Yes, we encourage potential buyers to get a professional home inspection as soon as possible.  REO homes are typically sold in “as is” condition, making you responsible for fixing whatever problems exist.  Knowing the home’s condition will give you the information needed to make your offer.

We offer the opportunity for you to partner with one of our Home Mortgage Consultants who will provide you with information about all of the current financing options that are available to you.  While you are not required to acquire financing from us, obtaining a free mortgage prequalification from us gives PAS and our client the confidence that you can close a loan on the property.

Since many REO properties may require home improvement efforts, we also provide financing that may enable you to combine purchase and improvement financing into a single loan.  This financing offers a number of benefits, including the possibility of borrowing more based on the home’s improved condition.  For more information on the benefits of this financing and on the home improvement process, see our Home Improvement Center.

Your listing agent should be able to refer you to one of our Home Mortgage Consultants.  If they cannot, you have a couple of choices:

• You can locate a local Mortgage Consultant by visiting the Wells Fargo Home Mortgage website.
  
  
• Email us and we will refer you to a Home Mortgage Consultant in your community.
  
  

Yes, for an exclusive first look at PAS properties:

• Sign up for Email Alerts.
  
  
• You will receive an email alert when a property meeting your criteria is received in PAS and ready to market.
  
  
• Before a list price is set, the price on the website will show as TBD.  These properties are in Pre-Marketing status.
  
  
• If you are a Municipality or Non-Profit using NSP funds and are interested in an exclusive first look on properties in Pre-Marketing status, email us.  Include the property address and information on the buying entity.
  
  
• Once valuations are received, pricing will be determined and sent to the NSP buyer for consideration.  The buyer will have exclusive negotiating rights for 5 days before the property is listed for sale.