Wells Fargo bank stops taking payments from man who paid on time and early and begins foreclosing hi - Polidicks

[quote]ORLANDO, Fla. — A man who made loan modification payments on time and early said Wells Fargo stopped taking payments and started foreclosing on his house. Etienne Syldor said he's worked his whole life for a home in Orlando for his wife and three children. Syldor is an immigrant from Haiti and a bus driver at Walt Disney World. At times, he said he has worked multiple jobs to make sure he never missed a mortgage payment.[/quote] [url]http://www.wftv.com/news/news/local/wells-fargo-bank-foreclosing-orlando-man-who-paid-/nXsMr/[/url]

That's fucking disgusting, hopefully he can fight this and win.

If he always pays on time and never misses a payment, what the fuck is Wells thinking doing this, can't they be sued for this or something?

[quote]Wells Fargo went on to say since Eyewitness News called, it now plans to reach out to Syldor to help him.[/quote] So they're essentially admitting they were going to fuck him over, and the only reason they going to help him is their douchebaggery was exposed. [B][I]THIS[/I][/B] is why banks suck. Credit unions fo' life. My avatar fits my reaction to this perfectly.

[QUOTE]"For some loans, completing trial payments is a significant step toward a permanent modification; however, in this instance, the loan was part of a mortgage-backed security and in a protected pool, with specific payment guidelines. We are working with Mr. Syldor to explain the guidelines and explore options that may help." [/QUOTE] I hate how business Jargon is just thrown around to justify their actions. [QUOTE]The bank told Eyewitness News Syldor didn't follow the modification guidelines because he paid early and sometimes his payments were sent one on top of the other.[/QUOTE] [del]Go fuck yourself Wells Fargo Bank.[/del]. If corporations are people than they're pretty awful people.

My mom told me abut this after her personal/family accounts were wiped clean. They supposedly have a legitimate reason for doing so (long, sad story involving an ugly loan modification and the ultimate foreclosure of my house), but they have yet to prove that what they did was legal. Fuck Wells Fargo...

[img]http://i.stack.imgur.com/NzKGj.png[/img]

Fuck Wells Fargo. I went in to cash a large check for my boss once, they spent almost an hour trying to talk me into depositing the money into an account instead of cashing it even though it wasn't my money. Verifying the check and cashing the check took another two hours. Then when I finally went to leave, they refused to give me pouches for the money since 'I wasn't a client there', meaning I had to walk out of the bank with ~50,000 dollars stuffed into my pockets. They're an awful bank with awful practices.

[url=http://en.wikipedia.org/wiki/Wells_Fargo#Controversies]They're no stranger to controversies[/url]

he was in a special program that required he pay on the due date and only the amount due. what should have happened is that the bank calls him up and explains things instead of shutting it all down and trying to take his home away

Bank of America did this exact same thing with my family when they foreclosed on our house, shortly after my parents took out a loan and remodeled it, and put an extra room on. They started sending our payments back to us, and then we kept trying to get a hold of them to figure out why they where doing it. And every time we would contact them, they'd constantly move us between an office in Texas and California, and it took them forever to get back to us, or send us anything. Eventually, they told us they where going to foreclose on our house because we weren't sending in our payments. And, once again, every time we tried to contact them we got pussy footed around. Time to time, they'd want us to send in paperwork to both offices, and then of course, one of the offices wouldn't get them, and we'd have to resend both of them in. One time, they moved one of the offices, so we had to start the process over again. They even called us at one point and told us if we paid twice as much on our payments, there was a "chance" that we could keep our house. Once, right before they foreclosed on our house, they offered to sell it back to us, and even after we had moved out, they called us again and tried to sell our house back to us. It's absolutely disgusting they can do this shit. Although, when we moved out, we took everything we could out of the house, from ceiling fans to the toilets. We remodeled the house, so everything we bought, we could legally take. :v: and the shit we couldn't take, like our granite counter tops, we pulled off and busted up in the back yard.

I left Wells fargo when i opened an account with them from 14-18 (Before merger with Wachovia). I applied for a credit card after having a checking account and savings under them for 4 years. They declined me for a card so i took all my money and left to my local bank. They gave me a credit limit of 1,000$. Double what capital one gave me a month before hand. They all know me by name, keep up with the local news (Aka my campaign). Even involved with local community events and sponsoring city events. You know, I'd hate to say the big bank's are bad. But hell, A lot of them are bad and untrust worthy. I like the respectable local banks.

[quote]The bank told Eyewitness News Syldor didn't follow the modification guidelines because he paid early and sometimes his payments were sent one on top of the other.[/quote] Oh, we can't take [i]this[/i] guy's house for failing to pay... so we'll take it for paying too often!!

What the fuck. How is that in any way legal, couldn't you just take them to court for refusing your money in the first place?

[QUOTE=ijyt;40750098]What the fuck. How is that in any way legal, couldn't you just take them to court for refusing your money in the first place?[/QUOTE] Because Too big to Fail. None of these bastards will ever get prosecuted because it seems no-one knows how to circumvent the financial system and just fucking send them to trial.

[QUOTE=ShaunOfTheLive;40750085]Oh, we can't take [i]this[/i] guy's house for failing to pay... so we'll take it for paying too often!![/QUOTE] I remember a while back, People were protesting bank of america by sending in 1$ checks. So if your minimum payment was 40$ you'd send 40 of them. If everyone did it that month there office would be literally bogged down completely from it.

