Wells Fargo & Company Mortgage Complaint

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure

Wells Fargo & Company Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure California

Loan Payoff : Wells Fargo Bank loan was originally a - Loan. - received a loan for $360000.00. The loan was meant to pay off my existing first deed of Trust which was for $170000.00 recorded -. This $170000.00 loan was never paid off, and still remains on the house. The house has been upside down since the initial refinancing of the house. Wells Fargo refuses to correct this error. Subordination : Wells Fargo has subordinated these two loans, putting the larger $320000.00 ( Recorded - ) one in first position, without paying off the smaller $170000.00 Loan. ( recorded - - Thus the house was always upside down Duel Tracking : According to the California Homeowners Bill of Rights, they can not file a notice of sale until after the loan modification process is completed. The sale date has been set for -/-/-. This sale date was set during the loan modification process as well as the resolution. Payoff larger loan : ( which was always in second position ) Wells Fargo has not satisfied my requests. I wish to stay in the home and modify payments.

Wells Fargo & Company customer in California
Dec 30, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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