Wells Fargo Forecloses On Homeowner Who Made Payments Too Early

Not just too early. This homeowner also overpaid. But alas…

Palm Coast, FL – May 17, 2013 – A homeowner in Orlando is confused, and with good reason. He says he not only made his mortgage payments on time to Wells Fargo, but that he sometimes paid early and sometimes paid more than he was supposed to. And yet, the bank decided to foreclose on his home.
Be sure to watch the video.
Read the whole story at Consumerist
1 reply
  1. Cyd Weeks
    Cyd Weeks says:

    loan modification

    I also did a mod through another bank. I’m also not allowed to pay more than the required payment aka pay off early, even in little bits. I forfeit my privilege of having gotten a modification to begin with. I’m assuming the idea behind the whole thing is that if you can afford to pay more than your modified loan amount you probably could have paid the original amount to begin with. Hope it works out for the gentleman.

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