Credit in the News

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Regular Contributor
m29
Posts: 109
Registered: ‎08-30-2011

This story is so sad!!:( Wells Fargo!!!!

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‎05-22-2012 04:47 PM - edited ‎05-22-2012 05:11 PM

http://gma.yahoo.com/california-man-commits-suicide-foreclosure-171839159--abc-news-money.html

 

 

This is devastating to me!!! I can not beleive what kind of world that this has become!!! Money hungry Banks, polititians, government!! Pretty sad that a HUMAN life had to end from all the pressure!! What ever happened to Compassion??? Now a days it is just bottom dollar!!

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cassembler
Posts: 470
Registered: ‎02-07-2011

Re: This story is so sad!!:( Wells Fargo!!!!

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‎05-22-2012 05:10 PM - edited ‎05-22-2012 05:16 PM

Good lord that's tragic. Thoughts out to the family.

 

But to your point, the story doesn't exactly go into detail about the personal lives of these folks... There is always more to it than the printed word.

 

Edited for several dozen reasons...

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m29
Posts: 109
Registered: ‎08-30-2011

Re: This story is so sad!!:( Wells Fargo!!!!

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‎05-22-2012 05:36 PM

I agree!! There, I am sure, is way more to the story, but the economic crisis is a HUGE factor in many of the suicides I have been reading about lately!! 

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drkaje
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Registered: ‎07-25-2008

Re: This story is so sad!!:( Wells Fargo!!!!

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‎05-23-2012 05:51 AM

Why won't banks do a mod until there are late payments? Is it just to tack on fees out of greed?

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thrasher865
Posts: 1,163
Registered: ‎05-21-2008

Re: This story is so sad!!:( Wells Fargo!!!!

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‎05-23-2012 07:50 AM

drkaje wrote:

Why won't banks do a mod until there are late payments? Is it just to tack on fees out of greed?

My guess would be that anyone approaching a bad financial situation requests modification.  They must figure that people are going to try to remain current, and only risk falling behind to get a modification if they have no other choice.

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