| Wells Fargo Bank |
| Wells Fargo Bank lies about charges Santa Fe, New Mexico |
| 3rd of Jun, 2011 by User207279 |
| wells fargo is one of the most crooked banks.they charge a fee to cash checks that are drawn on their bank.pressuring you to open an account with them. I spoke with the customer service representative at the bank.He assured me no monthly fees. He had them open a savings and checking account and charged me a monthly fee on both. I am in North Carolina now and the bank they took over(wachovia) tells me I must drive to Atlanta ,Georgia to close my account. They also charged $150 for paying a auto loan four months early which had no accrued late fees. Please be careful if you must deal with this bank |
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Thursday, June 16, 2011Well Fargo, the Bank of Lies
Are you in the process of a loan modification with Wells Fargo? I'd like to share my story and I'll bet many are being treated the same by Wells Fargo(WF).
My partner and I are disabled and living on a fixed income. We had a large investment account that was managed(mismanaged) by WF. We paid our mortgage on time for many years but due to the economic downturn, our stocks dwindled. Realizing this we turned to Wells Fargo to begin the modification process. We submitted all papaerwork asked of us in a timely manner but whenever we asked the status of our modification we were told that paperwork was not complete, they had not received the requested paperwork or that we would have to wait 90 days to receive a response. The outcome was always that our case was rejected After eighteen months of this we hired and attorney. Within two weeks of that we received a loan modification amout to pay. We were to pass a three month trial period in which our payments must be received by WF before the first of the month. We were told that after the second month, we would receive papers finalizing our modification. Three months passed and we were told to keep making payments until told otherwise. Two more months passed, WF requiring updated expense reports, bank statements and an updated hardship letter. We complied with all requests in a timely manner(all communication between us and WF went through our attorney) but were rejected because we didn't file the documennts requested in a timely manner and had too much unsecured debt. Our lawyer kept accurate details of contact with WF so the first reasom to reject us was not valid. The second was also not valid since at WF "suggestion" we declared bankruptcy. We had been told that in order to qualify for a HAMP program, we needed to get rid of our unsecured debt somehow. That seemed like bakruptcy was our only option. When we approach our attorney, we had completed the bankruptcy and all debts were discharged.
We were told by WF that the reduced modification amount we had during our trial period was no longer valid but they had their own modification program. Basically a bait and swich in that our monthly payment was only $150 lower than the original payment and did not include escrow where the original modification did and was much lower. Also they were so kind to tack on all kinds of late fees and fines to the original loan amount. Of course, any payments that we had made during the trial period were not deducted from those amounts. Our attorney suggested that we stop making payments to WF and force mediation. Our mediation date is scheduled for June 24, 2011. I don't have any great expectations given WF history of deceipt. I believe that we will ultimately have to take WF to court to get this resolved.
I would like to urge all others not to just leave your home. Get an attorney and fight. If enough of us little guys fight back we will win. We must win. Remember David and Goliath? Ask your mortgage company to produce the note saying that they own the mortgage. I'll bet they can't since most mortgages are sold and resold.
I also urge that if you're having a difficult time paying your mortgage, under water with your mortgage, stop paying. Send these leaches of society, the banks, a message.
Lastly, I urge anyone that is disabled for any reason and is in the modification process to consider that WF is discriminating agianst them by delaying things in order to wear them down and thus have to do nothing. WF has a long record of discrimination on the books. I believe that WF is certainly capable of discriminating in this case. If you believe as I do, please contact me at [email protected]
Thanks,
Joe |
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You got it! A close friend of mine is being penalized for having a tiny business account.
I know this bank, in Arizona, is speculating inline with Obama, hitting all businesses, running them out of business, and totally discouraging them. Wells Fargo Bank, Arizona is NASTY.
Wells Fargo Bank, Arizona is the only one hanging on and gathering up FULL profiteering the old way. They have NOT adjusted to the economy and WON'T help decent customers, In about five years I will be looking for other sources for a residual owned private home loan, whatever it takes.
The hell with the banks in their hyper-reactive reactions, they thinking of averting the economy we will be in for years to come.I say 2022 until a turn-around just starting. Obama and his banks burn in hell-fire. I have a GOOD chance of NOT needing you before that 2022. Dealing in cash only. |
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