Complaint Rating:

Company information:
Wachovia
67 seabreeze
Daytona Beach, Florida
United States
Phone: 386 555 1234
www.wachovia.com

I have a Mortgage with Wachovia Bank that is about to balloon in 1 month, The mortgage is on a multifamily rental property that is 100% occupied and makes money and has $100'000 in equity. I have never been late with a payment in 5 years. But Wachovia will only refinance at 9% and only offer a 10 year mortgage, making the payments way to high to make keeping the property viable. Wachovia will not negotiate and has informed me that they will foreclose on the property as soon as I default when the loan comes to an end.
Why are they trying to force me into bankruptcy, the area is already full of foreclosed properties and becoming depressed they just don’t care. I have also spoken to the supervisor in charge, He was rude and made ridiculous accusations, that we had performed IRS irregularities, when I questioned him he retracted what he said and made it clear to me he wanted us to foreclose.