Wells Fargo Victims Wanted
Feel like you are being taken by Wells Fargo? Do you think Wells Fargo has your families best interest at heart? Charles Lincoln is asking these questions and more with the intention of stopping this banking scammer from stealling any more of our homes. Tierra Limpia and Deo Vindice, aka Charles Lincoln is looking for people to sign up for a potential class action suit with Wells Fargo. Call Robert at 860-599-5557 or click the links above to find out more.
This entry was posted on 15. September 2009 at 20:01 and is filed under wells fargo, foreclosure help, foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.
21. February 2010 at 01:37
I have spent years keeping my credit A-1 and now no one will even talk to us now about getting a good mortgage, this is our dream house that we built and would really like to keep it and with good loan.
I guess I was asking Wells Fargo for too much to be a great customer and prompt payer, they would rather jerk people around and get that high interest, take peoples homes no matter what.
Here are the things we are going through with Wells Fargo Financial, very unhappy with and abusive predatory tactics/promises
on 02/18/08 we financed our home with Wells Fargo Financial to pay off dept that we inquired during the rebuilding process of our home,The home was previuosly free & clear, we dealt with Trishia Hunt, she contacted us cold call, and we requested a fixed rate loan, no problem, get to closing and it turned out to be an ARM @12% interest with 3 year adjustment, my wife had a few things on her credit that was paid off so according to Trish that we can refinance at a good rate in 1 year, Great! Now we have good credit, no late payments on anything and I mean everything. also extra used funds to put in a new septic system & other improvements so we can get ready to refinance at 95% of value next year as Wells Fargo will do that, but for us to get around that, they have their own appraiser and he will low ball the appraisal, We had house appraised for $90,000 a few months earlier by another appraiser, (but that deal did not go through due to old septic and water system), and Wells Fargo says it is only worth $70,000 and that was after many expensive updates.
Now comes April 14 of 2009 and we were contacted by David Olson one of the managers at the Grand Rapids, mi. branch and said we are ready to roll this loan into a 4.5% 30 year mortgage, $7500, in closing costs, very high but he said was negotable, Great! so we sent all the paperwork in, in April which was all there, I keep good records and know where things are and David also said the sooner we get our paperwork in the sooner we close this loan, so I did just that, then 05/28/09 comes along and we finally got the Truth in lending Disclosure, Great! every thing looks good, the terms and everything were good for us.
Ok, now that the home still needed a little work to be perfect, I finished some small projects and still needed to complete the garage, siding, electrical, so I contacted David Olson and he said the loan is all approved and just waiting on the appraiser, so I waited for a few weeks and asked David Olsen again what was going on?, again he said the loan has been approved and still waiting on the appraiser, busy guy, so I asked if I could get my own appraiser and he said no to that. and David Olsen told me to go ahead and borrow money to finish your home before the appraiser gets there to get the best appraisal, OK, borrowed about $5000 to finish home and everything was good to go now June 2009, just waiting on the appraiser. Now I also asked David if we should get someone else to refinance since they were having trouble getting an appraiser here and he said just be patient, the loan is all approved and the appraiser will be there/well this went on all summer, if I would have known this guy was lying to me, I would have found another finance company, but I would have 2% prepayment penalty on the loan, so I would just stick to the plan. loan is approved right?
Ok now here comes 08/31/09 a refusal letter stating that we insuffcient income, which we did not a year before and excesive obligations, yes that is true but since we bowrowed money to fix up home, Thanks to David Olsen, I would think that would be expected, since I was going to pay off all debt with loan proceeds and we are on a good path to great credit, I have been borrowing money to pay some bills till this loan went through, well since the loan did not go through, I cannot pay my unsecured debt, Now I am in big trouble, it is my fault for listening to these lies from David Olson and Wells Fargo. should have seen it coming.
Ok, now comes the Home Affordable Modification Loan since our income has dropped due to my tenants not paying and the overwhelming unsecured debt (my wife is a Vetatern and we are both on Social Security fixed income due to disability’s) that was 09/11/09 We sent all required info for the Home Affordable Modification to Kerrie Holst and on 11/04/09 Kerrie Holst needed more info, we sent that out promptly and about a week later Karrie Holst called me and said we do not qualify for the Home Affordable Program, we made too much money and the payment would go UP instead of down, I then asked her if there is another way of getting this home in a good loan, and she said it was in a good loan and 12% ARM is a very good rate? WHAT? and she kept insisting me that she trying her best to help me? WHAT?, well that conversation did not end well.
1. OK now check out these 3 situations- 02/18/08 had good credit except wife, not too bad, we get 12% ARM 40 year $675 a month, Ok no problem at time told we could refinance next year when these marks are off of credit, did that.
2. Apply for a good loan all credit issues cleared up, April 2009 4.5% 30 year fixed-$399.51 a month, down from $690.00 mo. perfect! come 08/31/09, got refused for this loan, findings-could not afford this loan? WHAT?
3. Now we apply for the Home Affordable Modification 11-09, got refused because we make too much money and the payments would go up instead of down,
Ok recap make enough 1n 2008 for a 12% arm loan, same income, now bank says cannot afford $399.51 loan, do not receive enough money, OK lets go for the HAMP, our income down $900.00 a month and did not qualify, Received too much money and payment would go UP instead of down,from $675.00 WHATS WRONG WITH THIS PICTURE?
That our my nightmare with this bank any help would be great!
Thanks, Todd & Cori Runnels
9496 S. Gulley rd
Baldwin, MI 49304
231-898-6058