On April 7 I received a letter by certified mail from Wells Fargo Home Mortgage, (Address on letter - WELLS FARGO HOME MORTGAGE - P.O. BOX 9039 TEMECULA, CA 92589-9039.) We are aware that we were a month behind on our Mortgage (or should I say partial payment behind.) The letter stated that we were in default and that if we did not pay the total amount listed in the letter by May 5 they will accelerate the loan, and start the foreclosure process.
The amount listed was $2,251.39 this amount broken down was — $341.00 (the remainder of the payment for March - $600.00 had already been paid) $907.54 for the month of April (stated due WITHIN the next 30 days) and $907.53 (for the month of MAY - NOT DUE YET!) $95.00 tacked on for ("OTHER CHARGES" - not disclosed what the charges are for - just "OTHER CHARGES." best guess this is a fee for their supposed drive by inspection of the property, nobody ever comes to the door, or leaves anything saying they were here, or drove by, if you call customer service, and confront them about it they just say they "DROVE BY" and tack on a fee for it.)
We had already paid the $600.00 of our $907.53 payment for March, on April 3 - due too economy and decreased hours at work. This payment was immediately taken by Wells Fargo Home Mtg. And but NOT put towards the payment of the mortgage, but instead set aside in a "SUSPENSE ACCOUNT." on April 10 we paid the remainder of the March payment, in the amount of $342.00 (this included remainder due and late fee, The money was drawn from our checking account by a teller at a branch WF Bank, and the payment made to the Mortgage account immediately by the same teller.)
Wells Fargo Home Mtg. Again accepted this payment as well, but immediately put into the same SUSPENSE ACCOUNT - and DID NOT! Apply the total amount to our mortgage for payment for the month of March which would have only made us owing for the Month of April which is now currently due, and will be paid within the month.instead they are putting the payment in the "SUSPENSE ACCOUNT" - NOT APPLYING it to the payment, and stating that we are still in default and if the total amount is not paid balance being $1,309.39 by May 5. They will accelerate the note and start foreclosure process.
I find it hard to believe they can intentionally hold these funds not apply them to the mortgage, and then serve you with foreclosure papers for default or nonpayment. Something seriously needs to be done about this company, we are not the only ones with this problem, and this is not the first time we have experienced problems with this company. I don't believe they are there for the consumer, but only for themselves, and don't care who they step on or what they do.
I truthfully feel there needs to be a class action lawsuit against this company for deceitful practices, so that the 1000's of others like myself, that have the same problem with Wells Fargo Home Mortgage can see something done about it, and stop them. I feel Wells Fargo Home Mortgage calls in excess as well when they call my home, they call 3,4, 5,6 times a day, call during hours that I am at work, NOBODY IS HERE! And DO NOT! Leave a message. 1 phone call is plenty, and LEAVE A MESSAGE for pete sakes!
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