Wells Fargo told me not to pay now they want to foreclose
My situation is crazy. Back in August of 2007 I wasn't able to make my house payment on time. By the beginning of September I had the money for my August payment. I was discussing my financial difficulties with the collections person from Wells Fargo who suggested that I apply for a loan modification. He told me that I could skip the September payment that I was behind, and a few more payments to enable me to get caught up on my bills and that my first new Payment would be due on Jan. 1st and that it would be about 35 dollars more than my original payment was. That sounded great to me and we went over some financial information and he told me that I "prequalified". (what a joke). Anyway, he said the process would take 60-90 days. Keep in mind, at the time that I sent in my application the first week of September I only had my August and September payments over due. I used the money that I had for my August payment to put my "down Payment" down on my loan modification application. If I had used that to make my august payment, it would be now the first week in September and I would only be about 10 days late with my September payment which I could have made in the beginning of October, hence, never being more than 40 days past due. I sent in my application as requested and my initial 1900.00 down payment the first week in September (which was my august house payment). I called back in November to see what was going on with my application and was told by a wells fargo employee that my application had been approved and that I would have my first payment due on December 15th. I then used the money I had saved up until that point to pay for fuel oil for the winter for my home. It turns out that the employee didn't know what they were talking about. Keep in mind, they've been telling me weekly for months NOT to make a house payment. It is now January 28th and I have been served with foreclosure papers saying that the sale date of my house is set for March 27th. I still no answer on my modification application and lawyers are contacting me regarding the sale of my home. I am now 6 months late on my mortgage due to the fact that Wells fargo has taken over 5 months to process my application and there is still no end in sight. They tell me now that I can come up with $9788.00 plus attorneys fees to save my home. They put me here. I could have continued to make my house payment 40 days late every month until I was able to catch up with my taxes and all I would have had to put up with was a phone call every month. Now they need me to make up all the house payments and pay attorneys fees (It is unbelievable to me!!!)besides when it is THEIR FAULT that it is taking so long to process this application and they have put me in foreclosure because of it. I literally had my August payment in hand and was only behind 4 days on my September payment when they offered me this option and now they want my house?????
- I am in the middle of a divorce and cannot afford my mortgage payment. - March 7, 2007
- We need Wells Fargo to approve a loan modification - December 21, 2007
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