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Wachovia / Mortgage fraud

1 895 Gilroy, CA, United States Review updated:

I have one of the World/Wachovia mortgage loans that falls under the subprime/preditory lending act My credit is in the toilet because I have been trying to keep up with the loan payments, was told that my loan was convertable to fix rate without any paperwork needing to be filed and no cost to me, then when I go to excercise the option i am told by my broker (At Wachovia, the one one did the loan) that the option is not available to me. so I try to refinance my loan to a fixed 30 year and am denied because my debt to income ratio is to high (not to mention my house is now $200k upside down) so I asked for an extension to pay off what little debt I owed so I could bring down the number and oddly enough I am denied again...with the same explanation "Debt to income to high" WTF is goin on here? please feel to email me with how and what I can do to fix this problem.


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  • Ss
      30th of Nov, 2010
    0 Votes

    I am a victim of the same scam. I was lied to by the banker assuring me of the same thing. And told the same when I went to activate what was promised.

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