Nestor and his wife have been working for months to buy a house listed as being a short sale. They even bought new furniture and kitchen appliances for it in expectation, stowing the items in their garage. They had finally gotten approved and were making moving plans. Then at the last moment, Wells Fargo decided they’d rather not take Nestor’s money and would prefer to foreclose instead. [More]
short sale
Home Buyer Takes Consumerist Hive Mind Advice, Emerges Victorious
By 7.23.10
Remember Frank? He asked Consumerist readers for advice about his short-sale purchase of a house gone terribly, terribly wrong. He’s back, with an update! As you may recall, the hive mind advised him to walk away from the deal. Better yet, run away. Or drive away in a supercharged muscle car. Frank writes that he took this advice to heart, and emerged victorious. But not in the way you might expect. [More]
Bank of America Screws Even Ex-Employees Of 21 Years On Mortgages
By 2.8.10
How many different ways can you screw a man? Vince couldn’t make his Bank of America mortgage, because they fired him after 21 years of service in the due diligence department. Even after he did a short sale 5 months ago, Bank of America still hasn’t cleared it off their books. Now the illegal debt collection calls start. Is new CEO Brian Moynihan powerless to stop his own company from shaking down its own employees? Let’s find out! [More]
