Wells Fargo Is Accused of Making Improper Changes to Mortgages

Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by toomuchtodo on Thursday June 15, 2017 @01:45PM (#14562584)

But when happens if the mortgage services doesn't process that payment and you begin to incur late fees and head towards preforeclosure through no fault of your own?

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by yardie on Thursday June 15, 2017 @01:53PM (#14562666)

You send it certified. Then fax them and their lawyer a copy of the air bill and say see you in court. Trust me, slumlords pull this shit everyday with renters.

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by toomuchtodo on Thursday June 15, 2017 @02:00PM (#14562742)

Trust me, I've seen people lose their homes through no fault of their own, because their servicer made mistakes and they had no legal recourse except getting a check for a few grand several years later as compensation.

https://www.propublica.org/article/bank-errors-continue-to-c...

"Bank Errors Continue to Cause Wrongful Foreclosures"

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by yardie on Thursday June 15, 2017 @05:24PM (#14564494)

That article isn't the same. They stopped paying their mortgage because that was a requirement for the TARP loan modification program. They didn't get the modification and as a double whammy fell even further behind on payments.

My issue is with banks, landlords, and utilities where you send payment and they act like you didn't. Then threaten you with all types of legalese. This happens all the time for long term, rent-controlled, and rent-stabilised tenants. The landlord is trying to find any reason to throw you out. I've spoken with housing advocates and legal aid on this. If the owner starts acting up, i.e. not cashing checks while simultaneously sending you eviction notices, document everything. Spend the extra dollars to send a certified letter and keep the receipts.

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by toomuchtodo on Friday June 16, 2017 @11:26AM (#14569805)

> Spend the extra dollars to send a certified letter and keep the receipts.

Entirely agree.

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by adam-fn on Thursday June 15, 2017 @02:48PM (#14563227)

I had a similar experience with discounted-if-paid-promptly hospital bill. I got a call saying, essentially "we didn't move the money around our internal systems in time and now we want the rest of the money".

Since I paid with a credit card I could make the case that I was charged before their deadline and they let it go.

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Re:Wells Fargo Is Accused of Making Improper Changes to Mort... by robertcope on Thursday June 15, 2017 @03:00PM (#14563359)

I've had similar things happen with my electric bill. I noticed at some point that I had been paying small late fees. Looking into it, they would cash my checks, but not credit the account until the day after the payment was due. They stopped doing it after I pointed it out, but that took a lot of convincing. I'm not convinced that it was an accident.

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