ED Magedson – Founder
America's Servicing Company - Wells Fargo MorgageInternet United States of America
With only 7 years left on a 15 year home loan, i lost my job out of state and notified wells fargo of this, but could not talk to me unless i was in default by 3 months.As 3 months came and went,still no resulution.Since i could not aford homeowners insurance,they elected to invoke a policy for me to the tune of 3 times the yearly cost and elected not to provide any personal property coverage.I have just been told that now i am in forclosure and a sale will be held on 5-26-2010.No one has sent us an eviction notice from either the retained attorneys office or wells.If this is the best wells can do for help,they need to get a dictionary and look up this word to see what it really means.It is a shame that my tax dollars went to help the banks out but the banks do not help the people.What ever happened to "We the People, For the People" I wish to thank our lawmakers and the banks for making the Dream of home ownership a Nightmare.There needs to be some laws that protect the people more.I now feel that I have been abandoned by all involved and as such I now no longer wish to own a home,much less pay proporty taxes based on a home that is not worth half the acessed value and underwater.I wist to warn others about Wells Fargo's lack of help.I now have to cosider walking away,bakrupcy,or bulldozing the home as I have seen more and more fetup,frustrated, people doing that face this same and only option.I have put everything into this home and now i will lose all and not reside here and probibly still owe monies after the foclosure.Life Is Good!
This report was posted on Ripoff Report on 05/01/2010 11:45 AM and is a permanent record located here: http://www.ripoffreport.com/r/Americas-Servicing-Company-Wells-Fargo-Morgage/internet/Americas-Servicing-Company-Wells-Fargo-Morgage-homeowners-insurance-Internet-598967. 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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