ED Magedson – Founder
AMERICAN SERVICING COMPANY-WELLS FARGO BANKP.O. BOX 10388 DES MOINES, Iowa United States of America
I LOST MY JOB AND HAVE BEEN UNEMPLOYED FOR ABOUT 17 MONTHS NOW. I WAS UNABLE TO PAY MY MORTGAGE PAYMENT OF $2100.00DOLLARS A MONTH. I APPLIED FOR A LOAN MODIFICATION WHICH MADE MY PAYMENT AT $1550.00 DOLLARS A MONTH. THIS MODIFICATION LASTED ABOUT A YEAR. THE MODIFICATION WAS REVISE BY THE BANK AFTER A YEAR AND WENT UP TO $1860.00 DOLLARS.STILL UNEMPOYED I DIDN'T HAVE A CHOICE BUT TO GIVE THE HOUSE UP. BUT I FOUND SOMEONE TO PURCHASE MY HOUSE AS A SHORT SALE BY THE BANK. SO THEY DELAYED THE AUCTION AND COUSMER MADE AN OFFER OF $145,000.00 DOLLARS. THE BANK DECLINED AND SAID THAT THEY WOULD TAKE $150,000.00 DOLLARS FOR THE HOUSE AND TO RESUBMIT THAT OFFER. WE HAD TWO DAYS TO RESUBMIT AND UPDATE ALL OF THE DOCUMENTS. BUT IT WAS DONE THAT SAME DAY AND RESUBMITTE THE NEXT DAY. THE BANK AUCTION THE HOUSE AND SOLD IT FOR $152,900 DOLLARS. WITH OUT LETTING OR GIVING THE CONSUMER A CHANCE TO PURCHASE THE HOUSE. I THINK THAT WAS UNFAIR AND SHOULD BE INVESTIGATED. YOU CAN ONLY ASSUME THAT THE BANK SOLD IT TO AN ASSOICATE OF THIERS. PLEASE LET ME KNOW WHAT I CAN DO ABOUT THIS MATTER. I DIDN'T WANT A FORECLOSUER ON MY RECORD.
This report was posted on Ripoff Report on 09/20/2010 04:20 PM and is a permanent record located here: http://www.ripoffreport.com/r/AMERICAN-SERVICING-COMPANY-WELLS-FARGO-BANK/DES-MOINES-Iowa-50306-3806/AMERICAN-SERVICING-COMPANY-WELLS-FARGO-BANK-UNFAIR-REAL-ESTATE-PRACTICES-TOOK-SHORT-SALE-642565. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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