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Old 10-26-2009, 02:15 PM
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Default Wells Fargo Foreclosure?

My home mortgage (in California) belongs to Wells Fargo. I was falling behind on my monthly payments and attempted to modify my loan. Shortly thereafter, I received a letter that my home was already foreclosed and auctioned off! I had 5 days to find a public lawyer (over the weekend) and fortunately, I already had one. My lawyer discovered that my home was sold dirt cheap and also discovered that the buyer was none other than Wells Fargo! I received an eviction notice but presented a letter from my lawyer and still remain here today. My lawyer said that he is waiting for Wells Fargo to respond to his suit, but they are silent. Anybody else in this situation? I will fight this 'til my dying breath!
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Old 10-26-2009, 05:18 PM
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You lost - welcome to the world where the banks run everything. They sold it to themselves dirt cheap so they can write off the bad debt - turn around - and re-sell. You can't fight it - this war should have started a long time ago before they had so much control and blind government help. As a Realtor, I can tell you that if you just sit there, a sheriff will eventually knock on the door and put your things on the street. Is it fair? Of course not. What can you do about it? Nothing at this point, with that house. I am not being insensitive, just truthful. It makes me angry to read stories like yours, where people tried to do the right thing. Wells Fargo had no interest in modifying your loan. Please arrange to move while you can.
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