Report: Wachovia Mortgage - World Savings

Reported By: (Escondido California)

Wachovia Mortgage Formerly Known As World Savings Congratulations Wachovia...$702M loss the first quarter! Hmmm...could it be karma??? Charlotte North Carolina

... Mortgage

1Author 1Consumer 1Employee

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Wachovia Mortgage - World Savings

301 S. College Street, TW22
Charlotte North Carolina 28288
U.S.A.
Phone: 704-383-7865
Web Address:

Category: Mortgage Companies

Submitted: Wednesday, July 02, 2008

Last posting: Sunday, July 13, 2008

After NUMEROUS attempts by me to save my home including attempts from Community Housing Works of San Diego, Fox6 News, Congressman Bob Filner, Senator Barbara Boxer, Comptroller of the Currency and every agency that I could possibly contact, Wachovia Mortgage ("Big" John Robbins (former president of the AMA); Sal Salas (just a cold hearted greedy REO ass); Jim Tyler (same as Sal); Ken Thompson (CEO...oops..former CEO..duh!), Wally Glass (oh sorry...he's just the guy who gets the commissions off the sale of my home) wins!!! Kudos for you! But you remember this...taking my home after promising me a modification and then selling it for over $160k less than I owed instead of working it out with me, the homeowner of over 13 years, will come back to you two times over. Because that's justice! And I would think your loss of over $702M the first quarter would clue you in. But I guess when the left hand is watching the right hand jerk off instead of paying attention to the true matters at "hand" you better be sure that instant satisfaction is well worth it. Because there are more of us than there are of you and there are strength in numbers and thanks to you and your greedy industry partners we shall overcome. It's only a matter of time...enjoy while you can.

Shari
Escondido, California
U.S.A.

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REBUTTALS & REPLIES:

1Author 1Consumer 1Employee

Consumer Suggestion

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your mortgage

Nancy - Steilacoom (U.S.A.)

SUBMITTED: Wednesday, July 02, 2008 POSTED: Thursday, July 03, 2008

So why didn't you just pay your mortgage?

Employee

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Mortgage

Customerserviceguy - Richmond (U.S.A.)

SUBMITTED: Saturday, July 12, 2008 POSTED: Sunday, July 13, 2008

First, I presume you failed to pay your mortgage because of economic hardship. I feel sorry for you if that's the case. But, you can't blame the bank for your failing economic situation.

Secondly, Wachovia is a business. Money was owed on the mortgage. The inability to pay on a secured loan means the bank can come and reclaim the item which the loan was secured by (your home). This was agreed upon when you signed your mortgage.

Thirdly, it was probably a bad idea to publicize everything. Because this situation and Wachovia's subsequent actions were so publicized they were required to go "by-the-book" to avoid subsequent "double standard" requests and lawsuits. Unfortunately, it seems like they went "by-the-book" to maintain uniformity.

I still feel bad for you. Best of luck.