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Wells Fargo Financial Complaint - Where Do You Turn When the Government Wont Help - Loan Modification
Loan Modification - Complaint
LAS VEGAS, NORTH DAKOTA -- To Whom It May Concern:
I feel as though I am sinking. My American Dream is slipping away.
As with millions of Americans, I believed the banks and the people working there.
I have struggled for three years giving the bank (Wells Fargo) every penny to pay my ‘interest only’ Adjustable Rate Mortgage at 8.25% . I did what I was instructed to in order to get my mortgage refinanced at the end of the three years as was advised. I paid my bills on time so my credit would be okay once I was able to refinance. Some things happen beyond my control, like my mother passing without insurance. Taking out a loan to help family members. But, when the time came the economy went bad and so did the option
of getting my home refinanced. Since my home is not worth the loan I am paying on. I waited for the government to bail ‘Me’ out like he did the major corporations after all I pay taxes.
I thought I saw a light at the end of the tunnel when they passed the Making Homes AfFordable Plan, only to be told I’ve done everything right so this won’t help me. It’s only for people that gave up the struggle. Now, on the other hand if I stop trying and give up hope and all I’ve worked to have. Let my credit go, that I’ve been working so hard to maintain. I can get help. When did this become the American Way? Who’s out there to help me, and the people like me? We pay our taxes. I work hard but now the struggle is trying to consume me and I don’t know where to turn.
My ARM is ready for adjustment. I’ve contacted the bank, they’ve denied my Loan Modification. Jennifer put in for a re-finance loan and lied on the app saving my condo is worth 20K more than its value. I actually was applying for a Loan Modification. Who is here to watch over these people do what they want to the consumer?
If the bank I’ve been paying for three years won’t help me then where do I turn for help? I am not asking for a hand out from anyone. I pay my bills. I just need my bills to be more afFordable so that I don’t have to decide whether I eat, live in darkness or have a roof over my head.
I am desperate because If my ARM loan goes up, I will not be able to make my loan payments, car payment, pay bills, or taxes on my home, wasn’t included in the original loan.
They have the nerve to continue to try to get me to apply for other loans and won’t even re-finance me
Thanks Wells Fargo
I feel as though I am sinking. My American Dream is slipping away.
As with millions of Americans, I believed the banks and the people working there.
I have struggled for three years giving the bank (Wells Fargo) every penny to pay my ‘interest only’ Adjustable Rate Mortgage at 8.25% . I did what I was instructed to in order to get my mortgage refinanced at the end of the three years as was advised. I paid my bills on time so my credit would be okay once I was able to refinance. Some things happen beyond my control, like my mother passing without insurance. Taking out a loan to help family members. But, when the time came the economy went bad and so did the option
of getting my home refinanced. Since my home is not worth the loan I am paying on. I waited for the government to bail ‘Me’ out like he did the major corporations after all I pay taxes.
I thought I saw a light at the end of the tunnel when they passed the Making Homes AfFordable Plan, only to be told I’ve done everything right so this won’t help me. It’s only for people that gave up the struggle. Now, on the other hand if I stop trying and give up hope and all I’ve worked to have. Let my credit go, that I’ve been working so hard to maintain. I can get help. When did this become the American Way? Who’s out there to help me, and the people like me? We pay our taxes. I work hard but now the struggle is trying to consume me and I don’t know where to turn.
My ARM is ready for adjustment. I’ve contacted the bank, they’ve denied my Loan Modification. Jennifer put in for a re-finance loan and lied on the app saving my condo is worth 20K more than its value. I actually was applying for a Loan Modification. Who is here to watch over these people do what they want to the consumer?
If the bank I’ve been paying for three years won’t help me then where do I turn for help? I am not asking for a hand out from anyone. I pay my bills. I just need my bills to be more afFordable so that I don’t have to decide whether I eat, live in darkness or have a roof over my head.
I am desperate because If my ARM loan goes up, I will not be able to make my loan payments, car payment, pay bills, or taxes on my home, wasn’t included in the original loan.
They have the nerve to continue to try to get me to apply for other loans and won’t even re-finance me
Thanks Wells Fargo
Comments:
Posted by goduke on 2009-05-29:
Unfortunately, you're right....there's not a lot being given to the folks who have managed their lives and incomes to avoid getting out of trouble. The current tenor seems to be directed to help people who took on more than they could handle, or did't take time to read what they were signing up for, etc. Those who are crunching themselves, and going without, living right on the edge of disaster, in order to keep their bills current, are kind of left flapping in the wind (unless you consider the $10/month in reduced tax).
Good luck. Hope it works out for you.
Good luck. Hope it works out for you.
Posted by KenPopcorn on 2009-05-29:
"I waited for the government to bail ‘Me’ out like he did the major corporations after all I pay taxes."
"I am not asking for a hand out from anyone."
I can't reconcile these two statements.
"I am not asking for a hand out from anyone."
I can't reconcile these two statements.
Posted by Ponie on 2009-05-29:
Hmmmm. I would say 'my ‘interest only’ Adjustable Rate Mortgage at 8.25%.' was mistake #1. Many others, but let's just leave it at that.
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