[quote]The bank told Eyewitness News Syldor didn't follow the modification guidelines because he paid early and sometimes his payments were sent one on top of the other. [/quote] So it's a bad thing to pay early nowadays, good to know.

Wells fargo pulled some shit where if you pull out money too many times from your savings account a month, they charge you $10 every time you pull over the limit. I pulled out twice over the limit. I was never told of what the limit was beforehand, and i was informed of the problem by mail. No, not email, thats too fast. They literally sent me a fucking letter. So that i can continue pulling money unaware that theyre sneaking money out of my account, while they send word through the slowest form of information transmission they have access too. I was pissed

So EA deserved worst company rather than Wells Fargo shit like this? Okay, good to know the internet has its priorities straight.

[QUOTE=bob4life;40750317]Wells fargo pulled some shit where if you pull out money too many times from your savings account a month, they charge you $10 every time you pull over the limit. I pulled out twice over the limit.[/QUOTE] Many banks do this. I have a limit of 3 withdraws from my savings account per month or they start charging penalties. The problem here was that the man wasn't abiding by the terms of his loan. When you get a loan from a bank and the terms are that you pay X amount per month within a fixed period, you're expected to pay X during that fixed period. If you start paying more than the payment amount or paying early, it fucks with the banks books and causes them grief and lost revenue. This is why they bit the guy in the ass, and while it was a dick thing to do, it was probably written in size 0.5 font on the loan contract that they were allowed to repo his house. I feel sorry for the guy. But when you deal with banks, you have to play by their rules, whether you like it or not.

[QUOTE=GiGaBiTe;40750544]Many banks do this. I have a limit of 3 withdraws from my savings account per month or they start charging penalties. The problem here was that the man wasn't abiding by the terms of his loan. When you get a loan from a bank and the terms are that you pay X amount per month within a fixed period, you're expected to pay X during that fixed period. If you start paying more than the payment amount or paying early, it fucks with the banks books and causes them grief and lost revenue. This is why they bit the guy in the ass, and while it was a dick thing to do, it was probably written in size 0.5 font on the loan contract that they were allowed to repo his house. I feel sorry for the guy. But when you deal with banks, you have to play by their rules, whether you like it or not.[/QUOTE] So why the fuck are we following rules based on fine print economics instead of common sense and ethics? You get a loan, you pay it back. Past that nothing is/should be owed further. (Please don't get me wrong, I'm not angry towards you, you brought up a valid point)

[QUOTE=Zenreon117;40750556]So why the fuck are we following rules based on fine print economics instead of common sense and ethics?[/QUOTE] Welcome to the banking system of the United States. Shitting on the poor and misinformed since forever.

[QUOTE=GiGaBiTe;40750584]Welcome to the banking system of the United States. Shitting on the poor and misinformed since forever.[/QUOTE] Long live the megabanks! May their majesty have mercy upon us..... Or we could do something..

[QUOTE=Zenreon117;40750595]Long live the megabanks! May their majesty have mercy upon us..... Or we could do something..[/QUOTE] Yes, use a credit union or try not using banks? Not much else to do.

[QUOTE=Fetret;40750628]Yes, use a credit union or try not using banks? Not much else to do.[/QUOTE] If only 'Occupy' had the organization back when we had the people in the streets. In Vancouver where I was there were people getting locked inside the bank en mass when they went to close their bank accounts. Then the police were called and they were arrested.

[QUOTE=Zenreon117;40750556]So why the fuck are we following rules based on fine print economics instead of common sense and ethics?[/quote] Because reverting to common sense and ethnics brings us to medieval economic thought. Sad to say that its true. "Common sense" just leads to (at best) a stagnant economy, arbitrary and pointless controls on the free movement of goods, people, and services, plus a horrible growth in the money supply and shitty interest rates. [quote]You get a loan, you pay it back. Past that nothing is/should be owed further.[/QUOTE] What about interest?

This is the kind of shit that makes me genuinely afraid to take out a loan for school. I'm fucking sick of the banks in this country and no one seems to see the gimmick behind a loan. They are the mob, I swear.

[QUOTE=J!NX;40750944]This is the kind of shit that makes me genuinely afraid to take out a loan for school. I'm fucking sick of the banks in this country and no one seems to see the gimmick behind a loan. They are the mob, I swear.[/QUOTE] Well it depends on the interest rate, the size of the loan, etc. Can you pay the interest? Can you see yourself with a source of income that will provide for yourself, the interest rate, and eventually be able to pay off the loan? It can be very advantageous to take out a loan depending on the circumstances.

[QUOTE=Sobotnik;40750973]Well it depends on the interest rate, the size of the loan, etc. Can you pay the interest? Can you see yourself with a source of income that will provide for yourself, the interest rate, and eventually be able to pay off the loan? It can be very advantageous to take out a loan depending on the circumstances.[/QUOTE] Which is fair enough, especially for welding but you see the unlucky portion. It can be advantageous, you can also be 30 and live on ramen :U maybe an overdramatization of course. Those people were probably dumb enough to take MANY loans out.

[QUOTE=Sir_takeslot;40750074]when we moved out, we took everything we could out of the house, from ceiling fans to the toilets. We remodeled the house, so everything we bought, we could legally take. :v: and the shit we couldn't take, like our granite counter tops, we pulled off and busted up in the back yard.[/QUOTE] You are a fucking evil person I love you [editline]23rd May 2013[/editline] Also your name fits perfectly