Has anyone had subject 2 experience with Wells Fargo recently? My preferred lender says they have been very difficult the last few years.
Should I be worried about doing a subject 2 deal with Wells Fargo?
Any advice on how to assume payments?
From my experience they have some of the most difficult underwriting guidelines. I haven't had a subject to, but can imagine that it could be difficult to get through.
@Walter @Aaron Poling
Thanks for confirming what I have heard. Would underwriting be directly involved if the sale is only disclosed accompanying new insurance documents?
For others following this @Nick J. has a post detailing how a letter from an insurance agent can disclose the sale without encouraging the bank to do anything.
I don't know if they would be involved but I think that UW is difficult because in general they have very strict guidelines on what they accept and approve. You should be able to get through it with them, you will just want to follow their guidelines perfectly. Good Luck!