We are going through hell with attorneys from Wells Fargo Home Mortgage. In May we refinanced with another company and paid the payoff amount. Several weeks later Wells Fargo' attys refused the check stating it wasn't enough ($4,300). HUH?!!!!! Our closing atty went to court saying they can't do that. Judge disagreed. (What the hell was he thinking) He ordered wells fargo to accept the check, stop interest from accruing, and work with us to form a payment plan. Attorneys Wouldn't talk to us. Throughout this they are foreclosing on us. This check is still outstanding!!! I called Wells Fargo directly and they said well gee, you were only short $1,090.12. We offered to pay that to clear this up. He said that sounds reasonable to me and a supervisor. Check back on Monday to verify.
I've since been calling everyday (1.5 weeks) with no one returning our calls.
It will cost more to pay an atty than pay the debt. Meantime we are paying our new mortgage every month.
HELP???!!!
2006-11-09 00:47:42 · 5 answers · asked by stitchercross 3 in Politics & Government ➔ Law & Ethics
I'm sorry Love, but it sounds like your missing something!?! You refied. with another bank! They called for the pay off and wrote the bank of your previous loan the whole amount to give them the holding on your home? Now, the previous bank says that you did not pay the correct amount and are foreclosing on you?
If you only owed 4 thousand something, on the home and refied. with another bank, they should have called to get the correct amount, then pay off the loan from bank 1 to give holding to bank 2! Bank 1 refused the money because, Why? Bank 2 is, What?
If you refied, and only got a 2nd on the house you would still owe money to bank 1 and now owe money to bank 2! So I'm a bit confused about what really happened!
You really need to get an attorney, weather it be to file bankruptcy or just sue someone! This is a bit complicated even for someone who deals with this on a daily bases.
I know that you don't want to spend the money on an attorney but beleive me when I tell you that if you don't do this you could very well lose everything and still have to pay everyone back what they say you owe them! Don't wait and don't delay! Do it as soon as you can! They can help stop anything that may be in action right now and atleast give you enough time to figure out what you want to do! You may even have money coming to you because of what bank 1 did and what bank 2 didn't do!
Good Luck Little One!
Blessed Be
2006-11-09 01:13:49 · answer #1 · answered by wonderingmom 3 · 0⤊ 0⤋
You need to consult an attorney, but the issue probably isn't one for bankruptcy.
1) You need to verify that Wells Fargo received the payoff amount from the company that refinanced the loan. Generally, it is the title company or the closing agent that is responsible for obtaining the payoff amount and ensuring that funds are transferred to the old lender.
2) If the property is in foreclosure, you need to consult your attorney about this immediately. IF indeed the refinance went through as you said, there are obviously more facts which are being left out, (probably because you don't know) that are relevant. The attorney will need to explore these to make sure that all was done correctly.
If you need an attorney and don't know one, please contact your local or state bar association for a referral. DO NOT go through a prepaid legal service.
2006-11-09 04:25:59 · answer #2 · answered by Phil R 5 · 0⤊ 0⤋
Its better to just do a "Deed in Leu" it wont hurt your credit as bad. This means that you give up the right to your home. You can file Bankruptcy, but it will hurt your credit, then harder to refinance down the road. Also, you may need to speak to an Attorney, to make sure everything is order.
If you need an Attorney, even for Bankruptcy...please contact me. I can save you a ton of money. You will also get access to the No. 1 Law Firm in your state. This means you can pick up the phone and contact an Attorney 24hours a day. They cover every area of Law and will protect you and your entire family. If you want more information on this, please let me know.
Good luck.
2006-11-09 02:28:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, you will no longer qualify for any type of loan very own loan with a modern-day financial ruin. The foreclosures is long adequate interior the previous to no longer be a controversy, yet that doesn't prepare to the financial ruin.
2016-10-03 11:03:21 · answer #4 · answered by ? 4 · 0⤊ 0⤋
will that is your problem not mine sorry sorry then make
you pay more will sorry oh oh huh hu will
2006-11-09 00:57:41 · answer #5 · answered by tanisha w 2 · 0⤊ 3⤋