Americas Servicing Co - Wells Fargo Mortgage How I lost my Home due poor service and my unhelpful reps at Servicer and Bank ripoff Des Moines Iowa

The larger your financial safety margin, the better off you will be. Most recommendations about 'how much house you can afford' are wildly optimistic- and financially dangerous to you.

Understand that if you rely on two incomes to keep your head above [financial] water, you will be statistically more likely to have a problem than if you were relying on only one income. It is far better to live on the larger income and save the smaller income for 'rainy days'.

I would suggest that the next time you obtain a mortgage, get it from a local bank that DOES NOT sell its mortgages off to other financial institutions and/or investors. You can ask a bank what % of the mortgages they write that they then keep. Look for a mortgage retention rate better than 99%, which is a bank's way of saying that they do not sell their mortgages.

I am glad Gloria had a good experience. But John sorry you think it is made up but its not. I have so much stress from this and have worked
more on my end then Bank to do what was need to try to save house. But as of today my Auction was stopped. So got another 30 days..
I find out another realtor been working all week that took over trying to sell my home and he got hold of bank yesterday afternoon to put auction on hold and like us do best try to ger more offers.

I just wish would have known this Yesterday due that was date of Auction. Thought thats it House not mean no more.

I work in customer service I feel I treat my customers with respect. Since now they have all paperwork just all hassle to keep calling and
calling. I sent all I could in that was needed. But now have to get more offers on home because potential buyers cant get financing to buy house. I still don't trust the reps over at Wells Fargo.

They misplaced paperwork then by some miracle found out they had it. That is not good. I sent in my financials and now we are both
(husband and I) making better money but are told too late to refinance. I just thought could have worked with me better so could have been able to keep my home. Thats all I am saying.

Just see that some have been in same situation. Have talked to people in person that have know someone that been mishandled by diff mortgage companies and Wells Fargo also. This is real for me and my husband. We both are hard working people etc.

Lets all thank Gloria
I'm sure she isn't some company shill. and that the well over 200 complaints concerning Wells Fargo here at ripoff report are bullshit.

Don't bother, Wells Fargo is well represented here.

jonnyx

We have several Wells Fargo accounts now for 10 years. Our home mortgage, business account, personal account, our son's car loan and a business credit card with them. We have not had 1 problem with them.

1.) We pay all of our bills online and keep records.
2.) We pay several weeks before the due date online including our mortgage.
3.) Have direct deposits into our accounts.
4.) We have never been late on a payment. Thus no late fees.
5.) We always pay more than the amount due.
6.) Haven't had any NSF's.

We plan to get a Home Equity Loan with them so we can put some new flooring into our home.

To us Wells Fargo has been great! I am so sorry that you have had all these problems.

Anyone with credit cards I would suggest paying them online and keeping a record of your transaction number with date and amount paid. It is difficult to refute that you made your payment on time and they won't hold your checks to force you to pay late fees like other companies have done. Never pay just the amount due. Pay a little more if you can.

When we bought our house they told us we could afford a home that was about $200K more than the one we ended up buying. We knew we would be stretching it. No one can force you to buy a house beyond your means. You just have to say NO! We are thankful we stood by our decision and bought one $200K less with 2000 sq. ft. It made life so much more easier for us.

We lost our first house in the early 90's from mismanagement (Not Wells Fargo but Ocwen) so we know how you feel. My husband was let go of work from a major aerospace company after 17 years due to massive lay-offs. There was no way to catch up so we let the house go. Once you get burned you protect yourself.

I wish you well!

GSmith
Tuscon, AZ