Wells Fargo has stolen my house!

[mt15]

Has the local media picked up this story? What does your lawyer say about the situation? This whole scenario seems so bizarre.

It does seem like there is basis for criminal proceedings. I would like to see someone do time for this, and I am only reading about it on a message board!

[Blodaksen]

Originally Posted by mt15

Has the local media picked up this story? What does your lawyer say about the situation? This whole scenario seems so bizarre.

It does seem like there is basis for criminal proceedings. I would like to see someone do time for this, and I am only reading about it on a message board!

I just sent the documentation to my attorney this morning, so I anticipate I should hear something today. As for the local media, I contacted KETV in Omaha last week, but as of this morning they have shown no further interest. Perhaps these new revelations will pique their curiosity.

Right now I am angry. Not so much for myself, as I am fortunate enough to have the means to fight, but for all those people who had something similar happen and couldn't fight back. How many homes, how many dreams, how many futures have been stolen in this manner?

[Colin311]

I think you should have them contribute to this site.

[mt15]

Maybe this is bigger than the local media. Harry Shearer has done some shows on the way banks are mishandling mortgages, or my husband suggests you go all "60 Minutes" on them. (only half way kidding)

[keepoursaints]

Originally Posted by Blodaksen

CoreLogic subcontracted the job to a local outfit. On one of the signs taped to my door they identified themselves as "Real Estate Recovery Service," and listed a telephone number that I tracked to a Verizon subscriber in the Omaha metro. To date I have yet to find a listing for a business with that name in Omaha.

Yea that basically equates to "Fast Food Establishment".. that name couldn't be more vaque and untrackable if they tried. Oh wait

[keepoursaints]

Originally Posted by Flipx99

All is well that ends well.

Turn the other cheek.

Forgive and forget.

No harm, no foul.

Live and let live.

If someone keeps getting away with murder and not facing consequences they'll keep killing. What reason would they have for stopping?

[LKN H20Girl]

Originally Posted by Blodaksen

And now I know the "why." I purchased the home through a FHA loan because my Wells Fargo rep told me it was "better and easier than going through the VA." Frigging amazing...


http://fhadirect.hud.gov/offices/hsg...c/ml0831qa.pdf

Inspections
I1. Does the lender have 5 days to secure a property once the lender learns that the property
is vacant, but will have only 48 hours to secure if damages are reported?
A: Yes, for post-foreclosure cases, properties must be secured within 5 calendar days upon
vacancy determination. The lender must take action to remediate any imminent source of
property damage or health and safety hazard within 48 hours of the initial inspection. For
Page 2 of 6
http://www.hud.gov/offices/hsg/nsc/ml0831qa.pdf February 9, 2009
pre-foreclosure cases, the lender must secure the property within 15 business days (this
allows for mailer and/or door hanger responses), but must take action to remediate any
imminent source of property damage or health and safety hazard within 48 hours of the initial
inspection.
I2. If we have chronically delinquent borrowers that we may not have had a phone conversation
with but know they are in the home just as they have been for a number of years are
inspections every 25-35 days still required?
A: Yes. If there is no documented telephone contact with the mortgagor for any period of 25-35
days from the last contact or the last Occupancy Inspection, the Mortgagee shall conduct
another Occupancy Inspection.
I3. There are a number of borrowers who will not provide phone numbers, but mail is not
coming back indicating that someone is still in the property. Does the lender still have to
conduct an inspection?
A: Yes. Please refer to the previous question.
I4. Would an e-mail communication count as a contact?
A: No. The Department considers contact to be a phone call or letter. However, it is ultimately
the lenders responsibility to determine the occupancy status of a property and to preserve and
protect, so it is at the lender’s risk to not confirm occupancy.
I5. When conducting routine occupancy inspections, the property is found vacant. How may the
mortgagee identify this inspection for reimbursement purposes?
A: In some instances the initial inspection will take place on the same day as the occupancy
inspection. In these cases, the mortgagee may only claim the cost of the initial inspection.
The initial inspection report establishes the condition in which the mortgagee first found the
property.
I6. If the lender has contact with the defaulted borrower and they have explained why the house
is vacant, would the lender still be responsible for inspecting the property?
A: Yes. On-going vacant property inspections must be completed every 25-35 days. An
inspection affords the lender an opportunity to learn of any security breaches, vandalism or
damage. If any of these items go undetected, the property could further deteriorate, thereby
increasing its potential cost to correct the damages.
I7. Are Joint Pre-Conveyance Inspections required?
A: No. Pre-conveyance inspections are not required. However, the parties that have conducted
such joint inspections have found them mutually beneficial. Therefore, HUD strongly
recommends that whenever possible the M&M and the lender (through its property
preservation contractor) coordinate their efforts to conduct a joint pre-conveyance inspection.






