C
Bowie,#2Consumer Suggestion
Mon, January 10, 2005
Your loan has not been transferred. Wells Fargo is America's Servicing Company.
Georganna
Herington,#3Consumer Suggestion
Sun, January 09, 2005
They are out of Omaha, Nebraska. Berkshire Hathaway Inc. is owned by Warren Buffet. Mr Buffet ownes many companies such as Coca-Cola as well as Vanderbilt Mortgage, Clayton Homes and Oakwood Acceptance Corporation. All of whom have complaints filed against them on this sight. They are preditory lenders who's goal is to assume your home and resell it, doubling or perhaps tripling their investment in very short time. Send copies of all of your transactions with your complaints. Keep a journal of all the phone calls you have. Hang in there. Your not alone.
Karen
Enfield,#4Consumer Comment
Fri, January 07, 2005
I too fell behind in my mortgage. (I have a post on this site already with my whole story) Long story short.....We tried to make arrangements to reage our loan that was behind. lie after lie until we had foreclosure paperwork in our door. We filed bankruptcy to keep our house. Wells Fargo has made our life a living nightmare. I have been working with another mortgage company to refinace my loan for 6 months now because Wells Fargo keeps playing games with us. Enf result.....WE WIN. We are finally able to refinance. Closing tomorrow. I am so happy to be getting away from these crooks. Do whatever you have to do to get away from Wells Fargo before they completely ruin your life.
C
Annapolis,#5Consumer Suggestion
Tue, January 04, 2005
Wells Fargo is America's Servicing Company. Your loan was "transferred" in order to disguise an intent to foreclose. File complaints immediately with the Federal Trade Commission, The Office of Control of the Currency, The Attorney General's Office, HUD and Fannie Mae. This will slow down, and in most cases, stop a foreclosure procedure. I have been going through this since December 2003. America's Servicing Company/Wells Fargo has repeatedly been ordered to remove all negative activity from my credit file. However, each time I try to refinance, suddenly this information reappears. This company is already under investigation.
Julie
Kailua-Kona,#6Consumer Suggestion
Mon, December 20, 2004
1. If you're in a position to do so, REFINANCE NOW just to get the loan away from ASC and their cohorts in crime. If you can't qualify to refi because of credit or unemployment issues, try: 2. IMMEDIATELY Sell the house "on paper" to a family member or trusted friend who can qualify for the loan, but you continue to live in the home and pay the mortgage. Once the loan closes, have the family member or friend deed the property back to you by way of a Quitclaim Deed so you retain title. You will lose the tax benefits of ownership for a while, but in time your credit will improve, or your employment situation, and you will be able to buy the house back from the family member and get the tax benefits back. 3. If you don't have a family member or trusted friend who can qualify to "buy" your house, SELL THE HOUSE NOW while you still have equity in it. Once they start foreclosure you will lose the equity. Better to lose the home (sell it) and pocket the equity than to lose the home by foreclosure and lose all the equity, and be potentially liable for their attorney's fees and even a "deficiency judgement" which could entitle them to garnishyour wages. A deficiency judgment happens when someone owes, say $200,000 on their mortgage, then the lender forecloses and the house sells at auction for only $125,000. In some states, including Hawaii, the lender has the legal right to collect the $75,000 "loss", or "deficiency",from YOU, which can lead to your wages (or accounts receivable if you're an independent contractor or business owner) being garnished.