If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(WTKR)   Wells Fargo kindly offers to help man facing foreclosure after reporter points out they were the one screwing him over to begin with   (wtkr.com) divider line 27
    More: Stupid, Wells Fargo, Williamsburg, Newport News Public Schools, foreclosures  
•       •       •

2220 clicks; posted to Business » on 22 Jun 2013 at 12:24 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



27 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2013-06-22 10:49:25 AM
These mistakes are inexcusable and should be shouted from the rooftops. Why? Because it's our money, not theirs.
 
2013-06-22 11:28:15 AM

NewportBarGuy: These mistakes are inexcusable and should be shouted from the rooftops. Why? Because it's our money, not theirs.


You'll get charged with the 'accidental foreclosure' fee and 'shouting' fee and 'rooftop' fee
 
2013-06-22 11:29:33 AM
img.fark.net appears to be totally dominating the noon hour here on Fark.
 
2013-06-22 11:31:15 AM
i369.photobucket.com
 
2013-06-22 11:35:01 AM
I joined a credit union as soon as i was eligible and I've never looked back.  Large corporate banks like Wells Fargo or Chase or Bank of America view individual accounts as nuisances and just look for any excuse to rape them for bullshiat fees at any opportunity.

And if those account holders do leave, fine.  Wells Fargo isn't gonna weep about losing your savings account with $50 in it or even your car loan when they've got billions of dollars in derivatives to help shuffle around.
 
2013-06-22 12:31:05 PM
Stephen Colbert had the best take on this -- "It's like being a meth dealer... who's also a dentist."
 
ZAZ [TotalFark]
2013-06-22 12:35:53 PM
Get it in writing.
 
2013-06-22 01:14:31 PM
I've never used Wells Fargo, but every friend, relative, and co-worker I know who has used them has a similar horror story.  I've heard more bad stories about them than I have my own bank, and I use BOA!
 
2013-06-22 01:40:53 PM
yeah, a bank calls and offers to 'help' you

what DO you do?
what DO you do??
 
2013-06-22 03:27:02 PM
It's hard to feel sorry for anybody that willingly does business with Wells Fargo or BofA. They're both pretty well known for doing crap like this.
 
2013-06-22 03:52:25 PM

NewportBarGuy: These mistakes are inexcusable and should be shouted from the rooftops. Why? Because it's our money, not theirs.


They aren't mistakes... they are consequences of incentivizing foreclosures to people within the bank.

http://www.nbcnews.com/business/suit-bank-america-paid-bonuses-forec lo sures-6C10351458

The reality (sadly) is that banks can make more money off of foreclosing than they can off of a well-maintained mortgage, so they've gotten into the slimeball game of trying to dupe their own customers into doing things that will ruin the rest of their life financially. These fraudsters ought to be in jail, but instead we give them more tax "relief" because they're job creators or some such nonsense.
 
2013-06-22 03:54:38 PM

The DBS: It's hard to feel sorry for anybody that willingly does business with Wells Fargo or BofA. They're both pretty well known for doing crap like this.


To be fair, many of the people  "doing business" with those two banks now initially got mortgages or loans through other banks, then BoA and Wells Fargo bought the debts with the intention of maximizing profits by selling the houses instead of waiting on the mortgage to be paid as agreed.
 
2013-06-22 04:13:07 PM
" If you see a man approaching you with the obvious intent of doing you good, run for your life." Henry DavidThoreau

"By the end of the day, they called Mr. Graves and gave him a new mortgage specialist to work with, since his wouldn't return calls."

All they did was change the name in the voicemail greeting.  "Damon Blackmon" doesn't exist.
 
2013-06-22 08:08:57 PM
"Give a man a gun he can rob a bank. Give a man a bank and he can rob the world." -- Anonymous
 
2013-06-22 08:14:16 PM
Oh for Christ's sake.

Banks deal with millions of people and these mistakes happen. It eventually gets fixed and if it doesn't, the bank gets sued and the unlucky homeowner gets a few hundred thousand dollars.

American banks have millions of employees that handle trillions of transactions for billions of accounts. Mistakes will happen.
 
2013-06-22 08:29:43 PM

Randomly: Oh for Christ's sake.

Banks deal with millions of people and these mistakes happen. It eventually gets fixed and if it doesn't, the bank gets sued and the unlucky homeowner gets a few hundred thousand dollars.

American banks have millions of employees that handle trillions of transactions for billions of accounts. Mistakes will happen.


img.fark.net
 
2013-06-22 09:27:56 PM

Randomly: Oh for Christ's sake.

