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Hi,
My story is unique. I was financing a vehicle with wells fargo auto finance. It was totaled….. and i didnt have insurance at the time. Listening to my father(i didnt tell him i didnt have insurance. I parked the car in a private owner body shop lot ( charges 20 per day) I was hoping the lady responsible for the accident insurance company would come and take liability. well they never did and the body shop lot called wells fargo and told them to get the vehicle and they paid him off. Now im stuck with a REPOSSESSION on my credit, BUT I MADE ALL MY PAYMENTS ON TIME FOR 1 AND 6 MONTHS TO WELLS FARGO. Is this legal….and how can i go about getting this taken off credit report. The car was totaled, and they still sold it…….but it wasnt repossessed because i didnt make my payments …….please help with good answer anyone

I am soooooo close to closing but the bank just happen to ask questions about my auto repossessions. The bank was already aware of them during the process and asked for a "Letter of Explanation" in which I provided. This is the big wall that stands in the way. The loan officer at the bank is working with us. I just wanted to know on an FHA loan if this can be something that can be worked around through the Underwriter(s). I have had no contact with the banks from the repo’s for about 2 years. I’m sure there is a deficiency balance. There were no payment arrangements made as I can no longer afford them. I got injured and my husband had to take unpaid leave for two months to take care of me, the children, and the household. From all that we were behind three months on payment and couldn’t catch up. The cars were repossessed. The Underwriters were trying to contact the bank (car loans) but aren’t having any luck, neither did I. I wanted to know if there is another solution (other than going to a different Underwriter) so I can get my house! I am soooooo close. I’ll be very disappointed and very hurt if I don’t ever get to purchase my first home. My children and I were excited until this happened. We have been through a lot last year and it’s still following us.

Anything helpful????
I forgot to mention that the cars had been charged off about 1-2 years ago. The bank that I have the home loan with is Wells Fargo.

In late May, early June, Wells Fargo in Canada repossessed my car. I have tried to contact them since then and no one returns my call. What do I do? I dont want to be paying storage every month plus interest. HELP!

Car was repossessed in May of 08. I called them and asked if they could send me a letter telling me what I owe them. They just sent me this letter saying the following:
"Your account number referenced above with Wells Fargo Auto Finance has been settled in full. Should you have any questions dont hesitate to contact us. Thank you."

SO confused. Do I still owe them money? Is this letter good enough proof of them saying the account is done?

Please help!!!

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