Wells Fargo - They are charging me LATE FEES after loan mod denial.

[holli]

I was denied a loan mod and they are asking for everything upfront to remain current (the difference between trial payments and regular payments) as well as LATE FEES.

Wasn't there a clause stating that as long as you were current on every payment prior to entering trial plan, and while in trial plan, which I have been, then they shouldn't charge late fees?

I was also told that I would DEFINITELY get a loan mod, even if I didn't qualify for the Obama plan, since Wells Fargo has other options, by 7 other associates.

I spoke to them this weekend and all they said was, "Well the other 7 people who told you otherwise were lying." Seriously?

This all feels like one big scam to ****er people into trial payment plans so they can collect on late fees. Reading other posts the success rate of trial plans going through under Wells Fargo and B of A is about 1 to 10.

[holli]

To add, I also find it disheartening that all throughout my trial payment period, despite being current I was told to disregard "system generated" statements saying I was going to be foreclosed on. They said this because they knew I was paying them every month, and they wanted the check cashed.

The second I was denied for loan modification (this Saturday),they said that those foreclosure letters were indeed in effect and the 7 previous associates/supervisors who told me they were 'system generated' "didn't know what they were talking about."

So after 5 months of being current on all payments what do I get out of this?

Ruined credit, late fee payments, service fee payments, and many hours lost over re-iterating my story to Wells Fargo associates who told me neither would be affected (credit, or late fee assessments) regardless of the loan mod outcome. Must be nice to be a banker.

[timmywit]

I thought late fees where suppose to be waived, but again all of these banks are not worth a damn Service fee what service fee did they get you with. This is a good idea by the banks then, lets extend the trial payments as long as we can so we can shake the late fees out of the homeowners.

[MasCyn]

Keep trying. I was approved by WF for trial mod. Paid on time for 3 months. Was told by phone my mod was made permanent. Continued to pay on time for 2 more months. Then I was told final mod was rescinded. I have disputed the late charges for the trial period, plus the 2 months. Finally WF credited me for late fees. Call every day. Don't stop. I am back in a trial mod starting Feb 1. Who knows after that?