Wells Fargo Bank NA ASC (America's Servicing Co) Wells Fargo Home Mortgage I HAVE PROOF OF INFLATED APPRAISALS BY WELLS FARGO, Internet
In June 2006 I found myself refinancing due to immature ex hubby leaving without any notice. CFIC Home Mortgage (later I find out that company is the trademark & doing business as for Challenge Financial Investors and I was double charged by origination fee and again for everything included as origination fee from CFIC to Challenge), CFIC told me what the appraisal of my home came in at ($170,000), I totally disagreed (paralegal here) and had my own appraisal done which came in at $165,000, more like it I was happy. Well Challenge Financial still used their own appraisal on my application; however, I obtained Title Insurance with my figures (fishy of them huh).
OK jump forward to 2011........with all the hoopla going on with fraud from servicers and appraisals I emailed Wells Fargo from their own website after signing in to my account and asked for a copy of the appraisal of CFIC obtained. A week later I got a US POSTAL service mailing from Wells Fargo, didn't get the CFIC appraisal, they sent me mine. Now stupid them, they also sent me a one page appraisal they obtained from First American. Wells Fargo appraisal had so much information on the comparables missing but the appraisal they obtained came in at $186,000 - $202,000. Three appraisals for a 952 sf Bungalow
CFIC's first appraisal $170,000
My Appraisal $165,000
Wells Fargo Appraisal $186,000 - $202,000
SEE HOW FRAUD WORKS NOW?!
It gets better.......knowing that I can find information on homes threw the City of Meriden CT Tax Accessors website I research all the comparables First American used for Wells Fargo. Now I repeat, I own a 952 sf Bungalow. The comparables were for homes twice the square footage of my home and one comparable was actually a 2 family showing 1798 sf.....846 more square footage than my cute adorable bungalow home.
If anyone out there wants my evidence just let me know.....you can have it and bring Wells Fargo to their knees. FYI....my New Year Resolution was not to pay my mortgage and counterclaim for fraud and Quiet Title when Wells Fargo decides to foreclose on me. Its almost 5 months now and still no State Marshall at my door to service me papers. Maybe its because through internet searches on foreclosure issues I have found what questions to ask and/or what documents to request..............and I asked that they not telephone me (relentless everyday 10 times a day collection calls), I want everything in writing from Wells Fargo hee heeee got them good!
5 Updates & Rebuttals
mr rik
miami,Florida,
USA
WELLS FARGO AT LEAST 1661 REPORTS FOUND TODAY!
#6Consumer Comment
Wed, April 27, 2011
AND COUNTING!
Susan
This City,Illinois,
USA
Whatever
#6Consumer Comment
Wed, April 27, 2011
CFIC's first appraisal $170,000
My Appraisal $165,000
Wells Fargo Appraisal $186,000 - $202,000
What is your point? Your CFIC appraisal was 2006. The place increased in value.
My guess is you want the lowest appraisal possible because your ex is now wanting his cut of the place.
I don't see any other reason to be mad about an appraisal going UP after 5 years.
Robert
Irvine,California,
U.S.A.
You would be a good politician
#6Consumer Comment
Wed, April 27, 2011
You have written two posts and said nothing. It's very common for people to "enhance" their experience and knowlege because they think it will make them look more informed. When quite often it just makes them look more uninformed.
Your original post you inferred that since you were a "paralegal" you knew how to appraise houses, and because you were a paralegal you knew the appraisal they gave you was wrong. We come to find out that you are not a licensed home appraiser, and it appears you have taken no legal courses at all.
We don't even know if they actually used that higher appraisal for anything because you didn't answer any of the questions asked.
I did re-read the original report and realize this is a refi and not a purchase. So exactly what is the "fraud" you are claiming. How much was the amount of the new loan. Did that increase your balance owed, and if it did how much equity did you actually take out. Again these answers would bring a much clearer picture as to what you are claiming.
SuchBadBusinessPractices
Connecticut,United States of America
OKayyyyy
#6Author of original report
Wed, April 27, 2011
I did my research as a woman knowledgable in how to do legal research. If you go to www.findlaw.com if you or anyone was attempting to find a lawyer, you will or should know that all Law Offices do not practice in every aspect of law...meaning the Law Offices I worked for were not real estate practices. I never mentioned I went to school for my profession .... I worked my way up to a "title" of paralegal by having hands on knowledge always being the type to ask questions, take notes, etc. I started as a receptionist in one office, transcriptionist in another law office (this is where I was educated on various documents of law), then as a file clerk, then as a legal secretary, then given the "TITLE" of Paralegal by attorneys I worked for. All employers KNEW (because I honestly alerted them) I had no legal schooling, I educated myself through "steps up the ladder" within each position held.
Since you found the need to rebut my original post, please, share your research and knowledge of my life and I will happily provide you with internet (government sites, public knowledge documents) of alot of evidence I found through my timeless research. Unless you have done your research on me and my situation, please rethink rebutting to posts you obviously know nothing about, stick to social sites and chatrooms to bring on the drama. Thank you THE END
Robert
Irvine,California,
U.S.A.
If you read what you wrote you would realize how funny it is
#6Consumer Comment
Tue, April 26, 2011
First of all having your immature hubby(wouldn't that be an ex?) leave without notice has nothing to do with your home loan.
Throughout this entire report you did not mention once what the purchase price of the loan was, how much you put down, and how much was the actual loan for. All of that would paint a much clearer picture of what is going on here.
CFIC told me what the appraisal of my home came in at ($170,000), I totally disagreed (paralegal here)
- Is home apprasial a required or elective course when you are learning to become a paralegal? Seriously even IF your apprisal was correct you are talking a difference of $5,000 or about 3%. Hardly what one would consider fraud.
CFIC's first appraisal $170,000
My Appraisal $165,000
Wells Fargo Appraisal $186,000 - $202,000
SEE HOW FRAUD WORKS NOW?!
- No sorry still don't see what you are trying to say. It appears that up until recently you thought your home appraised at $165,000, so your loan would have been based on that. If they used the higher home value in your loan, one would think that as a paralegal you would have at least questioned why if your home appraised at $165,000 were you getting a loan for $186,000 to $202,000. Now if the Wells Fargo appraisal was not part of the original "loan package", then obviously they felt the same way you did..that it was too high.
I want everything in writing from Wells Fargo hee heeee got them good!
- I wonder who was really the immature one in your relationship....