Wells Fargo
Equals bad Business Practice at its best North Providence

I was pre approved for a 130,000 plus loan at the end of 2008. I found a home in february for $ 60,000. I was told by Wells Fargo that if I relocated to New England found a job etc... That I could obtain the loan with 5 percent or so down. So i relocated, found a job etc... Did what they told me, closing date was set for May 15th didnt go through because the I hadnt purchased insurance, so i went out and bought insurance for a year, new closing date was set and fell through. It has been about 5 months now and there asking me to put down 25 percent, i found this a bit odd so i called other banks and they told me that no banks give owner occupied loans for multi families over 2 tenaments they all go in as investments... So i feel I was bamboozled mislead besides the fact that I had to leave my wife and child not even 2 years old behind for over 2 months to try and satisfy the bank. Besides being mislead this has taken an emotional and psychological toll on myself and my family

Company: Wells Fargo
Country: USA
State: Rhode Island
City: North Providence
Address: Smith St

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