Wells Fargo Sold Home Out From Under Me Despite Payments On Loan Modification Agreement, Says Homeowner In Lawsuit

In Las Vegas, Nevada, the Las Vegas Review Journal reports:

• When W.T. Joseph "Tyree" Brown, a 39-year-old sales manager, lost his job and tried to negotiate a home-loan modification, he became entangled in a situation as strange as science fiction, court documents suggest. Things were not as they seemed to be, according to a lawsuit filed in Clark County District Court. Brown said he now fears he will lose his home.

• In his lawsuit, Brown said he tried to negotiate a permanent loan modification with Wells Fargo Bank. But after several months of payments under a trial loan-modification program, the bank surprised him by foreclosing and selling the house to an investment company.

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• District Judge Valerie Adair has scheduled a hearing for May 5 to consider a motion for a preliminary injunction to replace the temporary restraining order. Alternatively, she may dismiss the lawsuit.

For more, see Modification and misery: Lawsuit claims house sold from under homeowner after push to alter loan.