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Wednesday, January 4, 2012 - 4:10 PM

Wells Fargo Home Mtg

Wells Fargo Bank (1 stars)
If you are thinking of refinancing or purchasing a home do not finance with Well Fargo.  I have a small mortage with W.F. and a loan to value of less than 50% and I have over $ 200,000  in equity in my house.  I had an insurance claim for broken plumbing pipes.  The plumber doing the repairs refused to get involved with Wells Fargo because he said it always ended up in a lein on the house or in court.  I took responsibility for his payment and arranged to collect the funds from WF as per their guide lines.  Wells Fargo released 1/3 of the funds and the work began.  After the work was 2/3 completed (verified by their inspector) they still refused to release any more of the funds.  Its been 7 months since the funds should have been released.   I now have to refinance again to get the funds necessary to complete the repairs.  I plan a law suit after the refinance but this is a nightmare.  The only reason for not releasing the funds is that I refused to sign a hold harmless claim for them having screwed me, after sending them a letter of my intentions.  Well Fargo SUCKS and I intend to make them pay in court, but they have made our lives a living hell for months.

 

 
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ScrewedbywfScrewedbywf1 posts since
Jan 4, 2012
Rep Points: 5
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