- sheratonhomesvictims said...
In 2006 Wells Fargo (Town East office in Mesquite Texas)loan officer John Jackson worked with Pat Kennedy of Sheraton Homes in Greenville Texas to coerce my husband and me into signing what I now know to be fradulent loan documents. John Jackson, Pat Kennedy, and her employee, Kerry Sheehan, conspired to steal the $150,000 loan proceeds rather than ordering the home the loan was to pay for. I have been fighting this case for almost 2 years. The police have the case but are doing nothing nor are the Texas Rangers. Despite the fact that I have the documents proving theft and fraud no one seems to care. Have gotten civil judgment against Kennedy and Sheehan but the civil suit against Wells Fargo is ongoing and no end is in sight. Law enforcement officials tell me if we can ever get to court the case will be a slam dunk as the criminal behavior and fraud are blatantly obvious in my considerable documentation. Meanwhile Wells Fargo has destroyed our previously perfect credit rating. We still have no house and have been financially devastated. Wells Fargo continues to cover up their crimes rather than doing the right thing by stepping forward telling the truth and fixing the situation.
Wells Fargo has to be the worst bank in the history of banking. Oh how I'd love to see a bunch of their employees and principals where they belong....in prison!!!
DITTO!! I agree there are many on the upper rungs that belong in jail.
2 comments:
Wells Fargo claimed I did not make my payment of $98.41 on January 13, 2010. I did make the payment, and there is a record of it on their website, and on the website of the bank from which I made the payment. Their call center (I think it is in Des Moines, Iowa) called and said I need to take care of this right away. The guy was very pushy. It has been a nightmare trying to get Wells Fargo to correct this. Their Robo caller kept calling me. I answered one time and there was no person on the other end. I am a bus driver, and they have caused me such emotional distress and physical weariness, that it has effected my ability to do a good job. By this, what I mean is that within a day or so after their obnoxious call, I found myself asleep at the wheel of my school bus, on an expressway. Praise the Lord that it was only briefly that I dozed off, and that it happened to be at a stop light, so I did not get into an accident. I don't need Wells Fargo's false accusations, and I don't need their obnoxious Robo calls.
here are the things we are going through with Wells Fargo Financial, very unhappy with and abusive predatory tactics/promises
02/18/08 we financed our home with Wells Fargo Financial to pay off debt we dealt with Trishia Hunt, she contacted us cold call, and we were promised a fixed rate loan, get to closing and it turned out to be an ARM @12% interest with 3 year adjustment, Trish that we can refinance at a good rate in 1 year, Now we have good credit, no late payments on anything. also extra used funds to put in a new septic system & other improvements so we can get ready to refinance at 95% of value next year as Wells Fargo will do that, but for them to get around that, they have their own appraiser and he will low ball the appraisal, We had house appraised for $90,000 a few months earlier by another appraiser, Wells Fargo says it is only worth $70,000 and that was after many expensive updates.
April of 2009 and we were contacted by David Olson jr the manager Grand Rapids, Mi. branch and said we are ready to roll this loan into a 4.5% 30 year mortgage, $7500, in closing costs, very high but he said was negotable Great! so we sent all the paperwork in, in April which was all there, and David also said the sooner we get our paperwork in the sooner we close this loan, so I did just that, then 05/28/09 comes along and we finally got the Truth in lending Disclosure, the terms and everything were ok.
now that the home still needed a little work to be perfect, I finished some small projects and still needed to complete the garage, siding, electrical, wood floors, landscaping. so I contacted David Olson and he said the loan is all approved and just waiting on the appraiser, so I waited for a few weeks and asked David Olson again what was going on? again the loan has been approved and still waiting on the appraiser,I asked if I could get my own appraiser and he said no. and David Olson advised me to borrow money to finish your home before the appraiser gets there to get the best appraisal, borrowed about $5000 to finish home and everything was good now, just waiting on the appraiser. Now I also asked David if we should get another finance company to refinance since they were having trouble getting appraiser here, David said just be patient, the loan is all approved and the appraiser will be there/well this went on all summer, 2% prepayment penalty on the loan , so we would just stick to the plan.
now here comes 08/31/09 a refusal letter stating that we insuffceint income, which we did not a year before and excesive obligations, yes that is true but since we borrowed money to fix up home,per David Olson's advise, I would think that would be expected, since I was going to pay off all debt with loan proceeds, well since the loan did not go through, I cannot pay my unsecured debt Now my fault for believing these lies from David Olson and Wells Fargo.
now comes the Home Affordable Modification Loan since our income has dropped $900.per month due to my tenants not paying and that was 09/11/09 We sent info for the Home Affordable Modification to Kerrie Holst and on 11/04/09 Kerrie Holst needed more info, we sent that out promptly and about a week later Karrie Holst called me and said we do not qualify for the Home Affordable Program, we received too much money and the payment would go UP instead of down,
1. OK now check out these 3 situations-02/18/08 had good credit except wife, not too bad, promised a fixed rate-we get 12% ARM 40 year $675 a month, no problem say Trishia Hunt, at time promised us refinance next year when these marks are off of credit.
2. now we apply for a good loan all credit issues cleared up, April 2009 4.5% 30 year fixed-$399.51 a month, down from $675.00 mo. come 08/31/09, got refused for this loan, findings-could not afford this loan/payment?
3. Now we apply for the Home Affordable Modification 11-09, since our monthly income went down $900 a month, got refused because we receive too much money and the payments would go UP from $675. month, instead of down,
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