I purchased a home on 1-24-08. I paid $1,000 then. Called 3 lenders to get best rate, my fico is 760.2 were 5.5 fixed no pmi but i pay 5% down all close cost, apx $1,800. Wells fargo stated 6% fixed no pmi and all i had to pay out of pocket was 5% down. So i went with wells. They sent some papers, but no hud1 of any kind. This home was owned by dueshe bank in ca.
I asked numerous times for the hud1 or more info from wells, but all they would say is i had to get it from chicago title in phoenix. I called and called and so did realtor. Said they would send it, but they never did. I did get a hud1 est. At signing. I signed it, but below signature i noted that figures were wrong. I called bank when i got home and all they would say is they dont do close cost rolled into loan. When i asked why i wasnt told this or given a hud1, all they said was they would take $220 commision for banks loan officers commision. At that point i was going to get loan from bank of america, but was told by seller (dueshe bank) if i didnt get everything done by 3-31 there would be a daily monetery penalty. Being it was already 3-20 there was no way another lender could be done by then.
When i signed docs on 3-19 it had already been put off 3 times. I didnt lock the 6% it would have expired anyway. If close would have been even at 2nd postponement, rate would still have been 6%. When signed 3-19 it was 6.875%. Costing me $30 more each month. This is the 12th day since i signed & paid the $3,300 more they wanted, but still havent received keys. There was a paper i was given on 3-19 saying it takes extra 3-5 days because it was a foreclosure. Its been 12 days and for last 10 days, i keep getting the runaround. I asked chicago title do they follow respa rules. They said yes, but they did not with me. Also 75% of time id call them or my agent, they will hang up before anyone says a word. Real good way to do buisness. I would have walked away, but i bought this home for half price after looking for 2 years. Wells fargo did the bait and switch, and no hud1. Chicago title wont do what they promise or are bound by law to do and i never got hud1 of any kind from anyone until i signed docs on 3-19.
Im so mad i couldnt beleive wells fargo and chicago title acting like and being crooks. Im looking for attorney to represent me. They cannot get away with illegal practices. Bruce eloy, az. (new home if i ever get keys)
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