Wednesday, August 16, 2006
War against Wells Fargo
Quick post, just to get this off my chest.
It looks like I'm going to war against Wells Fargo. After cashing my last two payment checks, and holding onto the money for a while, Wells Fargo suddenly sent me a check for the total amount of these two payments. When I called to find out what was going on, I was told the money hadn't been applied to my loan, and they were starting forclosure proceedures because I was now behind on my payments.
Huh?
Not only were the payments sent in with the required payment coupons, the loan number was written on the bottom of each check so they can't claim they didn't know where to apply them.
I wonder if the fact the property is located directly across the street from where Wal-Mart is building a new super center, and is guaranteed to go way up in value as a result, has anything with them trying to take my property away from me?
This does not in any way sound legal. I've already set up an appointment with my lawyer.
Best suggestion at this point: Don't do business with a company that thinks it can take your property at any time just by sending back a couple of payments.
It looks like I'm going to war against Wells Fargo. After cashing my last two payment checks, and holding onto the money for a while, Wells Fargo suddenly sent me a check for the total amount of these two payments. When I called to find out what was going on, I was told the money hadn't been applied to my loan, and they were starting forclosure proceedures because I was now behind on my payments.
Huh?
Not only were the payments sent in with the required payment coupons, the loan number was written on the bottom of each check so they can't claim they didn't know where to apply them.
I wonder if the fact the property is located directly across the street from where Wal-Mart is building a new super center, and is guaranteed to go way up in value as a result, has anything with them trying to take my property away from me?
This does not in any way sound legal. I've already set up an appointment with my lawyer.
Best suggestion at this point: Don't do business with a company that thinks it can take your property at any time just by sending back a couple of payments.
