Wells Fargo Mortgage Complaint

Conventional adjustable mortgage (ARM) Settlement process and costs

Wells Fargo Mortgage department,

Conventional adjustable mortgage (ARM) Settlement process and costs Virginia

I originally submitted a complaint based on denial of the short sale because of affordability, they agreed they were wrong because I am in the military - VA. Now mt problem is with the counter offer price they asked for on - -. The comps for the fair market value are around -. They originally countered at - back in - 2015. This time they countered with the same buyer for -. I am attaching the comps that were requested when we first disputed the counter offer. Nobody has returned my calls from Wells Fargo, and I have called several times as well as left messages. I would like to know what basis they are coming up with this sale price, especially when the buyer 's bank goes for an appraisal it will not be anywhere near -. They have come down - from -, but are still extremely high on their asking price. Why would anyone purchase a home for more than it is worth, and what bank would loan them money for a home that was n't worth the asking price? I truly do n't understand and feel - - is taking advantage of the situation. I have a buyer, ready to purchase the condo for fair market value, why would they intentionally sabotage the deal with such an absurd counter offer? Would they rather I let it foreclose? I would like an answer to the ultimate question and what their appraisal found the fair price should be, based on the comps I am including.

Wells Fargo customer in Virginia
Oct 16, 2015

* Source: CFPB Complaint Database

Wells Fargo response to complaint:
Closed with explanation

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Contact Wells Fargo

http://www.wellsfargo.com/
(866) 249-3302
[email protected]
420 Montgomery St Frnt
San Francisco CA 94104
Wells Fargo
Wells Fargo

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