had a BPO done and I got a call the following day from my negotiatior. He shared the BPO price with me and asked my opinion on what we should price it at to definately move it in 30 days. I gave him my opinion, we dropped the price and 5 days later we secured a strong buyer at list price.

Now here's where I got a little nervous. My negotiator told me he could personally sign off on the approval if the loss was under a certain amount - not the case here. With such a large loss he had to get "investor approval"...but assured me this would take just 10 days. I was hesitant to believe this. I've heard that one before!!!

But sure enough 10 days later I had an approval in my hand and we are closing next week.

Now assuming the buyer doesnt fall out last minute (knock on wood) this will be a 5 WEEK LIST TO CLOSE SHORT SALE.

Impressive, Wells Fargo!

Now could every other lender follow suit please??