Consumer complaint received 2015-07-31
Company: WELLS FARGO & COMPANY
State: FL
Product: Mortgage
Sub-product: Other mortgage
Issue: Loan modification,collection,foreclosure

Complaint:
On XXXX XXXX, I received a copy of the response from Wellsfargo to Attorney General XXXX XXXX about my wrongful foreclosure. I disagree with their explanation. The property in question, located at XXXX XXXX XXXX, XXXX, XXXX, FL XXXX, was my residence, my place of employment, and the only real state property I owned in the USA. 

Wellsfargo " did not strives to work with the borrower '', in this case, XXXX XXXX XXXX XXXX XXXX and I. The property was a XXXX preconstruction purchase. It took a year and a half to move in, closing on XXXX XXXX, with a 15 years SBA loan of {$170.00}. I argue the lender was aware of the declining real estate market and created a mortgage on XXXX XXXX, based on an inflated market value. I object about them acquiring my property with a certificate of title and deed. Although the sale was a legal transaction, the way it was acquired was fraudulent. Wellsfargo was asking full payment of the inflated market value, and took the property out of bankruptcy protection because they had such certificate of title. 

Wellsfargo alleges their record shows they provided assistance to me on XXXX and XXXX. Incorrect! Early XXXX, I contacted Wellsfargo requesting a lower interest or principal reduction. Both were denied, giving only a principal differed payment of two months ( not five ) with no late fee. I took money out of retirement to pay XXXX combined payment for both months, bringing account up-to-date ( interest only payment ). Wachovia or Wellsfargo did not provide any assistance in XXXX. Also, Wellsfargo is incorrect about me not providing the paperwork to them ; I provided all the personal and financial statements the lender requested in XXXX. Additionally, in late XXXX, I cooperated with lenders request of financial statements, but Wellsfargo refused to do a principal reduction or interest reduction. After a phone conversation with XXXX WellsFargo 's employees, they threatened to go after the retirement account if I did not pay in full the unpaid balance of {$150000.00}. By XXXX XXXX, I had paid Wellsfargo more than what the property is worth, {$76000.00} in monthly payments, {$39000.00} down-payment, plus {$10000.00} closing cost, {$14000.00} in property taxes, and {$12000.00} in condominium fee. Also, the property appraisal office had the unit valued around {$66000.00} in XXXX. Additionally, I invested {$30000.00} to move in because the {$190000.00} original sale was mostly in raw construction. 
On XXXX XXXX, XXXX the bank started the process of foreclosure aware of the reduced market value, and still refusing to do any modification. The bank " LOST '' THE ORIGINAL PAPERWORK, and to their advantage created new ones, adding my husband at the time XXXX XXXX ; whom was not in the original closing with Wachovia, or has ever been part of the corporation. XXXX hired an attorney and filed for divorce because Wellsfargo dragged him into a foreclosure and was threatening his retirement account. 
As a last resource, I filed for the protection of Chapter XXXX bankruptcy on XXXX XXXX, XXXX. While in chapter XXXX, on XXXX XXXX, XXXX XXXX XXXX, Wellsfargo had a final notice of eviction/execution noticed taped to my door, evicting me on XXXX XXXX, XXXX. 

There are more details that I can not add because of lack of space here.

Company public response: Company chooses not to provide a public response
Company response to consumer: Closed with explanation