‘I Begged Them for Help’ — Wells Fargo Foreclosure Nightmare
Corporate greed writ large. I can not imagine the impact on the families. Facts don’t tell the story of stress, sleepless nights, the deep dread a family feels when their home is threatened.
New York (CNN Business)Foreclosures can be extremely painful events. Imagine finding out years later that it was all a big mistake.
That’s exactly what happened to Jeff and Eva Reiner. The couple turned to Wells Fargo (WFC), their mortgage servicer, for help making their payments after Eva, the family’s breadwinner, was laid off by Verizon (VZ) in 2010. “We were desperate. I begged them for help,” Eva Reiner told CNN Business. But Wells Fargo did not accept their requests for a mortgage modification for their beloved 6-acre property in rural South Carolina. Wells Fargo eventually foreclosed on the home, forcing the couple to move their teenage son, give up three dogs and forfeit the equity they had built up in the house.