robert spencer worst mortgage processor in america san francisco california
My son and his wife were selling there home in Ft Worth Texas, they listed it at $265,000 and had two offers (one at full price) the other at $255,000 within a week. The buyers from another state were working with Wells Fargo mortgage and were approved for $300,000 so everything was lining up until their totally worthless apprasier under measured the home by almost 200 sq ft then used comps from a totally different neighborhood valued the house at $216,000 Amazingly horrible unrealistic value. In order to keep the buyers my son had to lower the price of the home $20,000 because of the apprasier. Then two days before closing Wells Fargo lowered the approval amount to $216,000! My son had already bought another house packed everything up into shipping containers! Fortunately the buyers told Wells Fargo to go to h*** and paid cash for the house.
If Wells Fargo had employeed a efficent appraisier none of this would have happened. As a home seller you are at the mercy of many BAD apprasiers who can ruin otherwise above board home sales. On the bright side three families have sworn never to deal with Wells Fargo in the future for any financial needs.
To Wells Fargo "Karma is a b****!!"