Banks deal with millions of people and these mistakes happen. It eventually gets fixed and if it doesn't, the bank gets sued and the unlucky homeowner gets a few hundred thousand dollars.

American banks have millions of employees that handle trillions of transactions for billions of accounts. Mistakes will happen.


You're next on the list of egregious banker's mistakes.
 
2013-06-22 11:43:19 PM
If so, I'll call the bank's 'executive complaint group' instead of Channel 5.  Every major company has one and ultimately, its who the news people call to get things done.

Seriously.  Next time any major company screws you over, ask for a manager.  If they don't fix, ask for their manager.  Or go put on a bikini and do hands stands on the beach.
 
2013-06-23 12:59:19 AM
I'm finding it difficult to generate much sympathy or outrage on his behalf. The first line of the article makes mention that he is a veteran and a school teacher - so what? This should be wrong regardless of the person's military status or profession.

The reason I can't be sympathetic or outraged is because of his stupidity (if the article has presented all of the facts). He takes a verbal contract modification over the telephone and doesn't request the modification be made in writing? I'm sorry but I don't F*ck around with my mortgage. If the payment is due on the fifth then it is submitted well in advance of the fifth. I'm not taking the word of an unsolicited phone call representative who says I can defer my payments for 90 days! Did this genious give any thought to what would happen if a problem developed? A verbal modification to an existing contract without any witnesses? Sorry - he doesn't get a pass on this. Now if the article is incomplete and he does have a written contract modification then I hope he takes the bank to the cleaners. But looking at the video and his background - I think it would be safe to believe he didn't think through this potential problem before he decided to forego submitting his payments for 90 days.
 
2013-06-23 02:08:06 AM

Winston Smith '84: I'm finding it difficult to generate much sympathy or outrage on his behalf. The first line of the article makes mention that he is a veteran and a school teacher - so what? This should be wrong regardless of the person's military status or profession.

The reason I can't be sympathetic or outraged is because of his stupidity (if the article has presented all of the facts). He takes a verbal contract modification over the telephone and doesn't request the modification be made in writing? I'm sorry but I don't F*ck around with my mortgage. If the payment is due on the fifth then it is submitted well in advance of the fifth. I'm not taking the word of an unsolicited phone call representative who says I can defer my payments for 90 days! Did this genious give any thought to what would happen if a problem developed? A verbal modification to an existing contract without any witnesses? Sorry - he doesn't get a pass on this. Now if the article is incomplete and he does have a written contract modification then I hope he takes the bank to the cleaners. But looking at the video and his background - I think it would be safe to believe he didn't think through this potential problem before he decided to forego submitting his payments for 90 days.


So you learned all this stuff about mortgages, contracts, and loan mods in public school, right?
 
2013-06-23 07:50:37 AM
Many moons ago I worked in mortgage collections.  This sort of thing happens all the time, especially when someone refinances with another bank.  The other bank will sometimes tell the customer to stop paying while the refi goes through. DON'T DO IT!  Keep paying, the $$ still gets applied to your loan so your not out any money.  Secondly, this guy should have gotten something in writing, making his moratorium all official and whatnot right?  If not then I have little sympathy.  Always, always, always, always, get things in writing.


/always
 
2013-06-23 10:55:47 AM

firefly212: The DBS: It's hard to feel sorry for anybody that willingly does business with Wells Fargo or BofA. They're both pretty well known for doing crap like this.

To be fair, many of the people  "doing business" with those two banks now initially got mortgages or loans through other banks, then BoA and Wells Fargo bought the debts with the intention of maximizing profits by selling the houses instead of waiting on the mortgage to be paid as agreed.


This. I refinanced to get away from WF (after refinancing to get away from BofA a couple of years before) with a bank who swore up and down the entire time that they kept their mortgages, and they absolutely did NOT sell them. I even did as much research as I knew how to do to find out whether they were lying to me. Knew we were screwed a month later when I got my "Welcome to your new BofA mortgage!" packet in the mail.

\The old house is now a trashed hangout for the neighborhood "bad" kids after sitting empty for the last three years. Good luck making money on that one.
 
2013-06-23 11:30:34 AM

Randomly: If so, I'll call the bank's 'executive complaint group' instead of Channel 5.  Every major company has one and ultimately, its who the news people call to get things done.

Seriously.  Next time any major company screws you over, ask for a manager.  If they don't fix, ask for their manager.  Or go put on a bikini and do hands stands on the beach.


Long ago, I wrote a short piece for The Netly News, then a tiny Web experiment of Time, Inc.  Three months later, I  was still getting the runaround about payment.  Editor claimed he didn't even know the phone number of Accounts Payable.  "I keep emailing but they never reply."

