- Report: #420750
Report - Rebuttal - Arbitrate
Complaint Review: American Servicing Company , Wells Fargo
American Servicing Company , Wells FargoPo Box 60768 Los Angeles, California U.S.A.
American Servicing Company, Wells Fargo Preditory Lending Actions Los Angeles California
*Consumer Comment: Who caused your problems? Where is the negligence?
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They provided false APR information. I was told that I would have a 7.5% and got stuck with a 9.87% rate. Also I was suppose to be in a FRM and was put into an ARM. Fraudulently showing one interest rate on initial proposal and installing a higher one on the actual mortgage note. Was not shown the change at closing just told to initial everything.
Mortgage Broker informed at signing not to worry about anything that we would be refinanced in 12-18 months. Completely untrue. Your ability to refinance is completely up to the lender not the broker.
I am looking for anyone with proof of negligence to join us and bring this to a class action level. I feel that it is time to take a stand against the practices of this company and its parent company.
cathedral city, California
This report was posted on Ripoff Report on 02/05/2009 04:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/American-Servicing-Company-Wells-Fargo/Los-Angeles-California-90060/American-Servicing-Company-Wells-Fargo-Preditory-Lending-Actions-Los-Angeles-California-420750. 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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