This Is How I "Foreclosed" On Wells Fargo

[Cruisin1]

I don't see how you can be on Wells Fargo side here... This guy did everything he was suppose to do.

 

[M0oG0oGaiPan]

If he was asking real questions then maybe yes, but the questions he asked were frivolous.

What was his end game? They are in some warehouse and cannot describe their physical location so he stops paying because the bank can't "prove" they own his (really the banks) house?

Its people like this who try and scam the system that ruins it and drives up costs for everyone else.

I'm pretty sure he wanted to know why his insurance premiums went up.

 

[vi edit]

Honestly, I can't fathom he didn't try before going through all that trouble.

I spend just enough time around slick deal/fat wallet forums to know that many online inhabitants would never set foot in a building if they knew there were legal ramifications involved in written correspondence to a bank they could use to their advantage.

Some people really do have nothing better to do.

Not saying that is the case with this guy, nor do I think he was intentionally out to extort Wells...just saying that there is a subset of people that would go that far for no other reason than "because they can".

 

[jhbball]

So the guy decided to waste a ton of time to find a look hole and scam Wells Fargo out of $1,000.

Isn't America wonderful.


This guy should be locked in jail for wasting the court systems time with his frivolous claims.

rofl. stop embarrassing yourself.

 

[Vette73]

I spend just enough time around slick deal/fat wallet forums to know that many online inhabitants would never set foot in a building if they knew there were legal ramifications involved in written correspondence to a bank they could use to their advantage.

Some people really do have nothing better to do.

Not saying that is the case with this guy, nor do I think he was intentionally out to extort Wells...just saying that there is a subset of people that would go that far for no other reason than "because they can".

I updated my reply to your post.
He contacted them 4 times (some dating back almost a year) before he found this legal way to make them answer basic questions.

And yea I use letters/e-mail as well as half the stories on some sites are how XYZ said they would do ABC but now have no record of that when it did not happen. let alone CR reps are told to hang up if they are being recorded. Its a waste of time to talk on the phone. Unless its in writing it never happened IMO.
That and the CR phone people most of the time have little to no power other than looking up basic stuff and reading a script.

 

[Vette73]

rofl. stop embarrassing yourself.

You think thats embarrassing. You should see what Patranus post in P&N.

 

[NoCreativity]

And in an effort of fairness to Wells, I really think this could have easily been solved by simply going into your local mortgage branch of Wells and asking to speak with a representative there and let them run point on it for you.

Forget letters and the passive aggressive approach like he took waiting for them to slip. If I wanted something answered I simply would have gone to a bank and asked until it was answered.

If I go in to ask a question about my mortgage (BoA) most often all they do by running point is get my contact info and ask when I want someone from their mortgage department to contact me and give me a 2 hour window. Employees at the local branches don't seem to be able to do shit, unless of course you want a new mortgage.

If you have a smaller bank (which I did before the mortgage got sold) you have much better luck dropping by the local branch to get answers.

 

[child of wonder]

So the guy decided to waste a ton of time to find a look hole and scam Wells Fargo out of $1,000.

Isn't America wonderful.


This guy should be locked in jail for wasting the court systems time with his frivolous claims.

Companies hiring lawyers to find legal loopholes to their advantage = OK
Citizens using legal loopholes to their advantage = BAD!!!!!!

 

[soulcougher73]

Sweet. Fuck Corporate America. Especially banks and Wall Street.

 

[BurnItDwn]

So the guy decided to waste a ton of time to find a look hole and scam Wells Fargo out of $1,000.

Isn't America wonderful.


This guy should be locked in jail for wasting the court systems time with his frivolous claims.

Yes,
Though you are off by a little bit.

1. He didn't waste any time.
2. He didn't find a "look hole."
3. He didn't scam anybody.
4. He should not be locked in jail
5. See #1
6. His claims were not frivolous

Yes, America is wonderful, even if it has flaws.

 

[Codewiz]

Anyone who is vilifying this guy didn't read the entire story.

This guy had a house that was worth around 200K. Wells Fargo forced him to insure it for >700K. He wanted to know why. No one on the phone helped. He tried the normal routes. That lead NO WHERE.

He used the only avenues he had left available.

 

[BoberFett]

So the guy decided to waste a ton of time to find a look hole and scam Wells Fargo out of $1,000.

Isn't America wonderful.


This guy should be locked in jail for wasting the court systems time with his frivolous claims.

I'm sure Wells Fargo has never used "loopholes" (also known as technicalities) to fuck over their customers.

If Wells doesn't like the terms of their contracts, they shouldn't sign them.

 

[Phokus]

Companies hiring lawyers to find legal loopholes to their advantage = OK
Citizens using legal loopholes to their advantage = BAD!!!!!!

He's a republican, of course he'd side with companies abusing the average citizen. Wells Fargo was forcing him to pay for insurance on his house for $1,000,000 when he never bought the house for anything near that and they never responded to his inquiries. Quite valid to sue their pants off.

His broker told him full replacement value would cost about $1 million to insure in the event his house, a 6-bedroom, 3 bath Tudor he paid $180,000 for in 2002, was reduced to rubble and needed to be rebuilt stone by stone to standards from over a hundred years ago. Though he's diligently paid his mortgage on time for the past seven years, he couldn't afford the jack-up in premiums, nor did he see a reason why he should have to accept them.

 

[KGB]

A victory for the common man against the faceless, soulless corporations.

Good for him.

 

[zinfamous]

Considering how many times banks and finance companies sale mortgages, the questions sound reasonable to me.

Stories are starting to surface of banks taking peoples homes, when the bank did not even own the title.

So yea, I think the questions were legit

exactly. I think it's more of "Do you even own my mortgage anymore? If so, you have to show me evidence."

legit question.

 

[grrl]

Link no longer works?

 

[Zargon]

quality shiz right there

 

[Number1]

Link no longer works?

Same here, "404 - not found"

 

[Gooberlx2]

Same here, "404 - not found"

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[Howard]

He's a republican, of course he'd side with companies abusing the average citizen.

oh for fuck's sake

 

[Vette73]

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Yea I am betting Wells Fargo is saying take it down our you are violating the NDA.