So I called the Chairman of Time, Inc.  Didn't reach him, of course.  But I got his executive assistant, an elegant-sounding British lady who was "simply appalled"  by the way I was being treated.

FedEx delivered a $100 check before 10:30 the next morning.
 
2013-06-23 11:41:20 AM

nmemkha: Winston Smith '84: I'm finding it difficult to generate much sympathy or outrage on his behalf. The first line of the article makes mention that he is a veteran and a school teacher - so what? This should be wrong regardless of the person's military status or profession.

The reason I can't be sympathetic or outraged is because of his stupidity (if the article has presented all of the facts). He takes a verbal contract modification over the telephone and doesn't request the modification be made in writing? I'm sorry but I don't F*ck around with my mortgage. If the payment is due on the fifth then it is submitted well in advance of the fifth. I'm not taking the word of an unsolicited phone call representative who says I can defer my payments for 90 days! Did this genious give any thought to what would happen if a problem developed? A verbal modification to an existing contract without any witnesses? Sorry - he doesn't get a pass on this. Now if the article is incomplete and he does have a written contract modification then I hope he takes the bank to the cleaners. But looking at the video and his background - I think it would be safe to believe he didn't think through this potential problem before he decided to forego submitting his payments for 90 days.

So you learned all this stuff about mortgages, contracts, and loan mods in public school, right?


You can learn the important part by watching Judge Judy on any weekday afternoon.  It goes for dealings with friends, relatives, and booty calls, too.
 
2013-06-23 12:14:07 PM

BarkingUnicorn: All they did was change the name in the voicemail greeting.  "Damon Blackmon" doesn't exist.


That's right, blame the Blackmon.
 
2013-06-23 01:43:15 PM

BarkingUnicorn: nmemkha: Winston Smith '84: I'm finding it difficult to generate much sympathy or outrage on his behalf. The first line of the article makes mention that he is a veteran and a school teacher - so what? This should be wrong regardless of the person's military status or profession.

The reason I can't be sympathetic or outraged is because of his stupidity (if the article has presented all of the facts). He takes a verbal contract modification over the telephone and doesn't request the modification be made in writing? I'm sorry but I don't F*ck around with my mortgage. If the payment is due on the fifth then it is submitted well in advance of the fifth. I'm not taking the word of an unsolicited phone call representative who says I can defer my payments for 90 days! Did this genious give any thought to what would happen if a problem developed? A verbal modification to an existing contract without any witnesses? Sorry - he doesn't get a pass on this. Now if the article is incomplete and he does have a written contract modification then I hope he takes the bank to the cleaners. But looking at the video and his background - I think it would be safe to believe he didn't think through this potential problem before he decided to forego submitting his payments for 90 days.

So you learned all this stuff about mortgages, contracts, and loan mods in public school, right?

You can learn the important part by watching Judge Judy on any weekday afternoon.  It goes for dealings with friends, relatives, and booty calls, too.


Yes a scripted TV show is reality *eye roll*

When it a Schmuck v. a Bank is more like a prison rape gang bang video starring the Schmuck as the unwitting star.
 
2013-06-23 01:57:39 PM

Chevello: firefly212: The DBS: It's hard to feel sorry for anybody that willingly does business with Wells Fargo or BofA. They're both pretty well known for doing crap like this.

To be fair, many of the people  "doing business" with those two banks now initially got mortgages or loans through other banks, then BoA and Wells Fargo bought the debts with the intention of maximizing profits by selling the houses instead of waiting on the mortgage to be paid as agreed.

This. I refinanced to get away from WF (after refinancing to get away from BofA a couple of years before) with a bank who swore up and down the entire time that they kept their mortgages, and they absolutely did NOT sell them. I even did as much research as I knew how to do to find out whether they were lying to me. Knew we were screwed a month later when I got my "Welcome to your new BofA mortgage!" packet in the mail.

\The old house is now a trashed hangout for the neighborhood "bad" kids after sitting empty for the last three years. Good luck making money on that one.


You refinanced to get away from a bank?  You spent thousands of dollars to stop doing business with a company?  Then you did it again to get away from another bank?  Then your house was foreclosed on? Then it was trashed?

Your problems were you couldn't make the payment on time and that you're unwilling to accept responsibility for your failures so you blame this boogie man bank that dared to lend you hundreds of thousands of dollars so you could own a home.

So you think the bank, your neighbors, and your family learned a lesson by letting your name, reputation, and credit be tarnished by foreclosure?  Your right.  The lesson was that you are a bad investment, can't be trusted with money, and have no sense of responsibility.
 
Displayed 27 of 27 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report