In June 2006 I found myself refinancing due to immature ex hubby leaving without any notice. CFIC Home Mortgage (later I find out that company is the trademark & doing business as for Challenge Financial Investors and I was double charged by origination fee and again for everything included as origination fee from CFIC to Challenge), CFIC told me what the appraisal of my home came in at ($170,000), I totally disagreed (paralegal here) and had my own appraisal done which came in at $165,000, more like it I was happy. Well Challenge Financial still used their own appraisal on my application; however, I obtained Title Insurance with my figures (fishy of them huh).
OK jump forward to 2011........with all the hoopla going on with fraud from servicers and appraisals I emailed Wells Fargo from their own website after signing in to my account and asked for a copy of the appraisal of CFIC obtained. [continued below]....
..... A week later I got a US POSTAL service mailing from Wells Fargo, didn't get the CFIC appraisal, they sent me mine. Now stupid them, they also sent me a one page appraisal they obtained from First American. Wells Fargo appraisal had so much information on the comparables missing but the appraisal they obtained came in at $186,000 - $202,000. Three appraisals for a 952 sf Bungalow
CFIC's first appraisal $170,000
My Appraisal $165,000
Wells Fargo Appraisal $186,000 - $202,000
SEE HOW FRAUD WORKS NOW?!
It gets better.......knowing that I can find information on homes threw the City of Meriden CT Tax Accessors website I research all the comparables First American used for Wells Fargo. Now I repeat, I own a 952 sf Bungalow. The comparables were for homes twice the square footage of my home and one comparable was actually a 2 family showing 1798 sf.....846 more square footage than my cute adorable bungalow home.
If anyone out there wants my evidence just let me know.....you can have it and bring Wells Fargo to their knees. FYI....my New Year Resolution was not to pay my mortgage and counterclaim for fraud and Quiet Title when Wells Fargo decides to foreclose on me. Its almost 5 months now and still no State Marshall at my door to service me papers. Maybe its because through internet searches on foreclosure issues I have found what questions to ask and/or what documents to request..............and I asked that they not telephone me (relentless everyday 10 times a day collection calls), I want everything in writing from Wells Fargo hee heeee got them good!