Given our current push to defend property rights, why can't Texans choose who they do business with when it comes to their mortgages? Why don't Texans get the right to choose who they pay their mortgage to? If most Texans have mortgages on their properties, shouldn't we get to approve who purchases our mortgages? If we object to how the company servicing our mortgage treats us, our only current remedy is spending more money to refinance. In what other industries are we forced to do business with a company without any of our input?
Wells Fargo has purchased every mortgage I've ever had and proceeded to screw me with fees (in violation of my mortgage contract but would cost me legal fees to attempt to fight). I found out that WF doesn't read the mortgage contracts they buy and don't really care about following the terms because they know they have more attorneys and can more easily afford to fight mortgagee lawsuits than the mortgagee can. My current situation trying to sell off some of our acreage has seen WF cost me roughly $60k in lost real estate sales and expenses due to their delays & refusal to do their contractually required job.
Why don't we have the freedom to choose who we do business with instead of being forced into doing business without choice?
Wells Fargo has purchased every mortgage I've ever had and proceeded to screw me with fees (in violation of my mortgage contract but would cost me legal fees to attempt to fight). I found out that WF doesn't read the mortgage contracts they buy and don't really care about following the terms because they know they have more attorneys and can more easily afford to fight mortgagee lawsuits than the mortgagee can. My current situation trying to sell off some of our acreage has seen WF cost me roughly $60k in lost real estate sales and expenses due to their delays & refusal to do their contractually required job.
Why don't we have the freedom to choose who we do business with instead of being forced into doing business without choice?