Comments on: Wells Fargo Home Mortgage follow-up

By: steve

steve — Mon, 24 Aug 2009 20:21:58 +0000

Ron and Rob, Better late than never. I suggest that you file protests to be included on ALL of your credit reports. Include all pertinent documentation (check postings/bank statements-with account numbers blacked out), as well as a written explanation of what they are doing to you. These negative reportings will be legally removed and investigated by the bureaus for two months. It will also cause someone at WFHM a big pain in the ass. YES-they will actually have to do their jobs! If you should see this negative reporting return, do it again and again. Along with that, please contact your state’s office of the Attorney General with an explanation of what happened to you, so at least you have something on record. I’m sorry you are having this problem, but what can you expect from a New World Order banking institution?

By: AvgJoe

AvgJoe — Sat, 22 Aug 2009 20:42:07 +0000

The saga continues with Wells Fargo and I see I am not alone, I sent the QWR (Qualified Written Request) to Wells Fargo and the related government offices as it was suggested on a couple of sites. I contacted someone to look into a forensic audit as it was also suggested. I know they have mishandled my mortgage, I didn’t chose them they bought my loan and it’s been down hill ever since. I have an adjustable rate mortgage but with a 5 yr. cap and here we are 12 yrs into the mortgage and they are still adjusting it and they just acquired it a yr or so ago. I could write a book on the games they have played, with the insurances, late fees etc most of which I am seeing in duplication here as I read these posts.
I made the mortgage payment even though WFHM told me I am in ‘Active Foreclosure’ and they wouldn’t accept it, it was accepted and credited. I just found out their attorney has filed a motion at the local courthouse to make additional parties defendant, claiming I am deceased. What is that all about??????!!! I am not diseased, I am very much alive!!!!! What kind of ‘Mickeymouse’ strategy is this? The only reason I was late at all was I am self employed and my clients could not afford to pay me. This action caused me to be one month late on my mortgage, of course the review process added even more time to this as I was told not to make a payment during their review. Anyone who is reading this, do not fall into that game, you can always make a payment on your mortgage and if you can you should. Its odd the only reason I am in active foreclosure is because on the last payment of the Special forbearance my daughter put the wrong date on the check, even though it got there on time it was considered late and a violation of the Special Forbearance. This action immediately triggered a Foreclosure. When I finally got that squared away and got into another payment plan I was dropped for failure of investor guidelines. I still have no idea what that means. I am starting to think that there has been a lot of mistakes made here, and that this may need legal representation. I still have their attorney hounding me, I have people offering to buy my house at nowhere near its value. There is a lot of STRESS my family has to endure, not to mention the embarrassment of being in the local courthouse.

The sad thing is I can afford my mortgage, I am a self employed individual that fail into this situation because my clients could not afford to pay me, have to love the economy of 2009. I contacted WFHM about this and their process took forever to get going, and during their review I was not supposed to make payments, being nieve I did not. So I fell behind more then my initial one month. Then when the Forbearance was cancelled due to the check issue as mentioned above, then I fell into Active foreclosure and POOF my credit is trashed! I was told when I entered into this last forbearance that the Foreclosure would cease but it hasn’t and she the ‘bulldog’ attorney hasn’t gone away if anything she’s getting more intense, I just need to figure out how to make her go away, how to get my credit restored and how to get out of this mess that I have fallen into. I have even contacted the court about all of this and was referred to the mediator which may of put a hold on all of these proceeding at least for now, but I am sure there is more I can do and I am looking for any guidance and or experiences anyone can offer.

By: Elisa

Elisa — Wed, 12 Aug 2009 17:42:07 +0000

I have a lot of problem with Wells Fargo home, i filled chapter 13 last year five months later i dismissed the chapter 13, wells fargo is charging me $1100.00 plus $130 for inspection , i dont know why i have to pay for these charges, my mortgage payments was apply to this money this is not fair i dont think i should have to pay because i filled chapter 13, wells fargo dont have nathing to do with that, i need to contact somebody, can anyone helpme i dont know what to do… this is a very bad company to deal with.. thanks. liz

By: Mark Roberts

Mark Roberts — Thu, 04 Jun 2009 15:03:09 +0000

I always like reading your blog! Another good solid article and a great help to many people!

