- Report: #427204
Complaint Review: WELLS FARGO BANK AND WHILESHIRE MORTGAGE IN LAS VEGAS NEVADA - LAS VEGAS Nevada
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WELLS FARGO BANK AND WHILESHIRE MORTGAGE IN LAS VEGAS NEVADA
18 BIG CREEK LAS VEGAS, 89148 Nevada, U.S.A.
Phone:
702-8739441
Web:
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WELLS FARGO BANK AND WHILESHIRE MORTGAGE IN LAS VEGAS NEVADA PREDATORY LENDING, SUB PRIME LOANS, FORECLOSURES INSTEAD OF MODIFICATION OF ANY KIND LAS VEGAS Nevada
My husband and I purchased our home in 2005 and Lime Financial told us that this Non stated income was the easiest and best loan out there. We fell for it! They assured us that we could refinance easily within 2 years. That was not true. They want our interest rate to go up and it did. We had no problem paying our loan for 2 years and then the bottom fell out to say the least. We tried everything.
My husband called them 3 to 4 times a week and was promised everything. "Oh, we'll do that, we can lower you interest rate and re-work your loan". We waited from August of 2007 until just after the New Year and continued calling, being told our new loan was on it's way to us. We let them know we hadn't made a house payment because of waiting on them. They continued to say it wasn't a problem. This went on several more months until they finally told my husband that the gentlemen (Jason) no longer worked in that department and our paperwork mysteriously disappeared so we needed to fill out the paper work again and again.
We then find out that LIME FINANCIAL IS IN BANKRUPTCY! We now had to start all over with the new Servicer who was WHILESHIRE FINANCE. The nightmare started all over again with the same song and dance and the continuous delays. So now we haven't made a house payment since August of 2007 and it's now the end of February of 2009!!! So now their having a fit with LAWSUITS GALORE!! We're filing a lawsuit against them! The Attorney for Wells Fargo Bank told us that he would just get it thrown out! We are still suing to keep our home and to try to get a loan modification for the FAIR MARKET VALUE AT A MUCH LOWER INTEREST RATE.
If we don't win then we lose our home. These banks did this, they allowed this type of lending so that they could make Billions off of familys across the U.S. and now they want a BAILOUT AND THEY WANT TO BE ABLE TO FORECLOSE IN ORDER TO RESALE THESE HOMES TO MAKE MORE MONEY!!! This has got to stop!!! This can't be legal. This has to be illegal lending practices!!! There's no way this can be legal. This is predatory lending!!! They are making BILLIONS OFF OF THIS SCAM. We will fight them as long as we can to keep our home. We've worked for 40 years and can make our house payments if WELLS FARGO BANK is not allowed to rip off the American Family.
Jennie
Las Vegas, Nevada
U.S.A.
My husband called them 3 to 4 times a week and was promised everything. "Oh, we'll do that, we can lower you interest rate and re-work your loan". We waited from August of 2007 until just after the New Year and continued calling, being told our new loan was on it's way to us. We let them know we hadn't made a house payment because of waiting on them. They continued to say it wasn't a problem. This went on several more months until they finally told my husband that the gentlemen (Jason) no longer worked in that department and our paperwork mysteriously disappeared so we needed to fill out the paper work again and again.
We then find out that LIME FINANCIAL IS IN BANKRUPTCY! We now had to start all over with the new Servicer who was WHILESHIRE FINANCE. The nightmare started all over again with the same song and dance and the continuous delays. So now we haven't made a house payment since August of 2007 and it's now the end of February of 2009!!! So now their having a fit with LAWSUITS GALORE!! We're filing a lawsuit against them! The Attorney for Wells Fargo Bank told us that he would just get it thrown out! We are still suing to keep our home and to try to get a loan modification for the FAIR MARKET VALUE AT A MUCH LOWER INTEREST RATE.
If we don't win then we lose our home. These banks did this, they allowed this type of lending so that they could make Billions off of familys across the U.S. and now they want a BAILOUT AND THEY WANT TO BE ABLE TO FORECLOSE IN ORDER TO RESALE THESE HOMES TO MAKE MORE MONEY!!! This has got to stop!!! This can't be legal. This has to be illegal lending practices!!! There's no way this can be legal. This is predatory lending!!! They are making BILLIONS OFF OF THIS SCAM. We will fight them as long as we can to keep our home. We've worked for 40 years and can make our house payments if WELLS FARGO BANK is not allowed to rip off the American Family.
Jennie
Las Vegas, Nevada
U.S.A.
2 Updates & Rebuttals
J G Shrugged
Austin,Texas,
U.S.A.
Can you sell your home and pay off the loan?
#2Consumer Suggestion
Mon, February 23, 2009
If not, I'm not sure where you think that they intentionally wanted you to get a loan so they could foreclose and make money. They're losing money. The real "crime" occured from the people who made money upfront when you signed on the loan. The current problems are mostly because the servicer usually never actually owns the loan, but rather the loan is owned as part of a securitized investment, so there is no one "person" who can agree to a change in the terms of the loan. They agreed to loan money because they could make more money in the future. It's the same as going to work for 2 years and then your boss stating that you have to accept less money now because you agreed to work at market rates...would you like that? Contact the FHA and see what they know about the new govt loan system.
J G Shrugged
Austin,Texas,
U.S.A.
Can you sell your home and pay off the loan?
#3Consumer Suggestion
Mon, February 23, 2009
If not, I'm not sure where you think that they intentionally wanted you to get a loan so they could foreclose and make money. They're losing money. The real "crime" occured from the people who made money upfront when you signed on the loan. The current problems are mostly because the servicer usually never actually owns the loan, but rather the loan is owned as part of a securitized investment, so there is no one "person" who can agree to a change in the terms of the loan. They agreed to loan money because they could make more money in the future. It's the same as going to work for 2 years and then your boss stating that you have to accept less money now because you agreed to work at market rates...would you like that? Contact the FHA and see what they know about the new govt loan system.
