Another Connecticut Short Sale Success with Wells Fargo!

I personally like working Wells Fargo short sales. It seems they have slowed down some in the last year but they are still reasonable to work with and their approvals dont take FOREVER.
This particular sale was challenging as it had three separate loans with Wells Fargo. Furthermore, the first was owned by Freddie Mac, who has recently picked up some very nasty short sale guidelines that make working with seconds near impossible.
Freddie Mac now refuses to allow more than $3,000 to go to any second, and goes even further to disallow any seller contributions to the second as well.
What used to happen was that when a second mortgagee wanted more than the first would give, a party to the sale could simply pay in the difference. So if a first lienholder was willing to pay the second $3000, but the second wouldn’t release for less than $5000, the seller could simply bring the additional $2000 to close to make up the difference, and everyone walked away happy.
THIS IS NO LONGER ALLOWED WITH FREDDIE MAC. I’m not sure what Freddie hopes to accomplish with this, except to end up with more foreclosures, but then again, I have never suspected the banks have a clue as to what is actually good for them.
Where we got “lucky” was that the second and third did not kill the sale over the $3,000, but agreed to take it for a lien release only. Unfortunately this left my seller to have to settle on the balance after closing once Feddie Mac was out of the picture, although the negotiator had many reasonable ideas as to how that could be accomplished.
After multiple delays on the buyers lenders end ( which has now become an expected fact in every sale) we managed to close - even if 4 weeks late.