By: steve

steve — Sun, 31 May 2009 04:35:12 +0000

Here’s one for the good guys! I had to cash a large check from a client-guess at which bank? The teller proceeds to call the manager for approval. During the course of transaction, the manager asks me”Why don’t you open an account with us here at Wells Fargo?” Ha ha, that’s when in a loud tone I let everyone in the immediate vicinity know that WFHM had sat on my Hurricane Ike insurance money and that I’d hired a lawyer to get what was rightfully mine. The manager said”Well that’s not us-that’s them.” Duuuh, you have the same name you’re guilty by association! However, I did notice people waiting to speak to the loan officers, began to listen. I finished by loudly stating “if your mortgage company treats hurricane victims this bad, I don’t even want to know how bad your bank will treat me.” The teller laughed and whispered, “that’s why I bank with Bank of America, have a nice day!” I told her quietly to look up this blog when she had time. ‘Nuff said

By: Ron

Ron — Fri, 29 May 2009 02:02:41 +0000

Rob, we expereinced the EXACT same situation with Wells Fargo Home Mortgage. Please, if you read this feel free to contact me at klingerhome26@gmail.com so that we may find a way to get this situation resolved. I know this is much later, but there is power in numbers.

When I read your posted letter, I can absolutely confirm that they have done the exact same thing to us. We were hit by Ike and have been trying to recover ever since.

Anyone else have solutions?

By: steve

steve — Wed, 20 May 2009 23:57:23 +0000

Brian, I had a letter come into my job today. Interesting enough, it was from FEMA. ANY and ALL Flood Insurance is sold through insurance agencies, however the Department of Homeland Security is now managing FLOOD INSURANCE. WFHM CANNOT charge you an exorbitant amount of insurance-it is regulated by the GOVERNMENT! They cannot make profit from it, if they are, you have good merit for a legal case of extortion. Please look up floodfacts.gov (editor: maybe http://www.floodsmart.gov ?) for THE REAL PRICE OF YOUR Flood insurance. The bastards can't get away with this- I don't know if you have a VA, HUD, or FHA loan. Please CALL and WRITE to the organization that fits your loan and let them know what is going on. Please file a complaint with the FTC, even though the government could care less. Maybe someday the jerks we elect might help us, but until then we have to help each other.

By: steve

steve — Wed, 20 May 2009 04:17:43 +0000

Brian-what a surprise! Collusion! They own the insurance company?Sounds like a conflict of interest/double dipping. I really feel for you brother. They probably “lost” your letter. They probably “lost” their law books too. Flood insurance is paid by the consumer directly to the insurance company. They cannot add flood insurance to your mortgage-it’s sold through the insurance by the US government. I think you had better contact a lawyer, local legal aid, or spend some time reading the state flood insurance regs via net in your area. I was told by my insurance company that it couldn’t be added to the mortgage, I had to pay it directly to them and they would forward it to the Government. Please seek help brother. Keep fighting the good fight and don’t let them win. If anything, tell EVERYONE who will listen to your story how bad WFHM is screwing you. If we can all get one customer to NOT finance with them, it will have an impact sooner or later. God Bless and good luck.

By: Bryan Mazey

Bryan Mazey — Sun, 10 May 2009 15:15:36 +0000

I failed to mention they have neglected to contact me in reguard to this letter.

Bryan Mazey

By: Bryan Mazey

Bryan Mazey — Sun, 10 May 2009 15:09:08 +0000

The following is a letter i sent Wells Fargo on 2-6-09.

My name is Bryan Mazey. I need relief and you can help. My loan # is 0000000000 and was originated in March of 2003. At that time the loan was in the amount of 115.000.00. The flood insurance premium was predicated on this amount. My premium was $547.00. During the course of the loan I was notified I was being required by them to increase my coverage to $250,000.00. My premium skyrocketed to $1215.00 and has been increasing every year. This years premium will be $l422.00. When I applied for this loan thru Midtown Morgtage I was given a choice of three proposals. The opne I choose claims I would save l,331.38 a year over my exhistion loan obligation. The math says I am now losing 200.00 a year because the forced change in flood insurance policy requirements has more than aabsorbed any savings. Your letter to me on June 6, 2003 in regards to the original flood insurance policy was for the outstanding principle balance of the loan. I agreed to this agreement. Since then you havre increased my flood insurance to the $250,000.00 limit. My current mortgage balance is under $79,000.00. I have never been late on a payment. I am retired for the past seven years, on social security and no pension plan. The difference of $500.00 to $1400,00 is a extreme hardship and has been since you changed the insurance requirements. There has never been a flood claim on this property and never will be. The only immediate relief will be if you revert back to the minimum amount of insurance predicated on my mortgage balance obligation to Wells Fargo. Please consider this change. If every borrower paid their mortgage obligation like me ,Wells Fargo would not have any financial problems in todays economic turndown. Note. Since writing this letter in Feb. 2009 I have become aware that Wells Fargo owns the insurance co. Something about this insurance scam smells really bad.