Wells Fargo Cancels Suit, Modifies Military-Related Mortgage Loan For Strapped Navy Vet After Failing To Follow Gov't Rules On VA Foreclosures

In Jacksonville, Florida, First Coast News reports:

• [Nancy] Gemmill lived in the home 17 years and never missed a single payment. She owed $49,000 on the home when she lost her job because of health problems. Gemmill used her 401(k) at first to keep up the house but then that ran out, then she called Wells Fargo, asking for help to restructure her payments.

• "I did everything they said by the book. You need to fill this out, fill that out. I was getting absolutely no response from them. I was at my wits end, didn't know what to do."

• She fell behind in her mortgage at the end of last year and then without warning came a notice of foreclosure. "They were giving her a hard time," said attorney Sean Cronin, who stepped in free of charge.

• Gemmill is a retired Navy veteran whose home was purchased with a military loan, which is set up differently than regular loans. "There's special protection put in place to protect the veteran. There's specific rules a mortgage company must follow before they can foreclose on that loan and they didn't follow those rules," said Cronin.

• So Gemmill and her attorney started to fight back. Recently, a letter came in the mail for Gemmill from Wells Fargo, which notified her it was volunteering to dismiss the case. Gemmill was in shock and was also relieved. She said Wells Fargo also has restructured her payments so she can get back on track. "There will be another 17 years in that house," said Gemmill. Who is already unpacking boxes and settling back in to her home.

For the story, see Jacksonville Woman Fights Wells Fargo on Foreclosure - and Wins.