Comments on: Wells Fargo/American Servicing – They are a joke!!

By: KC

KC — Wed, 31 Mar 2010 21:51:34 +0000

Same thing happened to me. I got a Mod. approve in January 09. I was never late and owed no fees. I was told the first payment for the new loan was not due until April 1.

I attempted to make the April payment and was denied because they said they loan modification was denied and the property was in foreclosure.

Eventual the Mod was approved but a had to pay close to $3000 in fees before it was approved. Hope to never deal with them again.

By: Cindy in Orange

Cindy in Orange — Tue, 29 Dec 2009 00:51:52 +0000

JC, have they BEEN taking those payments for all these months?
I hope you KEPT your copy of that final agreement they sent you. It is quite illegal, by the way for them to have CHARGED you ANY fees, if this was a HAMP modification.

You definitely need to get in touch with the Attorney General in your state, and find FREE legal help for people facing foreclosures in your state.

By: JC

JC — Sat, 26 Dec 2009 20:45:54 +0000

Wells Fargo refused to do anything to help me for over 10 months. Every time I called I got a different story. Wells Fargo finally sent me a loan modification approval letter and documents for my “New Loan”. I signed, paid fee and notarized. Paid on new loan for 4 months. Then after calling one day to verify that they had recieved my payment (as I did every single month), I was told that my “Loan Modification” had been cancelled months before. Now they show me 5 months late and are demanding all past due monies. Or they will foreclose. Right back to square one. HELP !!!!!

By: myhome

myhome — Fri, 25 Dec 2009 14:52:33 +0000

Living the wells fargo nightmare. Completed the trial mod and still nothing. They are blood sucking leeches. Parasites who feed on the very people that sustain them.

Have been trying to work with them for a year. Still nothing. This is ridiculous behavior. They are forcing common americans under economic slavery.

By: Peoples Voice for Homeowners RIGHTS

Peoples Voice for Homeowners RIGHTS — Tue, 23 Jun 2009 01:22:50 +0000

Peggy, it is never a waste of time, but you will need to do your homework, ask their criterias as i mentioned this is a double standard, they will mail you letters as to how they are actively involved in helping homeowners retain their homes, but when you speak to their loss mitigation office or customer service is a totally different ball game. They told me that an order to qualify i needed the following:
1. My debt-to-ratio had to be no higher than a 40% – I meet
2. I needed to have an income – I meet
3. Prepare a hardship letter – I did
4. Prepare a financial Budget – I did
5. Consult an approved HUD Financial counseling service – I did

Last Wednesday, I received a letter stating that my home was in a foreclosure status, that i needed to contact the paralegal handling my case, the offices of David Stern. I have left 5 messages to the paralegal, not once a call back, then what are my options i say? the letter states i need to contact my paralegal assigned to the case, always a voice mail never anyone LIVE, again i say… WHITE COLLAR CRIME AT IT’S BEST.

GOOD LUCK PEGGY AND FIGHT TILL THE END.

By: Peggy

Peggy — Tue, 16 Jun 2009 21:28:04 +0000

My Mortgage is with Wells Fargo. I want to apply for a loan modification to reduce my rate and principal. Should I waste my time?

By: Anna

Anna — Tue, 16 Jun 2009 04:01:52 +0000

You are not alone with your issues with AHM Servicing and Wells Fargo.
Wells Fargo is master servicer of a lot of AHM loans and have the ultimate decision on a loan mod.
I tried for 8 months to get a loan mod thru them with my loan with AHM that is in a Wells Fargo trust.

There are people doing something about this – google – you may be pleasantly surprised to find law suits on their way down the pike.