From a member of our “Families Fighting Foreclosure” group:

Working with Wells Fargo is nothing short of insane. I came home last night to a note stuck on my door, my name misspelled, no envelope, no signature by whomever left it. It was from Wells Fargo. A good breeze would have blown it away and I would never have seen it.

Immediately, I called the 800 number on this wrinkled notice. After going through the general annoying questions (name, address, phone number, loan number), the Wells person asked “Are you planning on keeping your home.” What nerve. My response to that always is:

That is up to Wells Fargo. I’ve been requesting a loan modification since December 2009 and we’ve made no headway.

The Wells person said someone “just came by to verify that you live there.”

And they said that my file has been sent to yet another department to “propose a solution if the lenders are willing to negotiate . . . ”

I’m 16-months into this and it’s the same old stuff . . .

So, I asked the very nice lady if she was taking notes. She said, “yes.” I said, then would you please type in the following:

1. I have a 5-inch thick binder detailing every conversation with Wells Fargo and with copies of every piece of paper sent by the bank (pictured above). It clearly indicates how inept their operations are.
2. I have contacted the FBI with regard to Wells Fargo/HSBC and money laundering.
3. I have contacted the Comptroller of the Current re the same issue.
4. Copies of those letters were sent to various government officials, newspapers, etc.
5. I can fix this problem for Wells Fargo: My loan (along with everyone else’s) has been discounted and sold repeatedly. Someone probably has it now for something like $400,000. So I recommend that Wells Fargo buy back that note, negotiate a loan modification with me in good faith, and once that it done, go sell it again if Wells wants to do so.
6. I no longer accept that whomever holds the note may not want to negotiate. That is Wells Fargo’s problem. Not mine. I took out my loan with Wells Fargo. I thought they were a good banking institution. I like the horses they give as gifts — I have two of them. However, I now consider that bank a mess . . . along with a few others.
7. I am working with a group of about 200 taxpaying, voting families representing all ethnic groups, all ages, and all professions with more than $140 million in real estate loans. These people, collectively, have the power to turn away BILLIONS OF DOLLARS from these lending institutions who are holding us hostage with their inept systems.

She sounded amused, took down the notes, said she was sorry about all this, etc.

She assured me that Wells Fargo does not want my house, so I repeated #4. She said it might be difficult because there were several lenders on my note. I again explained, “not my problem and I have just offered you an excellent solution.” I also said that Wells isn’t going to lose money no matter what they do, so what do they care how it works out. They are covered with taxpayer dollars on all fronts.

Most interesting during our conversation was the comment about “several lenders, which means the note has been fragmented and that seems to mean that no one will have clear title — other than me. So I may end up with my home anyway.

I also said, “if you really want my house, you can have it. However, in that case, I would like $3 million from Wells Fargo to help me recover from this trauma and buy a new house — which I would have to pay cash for ’cause now my credit is ruined.”

Laster today, I’m calling an attorney recommended by a Broker/friend who used to appear in court as a witness against these questionable transactions.

I absolutely do not want to go this route, but after 16 months of this “game,” and having watched people in our Families Fighting Foreclosure group face the same treatment from Wells Fargo (30% of us), Litton, Aurora, Indymac/One West, Chase, etc., it is clear that lenders are not going to cooperate . . . NONE of them are doing a good job with any modification and they are all reportedly stockpiling money, some of it apparently offshore.