Wells Fargo Problem

[jeremyandrews]

This is a long story, and it is painful.

We've been living in this house for 15 years. My mother lost her job in 2008 and was approved for Disability in 2010. Wells Fargo kept foreclosing. We called and asked what was happening and they told us "There is a sheriff sale scheduled 2 days from now." And they said the way to stop it would be a loan modification. This happened several times between 2008 and 2009.

They asked us for a hardship letter, and for a list of expenses. That's it. No proof of income. We were given a loan modification, maybe 3 or 4 times. One we couldn't afford obviously. So in 2010 we fell back into foreclosure.

We tried for a loan modification again, they didn't get back to us. We tried again, they wanted more information. denied. We tried again, denied. And now we just tried to apply for a HAMP modification, and they denied that because they said "You were already approved for a modification in 2009 and didn't pay that and your income cannot handle a mortgage payment." They keep giving us the same thing.

We can now afford a $700 a month mortgage payment, and they continue to deny it for whatever reason. We have a sheriff sale scheduled for July 18th, I asked for options and they just said "short sale"

What can I do? I've been on the verge of depression and was put into the mental hospital for it because of all this. We're planning on faxing some more papers hoping for some sort of a delay. But is there anything that can be done here? Their underwriters just keep denying and denying and denying now, even though we could easily make a mortgage payment.

They denied everything. HAMP, and working directly with them. Before they were just making up numbers and giving us a modification for an amount that we can't afford.

I can barely stand this anymore. This has been going on nonstop for 5 years. I'm tired of living in fear of living on the street because this "bank" can't get us a reasonable loan modification based on our new income.

We've been living here 15 years, why do they want to kick us out now?

[Jeffrey L. Shurtliff]

Sorry to tell you but if it has been five years with Wells and not payment, they will sell your house. I just hope you have been wise and saved your mortgage payments for a rainy day of moving with expenses. I know it is rough as I have been through it along with most here. Just read the posts here and maybe a post may give you an idea. Welcome to this forum.............Jeffrey

[jeremyandrews]

So I guess I'll be living on the street after the 18th. I knew there was no hope

[Jeffrey L. Shurtliff]

Unfortunately with Wells hope is nill. I have been suing in the courts now for almost two years. They do have the favor of the courts Federal and State. In order to help yourself and if you believe you can stop them read the posts here.

[JustSharon]

So I guess I'll be living on the street after the 18th. I knew there was no hope

Not necessarily. What state are you in? Some states have a redemption period which could extend your time in your home. Also, even though they have a sale scheduled for July 18, doesn't mean the sale will actually take place. There are lots of things that can delay it. Some states have an almost automatic delay -- as long as the homeowner asks for it.

Also, even after the house is sold, the buyer (bank or someone else) will have to file an eviction, that can take time. You may even be able to negotiate cash for keys.

It ain't over 'til it's over!

Sharon

[Jeffrey L. Shurtliff]

I agree with Sharon . This is why you should read as much as you can here, as you may see an angle in your particular situation. You must take the first steps and figure something out and we are here to help you expand on it.

[jeremyandrews]

I live in Wisconsin. Wells Fargo took over from Washington Mutual, who started the foreclosure process. Bank Of New York Mellon is the one handling the foreclosure, but Wells Fargo is still servicing the loan, and are continuing to do so.

We've had at least 5, maybe 7 sale dates that never went thru over the years. Mostly because Wells Fargo playing around with negotiations that never went through. Now suddenly they are giving us a hard time.