• Report: #342005

Complaint Review: American Servicing Company-wells Fargo

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  • Submitted: Thu, June 19, 2008
  • Updated: Thu, June 19, 2008

  • Reported By:Louisville Kentucky
American Servicing Company-wells Fargo
mortgageaccountonline.com Nationwide U.S.A.

American Servicing Company-wells Fargo Tricked in to forclosure Nationwide Nationwide

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We were behind 2 payments when I called to see about refinancing our adjustable rate mortgage. It is up from 6.5 to 10.75%. They said they would reveiw the case and do NOT make any payments until they got back to me. I called back twice to confirm that I should wait to make a payment.

They finaly got back to me 4 months later and their Idea of a refinance was to raise my rate again. then have me make two payments one month and then 7 payments all at once. They call it a repayment plan that winds up costing me two extra payments because they lied to me and never intended to refinance my loan in the first place.

I received the judgement and order of sale notice two days ago. I dont have any idea how to avoid a forclosure at this point. I would rather they just came in with a gun and took my house than to lose it this way.

I would be very interested in joining a class action lawsuit.

David
Louisville, Kentucky
U.S.A.

This report was posted on Ripoff Report on 06/19/2008 11:45 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Servicing-Company-wells-Fargo/nationwide/American-Servicing-Company-wells-Fargo-Tricked-in-to-forclosure-Nationwide-Nationwide-342005. 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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