On June 24th 2010 my house was destroyed by fire. It's been a nightmare dealing with Wells Fargo.
17 months ago and the house rebuilding has been delayed time after time by the bank. at time of fire
I had just been approved with a loan modification. After sending the Bank $145,273.42 from Farmer's insurance I've had to contact The Comptroler of the Treasury to initial funding release to start construction.
Now at 50% of construction we've called bank to inspect so as to release fundings. 4 weeks and still
no inspections. They've stated that after we requested the inspection, we should get a call for an
appointment and it shoud be within 5 business days. Despite calls, faxes, emails and numerous Presidential
Representative being contacted by both My assistant Paula Twohy and myself we cannot seem to get
the inspection, which is a requirement for them to release funding to finish house. At the end of December
I will be homeless, if house is not completed. It's been costing me an extra $3600 per month for housing.
I'd rather be applying these lost funds toward my mortgage balance. I cannot get my loan reactivated
until we modify the loan, which is dependent on a house being in place. We have had continuous delays
for 11 months. The house would only take no more than 3 months to complete without any delays.
Product or Service Mentioned: Wells Fargo Mortgage.