Do you know how much there are in unpaid taxes? If it is not that much, it might be worth paying for clear title and have the deed in lieu with Wells Fargo go through. You can always contact a title company or attorney’s office and have them perform a title search/title examination. Having any lender consider a deed in lieu is better than most, those are usually harder to get approved. I am curious to know of what kind of help Wells Fargo’s has been, what are they saying has to get done.

Foreclosure is foreclosure, I would try and avoid it of course but there are always underlining circumstances that might make it the best thing to do. It will be on their credit report for awhile. Don’t know their position on purchasing in the future but that would be affected of course.

If you are unsure of what you are dealing with, you might want to seek legal advice.