Wells Fargo Bank
Crooked practices

Our home burned down in jan. Our insurance paid me a significantly less than my mortgage. I offered this cash to Wells Fargo to pay for toward my mortgage. They place it in a "limited escrow" consideration and didn't utilize it to my mortgage. I told them - repeatedly - that I had been obtaining a fresh mortgage to repay the rest of the equilibrium (34000) and also to repair, consequently I required that cash to-go toward the total amount not sit-in limbo property! They WOn't utilize this cash before outstanding balance is compensated. The brand new mortgage won't shut before accurate stability is shown. This can be a catch-22 that's today made me desolate. I still spend $1225. Monthly on the mortgage I really just owe 34000. On with the majority of that cash heading toward curiosity since I'm paying attention about the initial quantity - despite the fact that they've $90000. Relaxing in limbo! Exactly what a fraud! I contact their customer support figures to no avail.

Company: Wells Fargo Bank
Country: USA

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