+ Reply to Thread
Results 1 to 6 of 6

  1. #1
    Join Date
    May 2009
    Posts
    4

    Wells Fargo Home Mortgage

    :judges: BEWARE!!!!!! :zx11pissed:

    If you bank with Wells Fargo and have a mortgage through Wells Fargo Home Mortgage, WFHM can go into your WFB personal checking account at ANY TIME THEY WANT WITHOUT PRIOR NOTICE TO YOU and take out whatever they want!

    We had a 2nd Mortgage on an investment home that we let go into forclosure back in December. On May 1st, WFHM went into our personal account and zapped out $1,975 without ANY prior notice. Because of their COMPLETE disregard for our personal checking account, we had 10 overdraft fees of $35 each that were a DIRECT RESULT of thier actions. Not ONLY are we out the $1,975.00, add $350 to that insult!:zx11pissed:

    CA has a "Non Deficiency" State Law that says that when a home goes to Foreclosure auction, the banks get what they get from the Auction Only! They are not allowed to come back after you for any negative equity.

    Wells Fargo Home Mortgage has BROKEN the STATE LAW, caused undue hardship, and worst of all, WELLS FARGO BANK let them!

    I consulted a lawyer on this issue and he said we could spennd $5,000 in lawyer fees to get back the $1975, or we can just CLOSE ALL WELLS FARGO ACCOUNTS and move on with an expensive lesson to SCREAM from the rooftops!

    BEWARE of ANY bank that has both your Mortgage & your checking account as this may be true for other financial institutions as well.:zx11pissed:

  2. #2
    Join Date
    Jul 2006
    Posts
    7,767

    Re: Wells Fargo Home Mortgage

    if they violated the law, your state or federal banking regulators or your attorney general may be able to help you. these are lawyers that you already pay, thru taxes.

  3. #3
    Join Date
    May 2005
    Location
    West of the Pecos
    Posts
    121

    Re: Wells Fargo Home Mortgage

    The other danger you're about to face is what those overdrafts will do to your credit history. You may not be able to get a checking account at another bank.

    Sue on your own - in small claims court and obtain a judgment that includes a requirement for them to correct any reports they have made to chexsystems as well as the four bureaus.

    The Honorable Judge Roy Bean
    http://www.loansharks.blogspot.com

  4. #4
    Join Date
    Jul 2007
    Posts
    558

    Re: Wells Fargo Home Mortgage

    Wells Fargo doesn't have the right to do so "at any time" but they do have the right to do so if your mortgage loan agreement that you signed says they do when you have failed to make a required payment.

    Once your home actually HAS been foreclosed on they can't obtain a deficiency judgment but until then they are free to attempt to collect the lawful debt you refuse to pay.

  5. #5
    Join Date
    Apr 2013
    Location
    Los Angeles, Ca
    Posts
    2

    Re: Wells Fargo Home Mortgage

    No one can deny that Wells Fargo is one of the best companies when it comes to deposits, home mortgage servicing, and debit cards. They get thru with the tough issues these passed years but then again they always stand up for a bigger success. As this, they never failed to impress people. You should see what Wells Fargo is offering. The banking giantís ATM Cash Tracker system scans an ATM customerís previous transaction history and provides the customer with personalized banking options and advertising. Wells Fargo is banking on the sleek new design being a big customer draw.

    Have a review of this internet page.

    :spin2:

  6. #6
    Join Date
    Apr 2010
    Posts
    2

    Re: Wells Fargo Home Mortgage

    That may be good and well, but if you do a quick search on the company, you will still find a LOT of complaints about this institution. Just have a quick scan of the ripoffreport and it will give you a better idea of Wells Fargo and how they do business. I see quite a few people un-happy about them

    Quote Originally Posted by SandraJohn View Post
    No one can deny that Wells Fargo is one of the best companies when it comes to deposits, home mortgage servicing, and debit cards. They get thru with the tough issues these passed years but then again they always stand up for a bigger success. As this, they never failed to impress people. You should see what Wells Fargo is offering. The banking giantís ATM Cash Tracker system scans an ATM customerís previous transaction history and provides the customer with personalized banking options and advertising. Wells Fargo is banking on the sleek new design being a big customer draw.

    Have a review of this internet page.

    :spin2:

Similar Threads

  1. Home Mortgage Negotiator of Mi-LEGIT????
    By Spooky in forum Corporate Scams
    Replies: 6
    Last Post: 01-02-2012, 07:02 PM
  2. Mortgage and Credit Solutions - work at home
    By gk23 in forum Mail Order Scams
    Replies: 14
    Last Post: 07-12-2011, 07:06 AM
  3. Wells Fargo Financial
    By Jeff Murdoch in forum Corporate Scams
    Replies: 3
    Last Post: 02-16-2011, 09:40 PM
  4. Wells Fargo Scam
    By hg3300 in forum Mail Order Scams
    Replies: 1
    Last Post: 02-10-2011, 05:22 AM
  5. Wells Fargo Branch
    By eflteacher in forum Retail Scams
    Replies: 5
    Last Post: 07-08-2009, 03:42 AM

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may edit your posts
  •