I applied for a loan and was preapproved for $150,000. Found a house, submitted and offer it was accepted got an inspection, appraisal and then a phone call to say my loan was denied.
Then I received a counteroffer in the mail along with the FHA Commitment letter. Never received a denial letter which I have since been told this letter was sent out in error. But since they committed to the loan they would do everything to approve it. After submitting all requested documents still no approval and closing is suppose to be this Friday June 13, 2014.
No return calls or follow up to phone calls or numerous emails.
Lost over $2,000 thus far and want to know what actions can I take against them. Wish I would have seen all of these complaints before I selected Wells Fargo.
Product or Service Mentioned: Wells Fargo Loan.
Monetary Loss: $2046.