Homeowner story submitted by broken and frazzled
I am one of those dead beats in a subprime loan and also upside down on the loan the minute we signed the papers. First of all we tried to talk to someone at Wells Fargo and we were unable to get anyone to return our calls and on one occasion I called three times in one day and ask the same question and got three different responses.
I am not a quitter but I threw my hands up and said I can’t handle this anymore and I took all my documents to an attorney and he tried to work things out for us and was also unsuccessful and handed the mess back to us only because he said Wells Fargo was not willing to work with anybody at that time and suggested we contact a bankruptcy attorney. There was nothing in this for the first attorney and he didn’t suggest a specific attorney. When the second attorney looked at things he also tried to work things out with Wells Fargo on our behalf but was also unsuccessful. We ended up filing bankrupsy and it has ended up costing Wells Fargo dearly and not even to mention the wear and tear on our health.
What I am trying to say is that each case is different and should be treated individually with respect. If Wells Fargo would have just assigned one individual to our file and worked with us I think they would have found that the loan was the fault of the loan officer. appraisal company and underwriter.
The articles that you read about this is only the tip of iceberg I think is right and unless the lenders become more realistic and look at how people were put into these loans and that people who they have hired to represent the company will lie to get into a loan and find an appraiser that will make numbers right and an underwriter that will over look things to meet quotas and then you are turned over to a Vinnie.
The American dream was a death sentence for my husband and myself and some of these lenders are getting what they deserve and it is going to weed the good guys from the bad guys and it has been an expensive lesson for banking institutions, borrowers and employees.
I just watched the Last Mimzy, which had a great message about the possible future for Human Beings if they lose one important ingredient, their humanity.
Having humanity, we can treat even the “worst offenders” with dignaty and respect, knowing that all of us have made mistakes and have made bad choices.
You advice that all borrowers should be treated with dignity and respect is golden.
i wish our congress do the right thing because of lax of lending that’s why these things happening millions of homeowners given toxic loan and making them believe they could have a piece of american dream which is not true and its a scheme mastermind by the wall street pigs,so real estate agent,loan officer whose only thinking for his own interest because of that YSP homeowners who could qualify for prime they dont give it to them so they could have more commision,appraisser who inflate the home value they are all in cahoots in this big time scheme. banks and servicers dont mind if the feds bail them out but it there interest will be jeopardize they wine or cry and they dont think or care if its destroy family loosing a home it destroy family all they care is for there own interest and profits that’s why they lobby in the congress those who are pigs who take money from this banks,servicer and the wall street pigs that’s why our economy get affected and dollar are loosing value. what they do is they packaged the loan into securities and sliced and diced it who know who own the loan if goes from other countries. i dont speak good english and not good grammar but i know this people banks,servicer and tha wall street pigs are crooked i hope they burn in hell and now those CEO’s are qutting there job so if things goes wrong the govt dont go after them and took millions of money in therte pocket. sp god bless america and i hope our gov’t do the right thing.