We are back in foreclosure, for the 8th time.
Yes, that was the number eight.
We have been inordinately lucky, one might say, as we are still in our house of more than a decade.
But I am having some long standing troubles with a 2nd from Wells Fargo.
I took out this loan as a fixed 15 year amortized second. That was in 2000. Simple enough, right?
At least those were the docs **I** signed.
The loan officer called us the next day with "technicalities" - and I had to come down and sign new docs. Seems that we needed too much, or some other vague excuse. So the 38K was cut into three loans.
I have paid on this loan for 11 years. One of the three loans has been paid off in its entirety, but still we owe more than 40K now, although the bulk of the "main" loan is more than half way paid off - as should be the entire loan.
But they slipped a "Mickey" to us with their "technicality", and forced us into a HELOC, **completely against my wishes**, to which they claim "too bad, ****er, we tricked you into signing new docs, so you have no one but yourself to blame"...
Then I read of these massive quantities of Bait and Switches from Wells Fargo...
Are there other cases like this out there? It seems that Wells Fargo does this regularly, and gets away with it.
Who else is in this situation?