Mortgage Forum

Mike · May 4th, 2008, 11:33 PM

We just found out our mortgage company Wells Fargo raised our monthly payment $77.00 and forgot to mention it to us. Now even thought we have paid the monthly payments, they have put us in foreclosure for not making the full payment counting it as only a partial. Please help

Zino · May 6th, 2008, 08:47 PM

Quote:

Originally Posted by Mike

We just found out our mortgage company Wells Fargo raised our monthly payment $77.00 and forgot to mention it to us. Now even thought we have paid the monthly payments, they have put us in foreclosure for not making the full payment counting it as only a partial. Please help

They need to provide documentation to you in writing regarding the rise in your monthly mortgage payment to make it binding. They can't just change your payment structuring and not advise you.

First thing i'd do is ask for a copy of all documents relating to the mortgage payment raise and go from there.

rachael24 · May 7th, 2008, 08:44 AM

Agreed...the only thing you can really do is get a copy of the paperwork. Let us know when you have an update

chase1 · May 13th, 2008, 11:58 AM

Help.
How do I find out a Beneficary name on a contract, I belive it to false. I have the name..Mortgage Electronic Registration systems inc and the loan number is POR004234.. I just don"t want to get screwed

Mike · May 15th, 2008, 08:48 PM

They said they sent notification but when asked for copies of the paperwork they couldn't find it.

I guess my friend need to consult a lawyer.

Thank you all for the valuable help.

May 4th, 2008, 11:33 PM	#1
Mike Senior Member Join Date: Apr 2008 Posts: 648	Help We just found out our mortgage company Wells Fargo raised our monthly payment $77.00 and forgot to mention it to us. Now even thought we have paid the monthly payments, they have put us in foreclosure for not making the full payment counting it as only a partial. Please help

May 7th, 2008, 08:44 AM	#3
rachael24 Member Join Date: May 2008 Location: Binghamton, NY Posts: 43	Agreed...the only thing you can really do is get a copy of the paperwork. Let us know when you have an update __________________ Recent college graduate with a credit consolidation concentration.

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May 13th, 2008, 11:58 AM	#4
chase1 Junior Member Join Date: May 2008 Location: AZ Posts: 2	Help. How do I find out a Beneficary name on a contract, I belive it to false. I have the name..Mortgage Electronic Registration systems inc and the loan number is POR004234.. I just don"t want to get screwed

May 15th, 2008, 08:48 PM	#5
Mike Senior Member Join Date: Apr 2008 Posts: 648	They said they sent notification but when asked for copies of the paperwork they couldn't find it. I guess my friend need to consult a lawyer. Thank you all for the valuable help.