Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #469294

Complaint Review: Wells Fargo Mortgage - Las Vegas Nevada

  • Submitted:
  • Updated:
  • Reported By: Las Vegas Nevada
  • Author Confirmed What's this?
  • Why?
  • Wells Fargo Mortgage www.wellsfargo.com Las Vegas, Nevada U.S.A.

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

We're not behind on our mortage...yet. The HAMP program outlined by Obama seemed like the answer to our prayers for the future. Our Vegas home has lost over 50% of it's value since the June '07 purchase. Even after a 20% down we are at least $130,000 upsidedown.

So we filled out all the paperwork for Wells Fargo and sent it off and got denied. They added things to our monthly costs so that we were living with a deficeit they claim. They also would not include my small part time income since only my husband is on the loan. I attended a conference with HUD, Fannie Mae(our lender) etc where the HAMP was explained. Consumer Credit Counseling Service also spoke to us and told us if we were getting the runaround, give them a call. So we met with them, they did our budget and couldn't see why WF denied our MOD. She said they also had to include my income too. So she called them. She was told they made a "msitake" and to re-submitt. And wait another 3 months I guess?

Today we got the biggest slap in the face you can imagine. 3 letters form WF. One telling us to short sale, one for a realtor about short selling and one with instructions for us on doing a short sale!! WHAT?? Are they insane? In 2 years we haven't even had a late payment.

So, WF will be happy to let us short sell which will probably be at about $165,000 on a $274,000 mortgage, but the investor says we can't get a Mod because we have $100 too much in bills a month BEFORE a modification is done???? Can someone please make some sense of this! WF keeps blaming Fannie Mae. Don't we own Fannie Mae??

I called Rep Dina Titus' office. They agreed and said they'd pass it on it her. This was rushed through congress and they don't have teeth in it. Who is making the banks actually comply? They don't care if we all foreclose or short sell, it isn't their money is it???

We all need to start making some noise. It isn't our fault the economy tanked. I was told to take the I/O loan, we could refi in a couple years since the rates had gone up a little in June 07!! I went in asking for a 30 yr fixed and was steered away from it by KH Mortgage, a division of our now bankrupt builder, Kimball Hill Homes. Don't get me started on them.

I haven't heard of anyone getting a modification under the HAMP program yet.

Terie
Las Vegas, Nevada
U.S.A.

This report was posted on Ripoff Report on 07/13/2009 07:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wells-fargo-mortgage/las-vegas-nevada/wells-fargo-mortgage-the-nationwide-scam-known-as-hamp-las-vegas-nevada-469294. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
3Consumer
0Employee/Owner

#3 Consumer Comment

'HANKY-PANKY' ALERT: 'Google' this- LAWMAKER GOT CHOICE COUNTRYWIDE LOANS, and read....

AUTHOR: Karl - (U.S.A.)

POSTED: Friday, August 07, 2009

the CNNMoney.com article that came out today!

You see, NO ONE can be trusted in this country anymore, wouldn't you agree?

'Google' this- REP EDOLPHUS TOWNS, and look at who he is!!!

WELCOME TO AMERICA- ONE BIG FAT LIE!

Respond to this report!
What's this?

#2 Consumer Comment

Terie, The first thing you should do is....

AUTHOR: Karl - (U.S.A.)

POSTED: Tuesday, August 04, 2009

contact the bank that has your MORTGAGE and get copies of ALL the documents that they received, & have, regarding your MORTGAGE!

Get the CREDIT APPLICATION, and ALL the other papers that were sent in by the ones who helped you to get your MORTGAGE. There is a chance that some, most, or even ALL of the information on the paperwork submitted to the bank, for your mortgage, was FALSIFIED. There's also a possibility that FORGERY could have taken place!

If that's the case, then you COULD get out of your mortgage, wouldn't you agree?

If they were doing it in the car business, then isn't it possible that they were doing it in the MORTGAGE BUSINESS?

'Google' this- AUTO DEALER LOUIS F HARRELSON TO PLEAD GUILTY, and read it!

Then 'Google' this- RIP OFF REPORT TOYOTA MOTOR CORPORATION USA MANIPULATION, and read the 5-3-2008 'Update'. Look at what was stated in that 'Update', and look what was stated in the Louis F. Harrelson article!

WHAT A COINCIDENCE, huh?

Remember, if YOUR loan documents were altered by someone in the processing of your mortgage, then YOU can sue for DAMAGES, right?

Make the call- get ALL the copies from the bank that holds the mortgage to your home loan NOW!

If any 'hanky-panky' took place in regards to the loan documents for your mortgage, then YOU have a way OUT, correct?

GOOD LUCK!

Respond to this report!
What's this?

#1 Consumer Comment

Terie, The U.S. government no longer cares about the American PEOPLE! It is a government being controlled by...

AUTHOR: Karl - (U.S.A.)

POSTED: Tuesday, August 04, 2009

Wall Street, the BANKERS, & their 'master'- The Federal Reserve. (in my opinion).

When Wall Street & the BANKING SECTOR needed help, the government was there to give them the $700 BILLION 'TARP', correct? But when the American PEOPLE need help, all they seem to get are broken promises, & programs that don't really do what they're intended to do, right?

You & MILLIONS of others are basically being put through a maze, like RATS, & nothing is really benefitting the PEOPLE of this country, wouldn't you agree?

The BANKERS started this 'MESS', but the American PEOPLE came to their rescue, didn't they? The $700 BILLION in 'TARP' is TAXPAYER'S money, isn't it?

But that money went back into the banks, & into AIG, GM, Chrysler, Fannie Mae, & Freddie Mac, correct?

The executives continue making MILLIONS, even TENS of MILLIONS of dollars in compensation, don't they? And WHO really suffers?

The PEOPLE of America, right?

You need to 'Google' all of the following and watch them on the web immediately-

THE OBAMA DECEPTION

INSIDE THE MELTDOWN

BREAKING THE BANK PBS

THE ASCENT OF MONEY PBS

AMERICA: FREEDOM TO FASCISM

*It can no longer be denied! The USA is a country being controlled by the BANKING CARTEL, & the BANKERS 'screwed-up', and they want, & GOT most of their money back from the 'SCHEME' that they concocted in the first place, wouldn't you NOW agree?

But many of these BANKERS, & other Wall Street executives made MILLIONS upon MILLIONS of dollars in STOCK OPTIONS while the 'scheme' took place in 2004, 2005, 2006, & 2007, didn't they?

The BANKERS 'manipulated' Congress to give them MORE MONEY, and our wonderful government 'leaders' did what their BOSSES told them to do, didn't they?

My suggestion is to START OVER, & get OUT of a mortgage on a house that you say you're $130,000 UPSIDE DOWN!

Home prices will most likely continue to decline in America, especially in the sun-belt, for another 2 to 3 years, & possibly more!

Without massive JOB CREATION in the USA, this country is DOOMED. The jobs are going away and it's only a matter of time until the next wave of FORECLOSURES hits the U.S.

Believe it or not, you'll feel much better once you GET OUT of that mortgage, & start all over again with the knowledge you now have. A house is NOT, and will NEVER be an 'investment'. It's simply a place to live! Find a place to live that's affordable & you'll be fine.

GOOD LUCK TO YOU & YOUR FAMILY.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now