Question by Krissy S: Real Estate Law/Mortgage Attorney Bad Home Loans!!!?
I was given a very bad loan with a reputable bank “Wells Fargo” that is. They NEVER gave me Disclosures Good Faith,TIL Borrowers Authorization etc! They sold my loan to EMC and they changed my Interest rate from a FIXED rate when i signed my loan docs to an ADJUSTABLE rate of a 10% on my FIRST and a 12% ADJUSTABLE on my second WITHOUT even telling me!
I am pretty sure i have aREALLY good case! That is what EVERYONE is telling me! I was workingfor a company Prudential Real Estate when the wells fargo “Lender” that worked with me he had his own branch in my office told me i could get a home loan even though i was making COMMISSION only and probably only ,000 a month. My Mortgage is ,200 a month for a very small condo here in Modesto that was built in 1980 and is only worth 0k and they sold it to me for 5K. What i am upset about is what they told me and not disclosing ANYTHING to me i have ALL of my documents and no good faith etc was given to me and my Interest rate changed 3 points when they sol my loan to EMC. The Lender from Wells Fargo told me to write a letter saying i made ,000 a month doing Notaries a month and that would get me the home loan! Well it Did and with a Hefty Price and a Mortgage I cannot afford and nobody will refinance me because i had to file bankruptcy because i could not afford the payments anymore at 27 years old on my own and only making k a month, and a Mortgage of ,200 a month which is more than i make not including money i need to eat!!!!!
Please call me ASAP and i will explain in detail. I am afraid i will lose my home and i am frustrated because i keep getting the wrong answers from my NEW lender and my interest rate changed without my consent! I can be reached at 209-380-1004.
Thank You!!!!
Sincerely,
Krissy Sutton
209-380-1004
Best answer:
Answer by DennistheMenace
you were in the business and know people, cant get a straight answer from any of them. go to the bank governing board…or what ever its called…talk to the people that regulate them….
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