Wells Fargo
Mortgage payment jumped from $850 to $1,447 with high-risk insurance, foreclosure threatened

I live with my family in Massachusetts I rent an apartment here for me and my 7 month old son... Wells Fargo handles the Mortgage here, and I spent all night e-mailing news places, because they are threatening to foreclose, and telling my parents that they are constantly behind on payments...

How your mortgage 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 Florida... Our house is in a lot less danger than theirs??? We have 4 families in this house and my parents are trying very desperately 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 homeless shelters, or whatever... I just don't see how they are illegally taking peoples houses right out from underneath 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 financial instuite goes bad...

Company: Wells Fargo
Country: USA
State: Massachusetts

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