So, basically, the sooner they break in and "secure" the property, the more they can be reimbursed by the gubment. What a racket.

But those cases sound like that's what happens when you are behind on your payments or in foreclosure, which wasn't your case.

[Blodaksen]

Originally Posted by LKN H20Girl

But those cases sound like that's what happens when you are behind on your payments or in foreclosure, which wasn't your case.

Second half of the first question,

For pre-foreclosure cases, the lender must secure the property within 15 business days (this allows for mailer and/or door hanger responses), but must take action to remediate any imminent source of property damage or health and safety hazard within 48 hours of the initial inspection.


And I found this interesting little link. Man, this is getting scary. I called HUD to report the alleged fraud, but the OIG pretty much blew me off.

WELLS WHISTLEBLOWER REVEALS BLACK HOLE FOR DOCUMENTS AND PROCEDURES | Foreclosure Fraud News.com

[LKN H20Girl]

Originally Posted by Blodaksen

Second half of the first question,

For pre-foreclosure cases, the lender must secure the property within 15 business days (this allows for mailer and/or door hanger responses), but must take action to remediate any imminent source of property damage or health and safety hazard within 48 hours of the initial inspection.


And I found this interesting little link. Man, this is getting scary. I called HUD to report the alleged fraud, but the OIG pretty much blew me off.

WELLS WHISTLEBLOWER REVEALS BLACK HOLE FOR DOCUMENTS AND PROCEDURES | Foreclosure Fraud News.com

But you weren't even in pre-foreclosure. Pre-foreclosure means that you are behind on your payments and they are beginning the foreclosure process on you. You were up-to-date on your payments so that is in good-standing.

[Blodaksen]

Originally Posted by LKN H20Girl

But you weren't even in pre-foreclosure. Pre-foreclosure means that you are behind on your payments and they are beginning the foreclosure process on you. You were up-to-date on your payments so that is in good-standing.

Ahhhh. Even more interesting. Then why the hell were they poking around my house?


Hmmm..... Apparently they have some software program that tracks certain demographics of mortgagees and identifies certain ones for inspections. This is getting very involved.

[keepoursaints]

Originally Posted by Blodaksen

Ahhhh. Even more interesting. Then why the hell were they poking around my house?


Hmmm..... Apparently they have some software program that tracks certain demographics of mortgagees and identifies certain ones for inspections. This is getting very involved.

Because they apparently do this all the time, but nobody has had the balls to stand up to them. See my post earlier about someone getting away with murder over and over.. why would they feel the need to stop if they never faced consequences?

[LKN H20Girl]

Originally Posted by Blodaksen

Ahhhh. Even more interesting. Then why the hell were they poking around my house?


Hmmm..... Apparently they have some software program that tracks certain demographics of mortgagees and identifies certain ones for inspections. This is getting very involved.

That was identified as a software program that scanned the loan modification documents into the system, then used an algorithm to determine which loan modification documents went through or which were "lost". Had you applied for a loan modification?

[Oye]

Originally Posted by Blodaksen

Ahhhh. Even more interesting. Then why the hell were they poking around my house?

Hmmm..... Apparently they have some software program that tracks certain demographics of mortgagees and identifies certain ones for inspections. This is getting very involved.

so many twists and turns and real estate intrigue!

[LKN H20Girl]

Someone earlier mentioned having to have a business license. In the state of Nebraska there are two that could be the company. https://www.nebraska.gov/sos/corp/corpsearch.cgi

But this one most likely - https://www.nebraska.gov/sos/corp/co...number=1656881

[jbourque]

Question: Can your home be considered pre-foreclosure if it is deemed vacant?