I have Wells Fargo as my home mortgage. I don't have escrow and pay my insurance and taxes on my own. Recently I took out a new insurance policy and the insurance company refunded the check a month later because both my husbands and my name were not on the policy only my husbands name was on the policy. The policy was cancelled and a new policy had to be reissued with both of our names on it. I waited two weeks for the check to arrive and then I placed it in the bank and the new policy was rewritten with both of our names. This all. Occurred back in April. There was a lapse of twenty days between the transactions were fixed. Today July 20 I received a letter from wells Fargo that they had issued a policy for the lapse of insurance back dated to march 30.2012. The insurance was issued on July 15. I called my insurance company ans was told its illegal to back date insurance documents. But wells Fargo is sticking to their policy. This was an error that I had nothing to do with and now I a, being forced to have an escrow account for the month that they covered and it's ten times higher than what my insurance would cost. This is not the only incident that I have heard of with Wells Fargo and if I can't date an insurance policy why can they?
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