If a lender were to 'sneak in and change an insurance policy', since they are listed as an additional insured party, it would be to their benefit to raise the coverage, not lower it. Some of the things you allege don't even make sense.

Is THIS $32,950.50 now part of his estate or is it Well's money? I have tried to call the RM department, but I keep getting disconnected. We were trying to get $30,000.00 to get him in the rehab but it was never distributed.

The current outstanding Principal balance was $207,843.30 but then I see Growth on Principal that says $32,950.50. Going through some paperwork I came across a statement issued after he died. We did not want his house, so we let it go back to Wells in a deed in lieu and the house was sold shortly afterward. He died suddenly before the money could be deposited. We requested most of the balance on the line of credit that he had on the RM to help get him into the assisted living, but Wells dragged their feet contacting him back which delayed the money being deposited into his account as he had requested. At the time of his death we were trying to get him into a rehab facility temporarily and he had a reverse mortgage with Wells Fargo. Can I sue Wells Fargo for predatory loans? And does any Real Estate lawyers handle them? Now my mom needs more money because she lives in a assisted living. I believe Wells Fargo had taken advantage of my parents. Is it legal to have a reverse mortgage and have them talk my dad into an annuity? My mom sold her home this past August 2021 for $834,000 but only received $134,000. I was told by the mortgage broker that most of the equity was gone after 9yrs. I checked to refinance it for a better interest rate but was told my mom would have had to pay 80% back to refinance it. They had $2,400 and more added to their loan every month. Their interest rate was 5.75 and added so much interest to their loan every month. Also Wells Fargo financial people had them use their IRAs which was over $100,000 for annuities. I feel my parents were taken advantaged not knowing much about reverse mortgages. Their mortgage payment was only $900 a month. Wire Transfer Fraud: Before you wire funds, be sure to verify all instructions and contact information to avoid real estate scams.My parents took out a reverse mortgage from Wells Fargo in 2009. Other costs including anything else not covered, such as an optional Owner's Title Policy.Initial escrow payment covers payment of future homeowners insurance and property taxes.Prepaids are the first payments for your homeowners insurance, mortgage insurance, and prepaid interest.Taxes and other government fees like recording fees and other taxes (a lender has no control over these costs).

Services where you request the service provider including the pest inspection, survey, and title search.Services where we select the service provider like appraisal, credit report, and flood determination service.Origination charges for application and underwriting fees.Then, 3 days before you close, you’ll get a Closing Disclosure with final costs, which may include: Within 3 days of submitting a complete mortgage application, you’ll get a Loan Estimate that will give you a better idea of how much you need to pay in closing costs. Examples of typical mortgage closing costs

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