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Wednesday, January 4, 2012 - 4:10 PM
(1 stars)
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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