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Our Release Of Lien From Wells Fargo Bank Arrives!!!

By ohomen171 follow ohomen171   2012 Jul 14, 9:50am 12,057 views   21 comments   watch   nsfw   quote   share    


After a four year legal battle we just got our official release of lien on our second mortgage from Wells Fargo Bank that has been recorded at the San Mateo County courthouse. Elena did not understand the legal language and I had to translate it for her. Our sincerest thanks to Alan Sherman, Mike Comfort and the staff at the Comfort Law Firm. They made it all happen. How sweet it is!!!!

#housing

1   E-man   ignore (0)   2012 Jul 14, 9:59am     ↓ dislike (0)   quote   flag        

Congrats.

How much money did you spend on attorney and court fees total? Did the 2nd loan get wiped out, or settled? How much was the lien amount? How much is the 1st loan amount underwatered now?

Thanks.

2   ohomen171   ignore (0)   2012 Jul 14, 12:28pm     ↓ dislike (0)   quote   flag        

The lien was $152,000. We paid some $22,000 in legal fees and another $20,000 in settlement fees. Wells Fargo is tough and hard nosed as hell. The first lien could be underwater as much as $100,000 or as little as zero, We did a major remodel and do not know the current value yet but it could be as much as $700,00. My wife refused to walk away from the property. I hope that she's right.

3   E-man   ignore (0)   2012 Jul 14, 12:39pm     ↓ dislike (0)   quote   flag        

Did you have to go through BK-13 to get the 2nd lien wiped out? Sometimes the 2nd lien holder would settle if you are underwatered on the 1st without going through BK-13. Congrats now that's over. One less thing to worry about.

4   KILLERJANE   ignore (1)   2012 Jul 14, 12:56pm     ↓ dislike (0)   quote   flag        

Wow, so you basically negotiated with wells on your heloc and paid the 20,000 to clear or zero out a 152,000 balance ? Congrats

5   APOCALYPSEFUCKisShostikovitch   ignore (43)   2012 Jul 14, 12:58pm     ↓ dislike (0)   quote   flag        

Die, Wells, fucking die!

6   Jimmymac   ignore (0)   2012 Oct 17, 5:34am     ↓ dislike (0)   quote   flag        

I just got my lien release from them too, except when you call for a payoff it still shows a balance. Law firm tells me the lien release is not the bible, I guess I don't understand how a certified copy of a release of mortgage saying it has been paid in full is not considered concrete at a closing.

7   37108605   ignore (0)   2012 Oct 17, 6:36am     ↓ dislike (0)   quote   flag        

This thread is beyond description to me. I am finally speechless on Patrick.net.

8   37108605   ignore (0)   2012 Oct 17, 6:37am     ↓ dislike (0)   quote   flag        

KILLERJANE says

Wow, so you basically negotiated with wells on your heloc and paid the 20,000 to clear or zero out a 152,000 balance ? Congrats

COMMERCIAL TIME.

9   lostand confused   ignore (0)   2012 Oct 17, 6:43am     ↓ dislike (0)   quote   flag        

ohomen171 says

and the staff at the Comfort Law Firm. They made it all happen. How sweet it is!!!!

Sorry, that just sounds corny!

10   config   ignore (0)   2013 Jan 28, 5:15am     ↓ dislike (0)   quote   flag        

Hello. We just recevied a release of lien from Wells on a 2nd, which we thought had been written off, and we did not negotiate anything. It seems like it is too good to be true.

Is anyone aware of any links I can go to to verify this? Thanks

11   KILLERJANE   ignore (1)   2013 Jan 28, 6:01am     ↓ dislike (0)   quote   flag        

Check your local assessor website.

12   MsBennet   ignore (0)   2013 Jan 28, 6:43am     ↓ dislike (0)   quote   flag        

You mean you borrowed money and didn't pay it back, so they put a lien on your property and now you don't have to pay it? Great country we live in.

13   zzyzzx   ignore (1)   2013 Jan 28, 8:40am     ↓ dislike (0)   quote   flag        

Pay your bills, deadbeat!

14   SeveralRace   ignore (0)   2017 Apr 3, 2:58pm     ↓ dislike (0)   quote   flag        

My brother he is 93 his home was paid off his daughter got him to get a mortgage for $70,000. Now after 6 years later she put him in home i found out and now am POA for him, she didn't pay his Mortgage are tax's and sent Wells Fargo my POA took awhile then i got a letter in my brothers name about Lien Release and principal forgiveness and extinguishment of loan can someone explain i didn't request anything so what dose this mean Thanks

15   someone else   ignore (0)   2017 Apr 3, 6:12pm     ↓ dislike (0)   quote   flag        

Maybe his daughter took the money and failed to pay it back.

I don't know this "extinguishment of loan" term. Can you tell us any more about the letter?

16   Strategist   ignore (2)   2017 Apr 3, 6:31pm     ↓ dislike (0)   quote   flag        

SeveralRace says

My brother he is 93 his home was paid off his daughter got him to get a mortgage for $70,000. Now after 6 years later she put him in home i found out and now am POA for him, she didn't pay his Mortgage are tax's

Your brother is now 99. His daughter who is probably in her 70's must be the heir. Let her use the money. I'm sure your brother does not care.

17   someone else   ignore (0)   2017 Apr 3, 8:41pm     ↓ dislike (0)   quote   flag        

Actually that comment by SeveralRace was today.

The thread was started like 5 years ago, but that user apparently ran across it today.

18   SeveralRace   ignore (0)   2017 Apr 4, 9:43am     ↓ dislike (0)   quote   flag        

He is now 93 and his daughter left him and went to Sweden in Nov 2016, the letter says from Wells Fargo lien release Wells Fargo is currently moving ahead with the principal forgiveness and extinguishment of this loan is what part of letter says dose this help

19   anonymous   ignore (null)   2017 Jun 15, 6:18am     ↓ dislike (0)   quote   flag        

Warren Buffet must be so proud of his bank

20   APOCALYPSEFUCKisShostikovitch   ignore (43)   2017 Jun 15, 6:43am     ↓ dislike (0)   quote   flag        

DIE!, WELLS! FUCKING! FARGO!, FUCKING! DIE!

21   Ceffer   ignore (3)   2017 Jun 16, 3:34pm     ↓ dislike (0)   quote   flag        

Just wait until they sue you for breach of being a debt slave.


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