Wells Fargo

Wells Fargo World Savings/Wachovia Fraud, Preditory Lending, Pick A Pay ripoff San Francisco, California

20th of Sep, 2011 by User760131

In 1992 I was approached by an agent for World Savings Bank with a proposal to have my mortgae rate reduced to 2.5% for 30 years but I must take cashout for this program. It was a pick a pay program that all I had to do was pay the minimum monthly payment. My wife was the only person on the mortgage and was told that my credit scores were higher and that they will take her off and add me, without any documents. After a a whileI noticed that the principal was going up, so I called them and asked why? I was told that was the program I signed for. I told the that was not my agreement and I want a fixed rate. They told me that it would cost between 9,000 and 10,000 in prepayment penalties. But I can take cashout and remain in said program with no prepay penalties. This has cost us alot of stress and suicidal thoughts. I paid my mortgage on time for over 15 years at interest only. My principal never went down. I recently had my income drop over 50% and went late on the mortgage. They refused me a modification. I am a Disabled American Veterans lfetime member. I have been trying to sue World Savings/Wachovia/Wells Fargo but I cannot afford to pay a lawyer. The lawyers I contacted on a contingency basis said I have a great case and they will take it on, only to call me back and say someone in their lawfirm has them for clients and it would be a conflict of interest. But said to keep trying. I am looking to sue them foe 5,000,000 for all I`ve been put through. I have no money for a lawyer and hope someone reads this and can help us.

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