Reply
Frequent Contributor
Posts: 351
Registered: ‎09-23-2011
0

Wells Fargo and 2009 Deed in Lieu...

Hello family!!!  I am going to shoot from the hip on this one....I am in the Navy, and in 2008, I wanted to do a short sale of my home.  Well, WF denied the sale, stating the sale amount was in the best interest for them.  I then realize that I could not maintain the home while I was station in Californian (home in NC) and wanted to do a deed in lieu.  Wellll, WF informed me that before they would grant a DIL, I had to be 120 days late on the mortgage before they would talk to me.  Ok, not being "MYFICO" savvy as I am now, I went past 120 days for them to denied me again, only for them to finally approving my DIL. 

 

Now, the DIL took place FEB 2009, and it still shows on my report that the current status says: 120 days past due.  Also, I keep hearing of class action lawsuits against WF for owners who were in similar patterns as I was.  Should I pursue WF to remove the status and have it reflect "closed" or to remove the trade line (which I doubt).  And by the way, the amount I wanted to short sale the home for....WF sold it for that amount after the DIL went through. 

 

Thanks Fam!!!

11/15/13 EX 685(MY FICO) EQ 657(MY FICO) TU 659 (MY FICO).
Valued Contributor
Posts: 3,302
Registered: ‎06-09-2010
0

Re: Wells Fargo and 2009 Deed in Lieu...

You have nothing to lose to try.

 

You may want to consult an Attorney with a FREE consultation to see if you have any recourse.

Good Luck
May all your dreams and wishes become a reality!
Member
Posts: 5
Registered: ‎07-17-2012
0

Re: Wells Fargo and 2009 Deed in Lieu...

[ Edited ]

birjest,

Go to the top--nothing to lose.  I am sure he would not want bad press from someone serving!

 

M*** H***, President 
Wells Fargo Home Mortgage
P.O. Box 10335 
Des Moines, IA 50306-0335
edited

 

 

Edited to remove someone else's info, which isn't allowed to be posted on here.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.