Complaint Review: Wells Fargo Bank N.A. Sucessor By Merger To Wells Fargo Home Mortgage. INC.F/K/A Norwest Mortgage I - Des Moines Iowa

You probably already know this, but Stern's office is one of the largest foreclosure attorneys in Florida and definitely the largest in South Florida. Their letterhead has about 25 attorneys listed, but if you have an issue, you always deal with a clerk or paralegal, not the licensed attorney who can legally explain your options. One other note. You mentioned a "Quick Claim" deed. I'm sure you meant a Quit Claim Deed from the ex wife. As I learned the hard way many years ago, all the ex-wife did was give up her rights to the property. She is still on the original mortgage and note. No lender is going to release her from the obligation until the note is refinanced. Since she filed BR, that triggered a review of the entire file by the lender. Since she probably didn't include the mortgage note in her BR, they will not release her because if your boyfriend defaults, they can attempt to recover from her as a signer of the note. It's not an easy process and it sounds like the origination of the problem was caused by the ex-wife. Keep working on it. When you deal with the underlings at Stearn's office, be firm with them. Make them explain everything and document everything before making any kind of commitment or taking any kind of offer. And keep trying to refi out of this mess. Eventually, you will find a lender who will work with you. Good Luck.

It is quite apparent that you like many others believe all you see and here! Have someone who is going though a foreclosure with W. F or anyother for that matter, and add up how much goes to "mortgage mantenence, property inspections, statutory fees, and miscellenous fees". (by the way get out your mortgage contract and look up inspections and appraisals, in most it is the lender who is responciable for those fees and they must contact you before appraising or inspecting the house)For those of you who are going through this get a payment history from your lender not the attorney. If you have trouble just wait a few days and call again and request it. Some of the reps are just there to give you the run around. Yes they are paid to do so. What you will find is W.F, EMC and many others are negoiating with you for the forebearence agreement at the same time that they are filing default. This way they get more money. They all work together, they tell the attorney that you are working out payment reinstatment, and then they set up your repayment dates just after, in most cases two or three days their attorney has filed something. As for them not wanting your house or not making any money, that is no longer true. Thanks to our current administration, these large companys are now branching into business' that coinside with eachother. Wells Fargo, has its own real estate company. Any lights going on? Check it out just to make sure. Now for those of you who really understand how things work, you know that none of these mortgage companys really put out any money for your home. The only money ever paid on the home is the payments you send in. So now tell me that they make no money on forclosures. On top of that they are using your credit to get more for them! We all need to open our eyes and stop letting these kind of people destroy us!Start learning all you can on the law for your state you can get it all off the computer. Learn how to fight them on their terms, do not let them win.

Sean you said there were only 37 bad reorts thats not exactly true if you just type wells fargo there are hundreds. maybe thousands im still working through them all on this site and hundreds other. wise up wells has gotten to big with under trained staff and have really messed up peoples lives with their creative bookkeeping.

With Wells creative accounting it leaves everyone getting further behind than they started . I've paid them my four payments missed and then some . I'm talking about more than 8000.00 they can't tell me where it is and they say I still owe. Wow you can TRY to take up for your employer but sooner or later the house of cards WILL FALL> It is unethical to ake homes away from families that are trying to give you money and when you do take the money it doesn't ever go to the account. Better yet knowing about it and doing nothing. Because there are bad reports everywhere on Wells .Same stories over and over.

As an FYI, to anyone reading this, banks lose money when they foreclose on a property. They pay legal fees to execute the foreclosure, they sometimes have to pay these lawyers to go to court to litigate the matter, they rarely get what is owed for the property, and the property is generally left in terrible shape. I have seen cement in the toilets, copper ripped out, graffiti, etc... Furthermore, the value of a lender's "paper" on the secondary market is in many ways dictated by its delinquency rate. Obviously, a foreclosure would impact that rate of delinquency in a neagtive manner. This, most-definitely, affects the bottom line. Another little-known fact: your lender is not under any obligation to send you a bill. It is understood when you sign your note that there are 360 payments due, each payment made on the first of the month. A bill is a courtesy extended by the lender (and a good general business practice to help ensure timely payment). When someone tells me they didn't pay their mortgage because their bill never showed up, I have to ask, "If you never receive a bill, do you think you don't owe a payment? What if they get lost by the USPS?" A couple of notes: Wells is one of the 3 largest lenders/servicers of mortgages in the country. I see 15 reports here. Some other lenders have hundreds, yet are a fraction of the size. Also, Wells Fargo is the only AAA credit rated bank in the country...this has much to do with its lending practices and overall rate of default. Finally, Barrons just rated Wells Fargo as the most-respected financial institution in the world. Yes- in the world. In closing, I have read a few of these reports and there seems to be a common theme of people getting way behind on payments. Why is this the bank's fault? Once a mortgage enters foreclosure proceedings, the lender will never, NEVER, accept partial payments if a forebearance agreement hasn't been previously worked out. I can guarantee that there were multiple collection attempts made to collect your arrearages (remember- foreclosures are ALWAYS a loser for a lender, almost without exception). Whether you returned the calls before it became too late is another story...

BEWARE!!!! This company, and many others are using illegal methods to take our home along with the help and blessing of the courts! Now after all that we have had to pay and go through we were forced to file bk 13 to save our house. These people are using attorney David J Stern just like our second mortgage company is. Is that legal, NO! It is called conflict of intrest for them to represent BOTH of the mortgage companys. This attornys office has told new lenders that we are in foreclouse with our 2nd mortgage as well, WRONG!!! BEWARE it appears that many of the reports on this site show many of the same names of trustee and judges as well as attorneys, CHECK IT OUT!!! They appear to be working together. IF anyone is filing a class action against these people PLEASE reach us ASAP!!!!!