In Oct of 1999 Wells Fargo took over my loan from Directors Mortgage. At the time I was recovering from a disability and getting back on my feet. Our home had a substantial amount of equity in it. Was worth 250,000
a VA loan of 169,000 and a second mortgage.
This loan was going into foreclosure but I had gotten back to work and worked out a reaffirmation agreement with my attorney.
Wells Fargo told me I was eligible to reaffirm with them, so I had my attorney draw up the paperwork. At that point they said it wasn't a secured loan and therefore not legal in California.
They foreclosed and never paid off my VA loan
or gave me a payout of disbursements.
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