- Report: #173645
Complaint Review: Wells Fargo - Massachusetts
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Wells Fargo
Massachusetts Massachusetts, U.S.A.
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Wells Fargo ripoff heartless reckless Dalton Massachusetts
I live with my family in Massachusetts I rent an apartment here for me and my 7 month old son... Wells Fargo handles the Morgage here, and I spent all night e-mailing news places, because they are threatining to forclose, and telling my parents that they are constatnly behind on payments... how your morgage payments can go from 850.00 one month to 1,447.00 the next is beyond me, and I don't see why when you live in Massachusetts you'd want to get "high risk insurance" out of Flordia... our house is in ALOT LESS DANGER THAN THEIRS??? we have 4 families in this house and my parents are trying very desperatly not to loose the place... in one apartment we have me & my 7 month old right next to me is my neighbor & 7 y/o daughter and next to my parents is my 5 y/o nephew, and his mother... we all have NO PLACE TO GO!!! It's really unfortunate to see all these other people filing for bankruptcy, and so on and so fourth just to save their homes and I'm afraid that all of us will have to relocate in the near future to either homless shelters, or whatever... I just don't see how they are illigally taking peoples houses right out from underneith them... It's very unfortunate that this is happening and they are getting away with it, but they ruin peoples credit until you have no other choice... I imagine this is what happens when a finiancial instuite goes bad...
Victoria
Dalton, Massachusetts
U.S.A.
Victoria
Dalton, Massachusetts
U.S.A.
3 Updates & Rebuttals
Cory
San Antonio,Texas,
U.S.A.
Which Month?
#2Consumer Comment
Tue, January 31, 2006
I know that sounds silly but every year, in Jan. I get a statement from the mortgage telling me what was paid out for insurance and taxes. If there's a shortage or overage. The statement breaks it down, by month what I paid in and what they paid out. If your insurance or taxes went up or they didn't collect enough the year before, that might account for the drastic increase. In Texas, a couple of years ago, some people's insurance went from $1000 per year to over $4000 per year. Most of it was from those toxic mold claims. Try and get an itemized statement. It also might have something to do with the fact that you have 4 families living there, in apts. They might consider it a commercial property.
Victoria
Dalton,Massachusetts,
U.S.A.
FIXED RATE
#3Consumer Suggestion
Mon, January 30, 2006
fortunatly I do not have a low IQ, and facts and figures do not apply when it was a FIXED RATE of 7.25 so please if you are amazingly brilliant explain how a fixed rate would go up in Massachusetts??? I'm also curious as to why my IQ would apply in the first place as well, do you work for them? "Please note it went up 597.00 in one month" If you could explain it would be greatly appreciated...
R
Portland,Oregon,
U.S.A.
Here's how your mortgage could go up
#4Consumer Comment
Sat, January 28, 2006
I have no idea what kind of mortgage you have, but if you had an interest only, variable rate mortgage it can go up a lot. And when I lived in MA, I always thought that the average IQ dropped about 40 points outside of 495, this pretty much confirms that.
