Property Purchase Restrictions
You may not directly or indirectly (including through family members) purchase real or personal property that has been repossessed or foreclosed upon by Wells Fargo or is being marketed or sold at Wells Fargo’s direction as servicer of a loan. It is your responsibility to conduct appropriate due diligence to make sure that you are not becoming involved in the purchase of a foreclosed or short sale property owned, marketed, managed, or serviced by Wells Fargo.
This property purchase restriction includes property where the sale is contingent upon Wells Fargo's approval as a result of its servicing of a loan secured by the property. For example, this would restrict a sale where Wells Fargo is servicing a loan secured by a property a team member seeks to purchase, and Wells Fargo is not receiving a full payoff (“short sale”).