World Savings

by Anonymous From Modesto, CA on September 05, 2008

by adam denkeli From Herndon, VA on August 12, 2008

Bought by Wachovia Bank. They did not want to talk to me because they say it is a new loan neg. arm. I could have saved my home if they would work with me when the crises started. instead, there low key staff kept turning me to another low key unprofessional staff.... could not get to a responsible mid mgmt level to explain my situation.

by Jay From Naples, FL on July 12, 2008

by Anonymous From Mather, CA on March 11, 2008

by Anonymous From Yuba City, CA on February 15, 2008

When you call for options they don't give all of them to you. You call World and they have theirs and Wachovia has theirs but neither give the others. Also their interest rates are way above what they are at this point in time. Have a prepay and it seems there is no way to get out of it---I am so sick of dealing with them I am about ready to pay the penalty and the hell with it!!!!

by Shari From Escondido, CA on December 10, 2007

They absolutely do lie. I asked for a modification in August and was told that my employer never returned their call which she did. I was then told to resubmit documents and they would let me know in about 30 days. I was also told not to submit any payments. I wrote letters asking for the modification status and also called. Two days before the foreclosure they called me and told me I did not qualify and now claiming that I did not adhere to the August modification (that they never even approved!) Same thing with my car loan. I paid them two payments one week apart and then found out later that they filed a lawsuit against me. I tried to work with them for many months and they have done nothing but screw me over. I even have over $250K equity in my home. Maybe that is their goal...to screw people out of their home out of greed!

by Nicole From Saint Paul, MN on September 21, 2007

I have asked in writing for my pay off amount so I may go with another Bank and they will not provide it. They come up with all types of excuses and just give the run around.

by Anonymous From Oakland, CA on September 03, 2007

Unfortunately, I have a 1st and a 12-mo old 2nd on my Bay Area residence (of 8 years) (12 months ago was when Wachovia was positioning to buy out World/I refinanced with World because of needed $ for urgent medicals/dentistry and cost of living in the Bay Area - and they reamed me with costs galore). ****My rate just changed because the "index" is no longer available - Wachovia now has their own; therefore null and voiding World's - the products index that I contracted for is gone. Poof. World's index was not a true market index/it was their financing terms. Deceptive lending. Also, I have a whopping Balloon $ payoff. Additionally, the 2nd was intentionally put in the delinquent list from the first month - World/Wachovia did not process auto loan payment authorization form. Neglected to process another Auto Loan Payment form that I then submitted directly at World Branch on 1st SF earlier this year; 1st SF later said they couldn't read the form! I have exact customer carbon yellow copy and the copy is exceptionally clear! Therefore, World has been racking monthly late fees; and won't accept payment to make up for first purported late payment - as they apply payments to any part of the loan they choose via phone payments. Agents lie on the phone. Agents in branches have no authority other than to take money. Agents authorizing branches agents deceive branch agents - who in turn tell me lies. It is NOT the World Savings that it once was a decade ago. They need their tales/tails investigated. Frauds. They also had their appraisers boost home values out of the hemisphere. I should be paying fair value for my home - based on the tax assessor's appraisal, ,wherein World should refi now at no cost to me; so they don't further damage the economy in this subprime lending mess. Thank you for asking for comments. Bush should intervene now and make these shysters suck up their greed and reduce mortgage loans to the value of the tax assessor's appraisals.

by Anonymous From Williamstown, NJ on August 22, 2007

World Savings flipped my loan to higher rate and lied about it!