Complaint Review: ASC - America Servicing Comany - Wells Fargo - DES Monies Iowa

So you have stopped making your payments. What is next, complaints because they then place you in forclosure? Come on, I used to live in Florida, notice the USED to. Stop blaming everyone else, make your payments or sell your home and move to a different state. Florida is well known for all kinds of disasters or did you not notice? It is up to you not the the government to take care of YOU.

First, none of the force placements of insurance is unreasonable. Having dealt with a business client in the state of Florida, I can tell you the entire state of Florida is a flood zone - the fact FEMA says it isn't... well, let's just say FEMA would hardly be the most credible source of information. The state of Florida knows it's in a flood zone and it knows better than FEMA. Next, the fact the building is insured for fire is one thing, but the homeowner association's policy would not cover your belongings, nor your mortgage in the case of a fire. It only would insure the condo's ability to be rebuilt, but you would be so out of luck and be responsible for the mortgage on the condo while you were forced to live elsewhere, and pay rent there as well. Is this what you want? You would immediately go broke and then wonder why the condo association won't cover you. The answer is - they won't. Kristina, you're not thinking this through. In the case of a fire or flood, you would be out hundreds of thousands of dollars without the forced-placed insurance. Do not look for presidential candidates to help you - they can barely help themselves. Best of luck to you.

I would suggest you continue to make your monthly payments. Not making payment will do nothing to help your cause. What you need to do is contact customer service and 'escalate' the issue to a lead representative or supervisor. Sure the first person you get on the phone is probably under-trained, making 10 dollars an hour and could care less about your situation. If you feel that is the case, tell them you want to speak to a lead representative. They will get to the bottom of the situation and figure out if the company has made any mistakes and fix them. The reasons lawyers don't take these cases on is normally because its a lot of work and more times than not the mortgage companies are working w/in the laws. A big company like Wells Fargo isn't going to risk its bottom line on trying to rip you off for some insurance. Chances are you didnt fully understand your mortgage/escrow obligations and the charges caught you off guard, prompting you to make rash decisions such as...not paying your mortgage. The only way you'll know whats right and wrong is to get this issue to a more experienced representative. If you've already went this route and they are telling you that you owe the money, chances are you owe the money. Your best bet in regards to keeping your home would be to ask for an escrow shortage spread and workout terms or repayment w/ thier collections department sooner than later.