This year my house was foreclosed on May 6, 2008. I realize I'm among thousands of people that this happened to, but in my situation, I had a contract to sell my house a week before it went into auction. I kept close ties with Wells Fargo Bank, and informed the Bank of my plans to sell and avoid foreclosure of which the real estate agent and I have proof of documentation of faxes sent to Wells Fargo Bank and their lawyers in regards to this sale. The day before the auction, the Bank informed me that the contract to sell my house was valid and complete and the Bank Rep claimed she would send an email to the investor responsible to carry out the sale of the house at the auction bid so it could be stopped, but that I would need to call the next day to make sure and confirm. I called the next day, and another Bank representative informed me that it was too late and my house would be going into auction that day. It was evident that although I tried to avoid this, the Bank had already made it's greedy plans to foreclose. My point in all of this is, I know recently the government had bailed out wall street and financial institutions, but I believe it's time the government helps to bail out those of us who have lost our homes. It seems that all I hear is the talk about how the government plans to help people stay in their homes to prevent foreclosure, but what about those of us who have already lost our homes to foreclosure. These new programs to help people stay in their homes to avoid foreclosure will surely help, but not for me any longer; my house now belongs to HUD, and may have already sold. When I think about my foreclosed house, I think about the meals I used to cook in my kitchen; the laughter of my kids running around the house; my family in the family room watching TV, and I really miss the house I once owned; I cry every time I talk about it, as I am crying while I am writing. My 10 year old daughter said the other day, " mommy I want to go back home to our house in Sonoma Ranch" I know she's been crying and missing the house she once knew as a home. I bought this house in 2002 as a single mother of 2 children, but after being laid off from my job 2 years ago and still have not been able to find suitable employment, I could not keep up with the payments even after I married last year and with my husbands income we still could not keep up because I was already behind on the payments of which the loan had been modified 3 times, and the Bank just kept increasing the payments until we could no longer handle it and decided to sell the house, but little did I know that the Bank already had plans to foreclose. We are living in a relatives home on a temporary basis until we can find a new home, at this point the Northside ISD has declared our 10 year old daughter as homeless under the McKinney-Vento Homeless Education Act, and is allowing my daughter to continue at the same school which was close by our foreclosed house near Helotes TX. I didn’t want to change her from the school and friends she knew since kindergarten and had to inform the school of our loss of housing and temporary housing situation. Please hear my story, I want other's to know and understand that we tried to prevent foreclosure by attempting to sell our house, and even had a valid contract to sell to a sincere buyer, but the greedy Wells Fargo Bank should be ashamed especially since the bail out will just make it ok for this Bank to continue with it's greed. Our American dream has shattered, while this Bank continues with their greed.
Sincerely,
P. Silva-Duran
Read Next Complaint >>
