The American Dream is over

Via @guaracybm

Putting A Human Face On The Reasons To Support Bank Transfer Day

©Nicole Powers

She duly completed all the paperwork her bank, Wells Fargo, asked her to, and was told what her reduced payments would be. She continued to pay her mortgage, but at the adjusted rate, as she’d been instructed to by Wells Fargo. She never missed a payment, and was not in arrears.
However, months later, out of the blue, she found out her application, for whatever reason, had been rejected. At this point, Wells Fargo treated her like she had been in arrears, because she’d been paying reduced payments on a mortgage that had failed to be modified. To add insult to injury, Wells Fargo then slapped her with a slew of interest charges and fees, because they in effect retroactively considered her account to be in default because of the Loan Modification decision.
Her bank then suggested she reapply, which she did – twice. Two more times, exactly the same thing happened. Following the third failed application, Wells Fargo began proceedings to repossess her home, even though she had made all her mortgage payments in exactly the way the bank had prescribed.

Via @ellenortiz

Rebuild The Dream
The American Dream Movement is growing stronger by the day, and it’s not going away until we can find jobs, afford to go to college, retire with dignity, and secure a future for our children and our communities.

One Response to “The American Dream is over”

  1. Andréa Câmara says:

    Que absurdo!

Leave a Reply