• Petitioned U.S. Federal Court

This petition was delivered to:

U.S. Federal Court

Prosecute mortgage companies, especially Wells Fargo

    1. Patty, Patricia Darlene McClendon
    2. Petition by

      Patty, Patricia Darlene McClendon

      Largo, FL

The U.S. Government is just now prosecuting Wells Fargo over bad mortgages in regards to the FHA. There was an article in my local newspaper about this. I wondered why the government is going after Wells Fargo for lying to them, etc. and not prosecuting them for lying to all the buyers.

In addition to lying to the government, Wells Fargo lied to people buying houses. In 2004, my house payment was supposed to be $750, then went to $1,190 the next year because of "Save Our Homes Caps" here in Florida; increase in homeowners' insurance due to the 4 hurricanes; and lastly, to the increase in my home's value which was artificially high due to the mortgage companies running up home prices to make a buck. By the way, I did have a fixed rate.

People like myself who put down large down payments cannot get any relief from the government programs to aid buyers in distress. Those buyers whose down payment were the minimum allowed are getting some relief but not enough and not all of them. I feel the U.S. government should sue Wells Fargo and other mortgage companies for all of us who were financially damaged by lenders lack of full disclosure. I'm struggling to keep my home even though it is worth less than what I paid for it by about a third.

I am tired of hearing that people shouldn't buy homes that they cannot afford. I could afford $750 but not $1,190!

The U.S. Government is just now prosecuting Wells Fargo over bad mortgages in regards to the FHA, see: http://dealbook.nytimes.com/2012/10/09/u-s-sues-wells-fargo-alleging-mortgage-deceit/

Recent signatures

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    1. Reached 10 signatures

    Supporters

    Reasons for signing

    • amanda rose CLERMONT, FL
      • over 1 year ago

      This is a disgraceful company with no ethics including it's partner in crime and deception America's Servicing Company.Why is this important to you? (Optional)

      REPORT THIS COMMENT:
    • mary reynolds PLEASANT VIEW, TN
      • almost 2 years ago

      They have lied to me side march 2012 about modification. a week or so ago they changed their minds after the papers were signed and my check was cashed!

      REPORT THIS COMMENT:
    • janice volpe PINELLAS PARK, FL
      • almost 2 years ago

      the banks have no self control . they do as they please. they are stealing our homes and causing the problems by lying, cheating, and stealing. PROSECUTE !!!!!!!!!

      REPORT THIS COMMENT:
      • about 2 years ago

      Mortgage companies need to be held accountable for lying to home buyers.

      REPORT THIS COMMENT:

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