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Report: #586254

Complaint Review: Wells Fargo Bank - Home Mortgage - Fort Mill South Carolina

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  • Reported By: Dyanna — Henderson Nevada United States of America
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  • Wells Fargo Bank - Home Mortgage 3476 Stateview Blvd Fort Mill, South Carolina United States of America

Wells Fargo Bank - Home Mortgage Malicious, thieving, lying, scum-sucking, under-handed, low-life frauds. Fort Mill , South Carolina

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Dyanna, Las Vegas, NV


This is how Wells Fargo Bank (WFB) modifies loans. 03/08, my son-in-law purchased a home. 04/08, WFB purchased his loan. 07/08, four months after the purchase; my daughter lost her job. 08/09, they applied for a modification as home was worth $80,000.00 less than what they paid for it; the large payment is a hardship as his wife still unable to find gainful employment. 10/09, WFB gave them a forbearance for 3 months to determine if they could be given a modification and pay the 3 payments on time. During the 3 month forbearance, WFB told him to pay $1,118.00 per month. They pay all 3 payments on time. At the end of the 3 month forbearance (12/31/09), WFB had not made their determination on the loan, so WFB instructed them to continue to pay the $1,118. until a decision was made. What WFB has determined is a fair and equitable modification to help this young couple keep their home is: add $13,000.00 to the balance of a loan (penalties and interest during the 6 months of reduced note), keep the interest rate at the 6.5/8's it was when they 1st received their loan, RAISE the monthly payment by nearly $100.00 (from $1,612 to $1,708) and this should help this young couple keep their home. Now WFB should be run out of business!!!

This report was posted on Ripoff Report on 03/27/2010 01:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wells-fargo-bank-home-mortgage/fort-mill-south-carolina-29715/wells-fargo-bank-home-mortgage-malicious-thieving-lying-scum-sucking-under-handed-586254. 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

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