Wells Fargo & Company Debt Collection Complaint

Other (i.e. phone, health club, etc.) Cont'd attempts collect debt not owed debt is not mine

Wells Fargo & Company Debt collection department,

Other (i.e. phone, health club, etc.) Cont'd attempts collect debt not owed Debt is not mine Oregon

Debt was discharged during short sale. In - we sold our investment property in a short sale with Wells Fargo. We later received a - from the lender, for the cancelled debt amount of $8000.00. Immediately after the short sale, we also started receiving statements from - - regarding this same shortage as though the cancelled debt was now owed to them. Not fully understanding the situation, my husband paid their invoices for over a year until he was advised by our accountant that we would not be responsible for both the cancellation of debt and the reimbursement of the short sale funds. We stopped making payments after - -. At the close of escrow we were required to sign a promissory note for $8000.00 but we understood that we would either receive a cancellation of debit - or the possibility of having to pay the promissory note. We were also advised that Oregon is not a " recapture '' state so it was very unlikely that the lender would attempt short sale recapture.

Wells Fargo & Company customer in Oregon
May 16, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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