Hello World! This is my first post on my new real estate blog. This is to establish that even Realtors have gotten caught up in the disaster hitting our country, even though many believe we’re responsible for it in the first place.

As of today we are on day 72 after being locked out of our home due to foreclosure. Wells Fargo is not only the one that foreclosed on our home, but they also have my checking account hostage. I follow my account very closely online. The other day I was $35.14 overdrawn, ($35 of it is an “overdraft fee”). I ran to the bank and put in more than enough to cover, in cash to post immediately. In the last 4 days I have deposited $445.00, and somehow 7 more “overdraft fees” have appeared on my account. The customer service says they don’t apply overdraft fees to “pending charges” and if I run right down there with cash, I won’t get anymore overdraft charges. What a bunch of crap. I tried explaining to him that that was exactly what I’ve done for the last week and they just keep compiling charges. Totally useless conversation, so today I am on a quest to find even more money and close the account before I rack up any more charges. It will be inconvenient at first getting a new ATM card and new checks, but we’ll live.

When they were foreclosing on our home, there was no talking to them then either. Everyone talks now about loan modifications, the lender working with you etc., but it sure wasn’t happening then. My partner had asked several times to speak with a loan mitigater before it ever got as far as it did, and the servicer, the gatekeeper Home EQ that we had to deal with to get to them, wouldn’t let us talk to anyone in that department at all. Now Obama has signed into law that lenders have to work with homeowners, but that doesn’t mean they will do it. Many of the “incentives” to work with homeowners are on a “take it or leave it” basis, completely up to the lender whether they take it or not.

If you’ve had your problems with Wells Fargo, or are living through the aftermath of foreclosure yourself, feel free to comment below. Who knows, maybe someday, somebody that counts will see all that we have to say.

Lauri Beamish DRE #00950917
Owner/Broker
Call-Us Real Estate
San Jose, CA