Wells Fargo

Wells Fargo-Dan

>I lost money on each and every one of those calls, but dammit, I slept like a baby last night.

Nothing wrong with doing the right thing.

BTW..remember my post about Tom and Ralph? Tom paid me yesterday, almost, shorted me 50 bux claiming that he had no more checks and no cash and did not know the 50 was in the contract for maps/prints..

Ralph was at the bank getting coin change for his taco stand. I gave Tom his maps and hot footed it to a B of A to cash Tom's check which was about 1/4 mile from the taco stand. Tom was waiting for Raplh to get back at the taco stand so he could squeeze this last payment out of Ralph.

I saw Raplh at the bank. Told him Tom just paid up, less the 50, and not to let Tom intimidate him into paying anything. Raplh smiled and said he wont and if Tom persists Raplh would retain an attorney to deal with it.

Sorry I sidetracked there Dan.. WTG on ya :good:

Wells Fargo-Dan

Didn't somebody mention on a post a few months back that there was a bill (not sure if it became law) to reimburse owners for the cost of a flood cert due to the new zones created by FEMA?

Wells Fargo-Dan

I did not see that.

Wells Fargo-Dan

Flood Zones are not created by FEMA, they are created by nature (or badly designed development), FEMA only identifies them. If you want a house by the Lake, River or Bay, you need to ensure financial responsibility and pay for flood insurance. Why should those of us who chose the spot of our houses prudently, pay for those who ignore the risk?

Wells Fargo-Dan

Areas that flood are are created by nature (or badly designed development.

Flood Zones are identifications (correct or mistaken) created by FEMA.

I posted about WF on the old board about two years ago.
They were making folks that wee in a C or B zone applying for reverse mortgages to attain FCs. Yes, they were on fixed incomes but they had to comply. I had a face to face with one of their people and she basically told me to keep put of their business. I wrote a letter for the client and basically told them that WF should reimburse the money for the FC. I had found out from another client that that is what they did in their case. I found out who that WF agent was and talked to her. She was reasonable person and would get the FC reimbursed by them.

The new dFirms are supposed to be accepted here early next year. I guess that I should expect some calls.

Robert,
If you know of anyone that is a non flood hazard zone now, but will be put in a flood hazard zone when the new maps come out, you should suggest that they obtain flood insurance at the non flood hazard zone current rate.
They will be locked into that rate when the new maps come out.

Wells Fargo-Dan

> Flood Zones are not created by FEMA, they are created by nature (or badly designed development), FEMA only identifies them. If you want a house by the Lake, River or Bay, you need to ensure financial responsibility and pay for flood insurance. Why should those of us who chose the spot of our houses prudently, pay for those who ignore the risk?

I'm calling BS on that one. When you live on a hill adjoining the lake, and your house is 100 feet above the top of the lake dam, and the bank tells you that you are in a flood zone? Nature, God, or no other supernatural power put you in that situation. FEMA did.

Wells Fargo is becoming more aggressive

Wells Fargo has changed its agenda and is becoming a more aggressive company that expects their lenders to prove everything to them that they are covered by insurance that has Wells Fargo listed on the pay to column of the claims check.

I just recently spent over two months getting them calmed down after buying the wife a car and they happened to become the lender because of the lowest interest rates. A simple proof of insurance card is not enough for them and it took a direct call from the insurance agent.