- Report: #1062006
Report - Rebuttal - Arbitrate
Complaint Review: Wells Fargo Bank
Wells Fargo Bank101 Federal Street Suite Suite 2010 Boston, Massachusetts USA
Wells Fargo Bank Weels Fargo is ripping off elderly customers with reverse mortgages Boston Massachusetts
*Author of original report: You got that right
*Consumer Comment: You Can't Trust ANY of these Massive Financial Institutions.. They are motivated by GREED
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My inlaws made the mistake of dealing with Wells Fargo for a reverse mortgage. They were totally ripped off by their deceptive practices. The equity in the hoouse is now gone, and they moved out 2 years ago.
Since Wells Fargo is getting payment from HUD every month, they have kept delaying the foreclosure. They have told us that they cannot find the title or deed which I located in about 2 minutes at the registry of deeds. They have been sending harrassing letters to us for over a year and we cannot get anywhere with them.
Because of this, my inlaws have been denied Medicare since they still "own" the house that they have not occupied in two years.
This report was posted on Ripoff Report on 06/25/2013 01:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo-Bank/Boston-Massachusetts-02110/Wells-Fargo-Bank-Weels-Fargo-is-ripping-off-elderly-customers-with-reverse-mortgages-Bos-1062006. 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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