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Wells Fargo short sale closed in Moreland Hills

This ends up being a huge service to this Moreland Hills Ohio short sale seller because he had significant retirement assets. The bank knew about this but we were still able to negotiate terms on the short sale letter completely releasing the seller from any future liability from the short sale deficiency. When you need to short sale your home make sure you work with an expert. It could mean huge money to you . . . → Read More: Another short sale closed in Moreland Hills

Wells Fargo or Hells Fargo

LoanSafe.org or posted this video and it is hilarious unless you feel like you are going through Loan Modification hell.

Unfortunately the same scenario of faxing and refaxing  and refaxing and waiting on hold long periods of time only to get a rep in another country who can’t speak English and has no . . . → Read More: Wells Fargo or Hells Fargo

Wells Fargo picks and prays re pick and pays

The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market.  Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays

Ohio Attorney General Files 2nd Suit Against Servicers

This article is the second article I have seen today about Ohio Attorney General Richard Cordray suing unscrupolous lenders.  According to this source, Ohio leads the nation in suing servicers and holding them to task about the practices they have used to prey on people and ultimately effect entire communities and the state and . . . → Read More: Ohio Attorney General Files 2nd Suit Against Servicers