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Non-Tech : Banks--- Betting on the recovery
WFC 86.12+0.1%Nov 10 3:59 PM EST

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To: Madharry who wrote (805)4/16/2010 7:44:26 PM
From: tejek  Read Replies (1) of 1428
 
OT citibank which holds my mortgage sent me a letter telling me that i was a valued customer and encouraged me to call them about refinancing. but when i contacted them they used zillow to give me a quick appraisal of my property and indicated that they would not be able to do anything for me. as they were now unhappy about the loan to value despite the fact that i have paid my mortgage on time with them for 5 years and that my credit is excellent. This is my second less than satisfactory experience dealing with Citi and my last. From now on i will stick to sending them my mortgage payments.

I had a similar experience with BAC. I think its a con to meet the TARP guidelines and keep the feds off their back........"look, we're trying to refi properties and lower people's payments but there are all these problems". Right!
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