ED Magedson – Founder
Americas Servicing Company - ASC - Wells Fargo11200 Parkland Ave. Milwaukee, Wisconsin United States of America
I am a real estate broker writing for my client. We have been involved with Wells Fargo / American Servicing Company for over 5 months.
We are involved with the short pay division and the HAFA program. Wells does not review items in a timely matter. We've had to update and update all our documentation over and over again.
My client is sleeping on an air mattress because under the HAFA rules cannot leave the property. Client was planning on moving from California to Florida and conveyed this information since March. It is now July 28th.
We still do not have our short pay approval, even though I have the HAFA approval. Now Wells states the file has to be sent somewhere else for investor approval. All the documentation is expired again.
We have a seller (my client) a buyer who wants to buy the condo and all of our lives have been put on hold because of this. I am being faced personally with eviction because I only get paid when a sale closes.
Short pay programs ARE NOT WORKING.
This report was posted on Ripoff Report on 07/28/2010 10:19 AM and is a permanent record located here: http://www.ripoffreport.com/r/Americas-Servicing-Company-ASC-Wells-Fargo/Milwaukee-Wisconsin-/Americas-Servicing-Company-ASC-Wells-Fargo-Wells-Fargo-5-months-of-HAFA-short-pay-nigh-627082. 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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