Wells Fargo Home Mortgage
Investor Declined HAMP Modification and Sale Set Days Away

Wells Fargo are liars and thieves. When I first started having problems they informed me to call HOPE and also contact the Home Affordable Modification Program. After months of getting nowhere and multiple trials payments I am told that the "Investor" that now owns my loan does not do modifications through the Home Affordable Modification Program. I was also told my sale date set for Nov. 24 would be postponed until Feb. 22 while I went through another set of 3 month trial payments. I found out today the sale is in four days.

The mortgage on the house next door was owned by Wells Fargo. The mortgage amount was $315,000 and Wells sold the house for $256,000 to an investor. How does that make sense unless the government is paying Wells the $59,000 LOSS. This all doesn't make sense. I owe $460,000 on my home and it is now worth $340,000. So instead of making arrangements for me to pay off the load with a low interest rate Wells would rather sell the house to investors and get reimbursed the $120,000 LOSS from the government which means the tax payers.

I am not looking for principle reduction all I am asking for is a reduction in the interest rate and piggy bag a portion of what I owe so when the economy turns around everyone will get paid. Wells made money when they sold my loan to investors and now Wells will get paid again from the government that guaranteed the loan.

Company: Wells Fargo Home Mortgage
Country: USA
State: California
City: San Francisco

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