Thread regarding Wells Fargo & Co. layoffs

There is a lot of missing information in this article. When did they stop making payments? Was it in 2017 when they lost their job? If so, that suggests 5 years went by before they started making $1000.00/mo. payments. The article states they were court-ordered to start paying $1000.00/mo. In use and occupancy fees. It sounds as though the home was already foreclosed when they started paying use and occupancy fees 2 years ago. If that is the case, then they were essentially paying rent to the bank (the owner of the home). This article is murky. Need more facts. If they didn’t make mortgage payments for 5 out of the 10 years they lived there, are they really victims? How many offers of assistance and negotiations from the bank were broken to get to this point, both before and after the foreclosure?

Dang paywalls...here is the article:

PALMER — A bank foreclosing on a town family now is offering them $24,000 in a moveout payment, but the longtime residents don’t want it, instead saying they just want their home — and can pay for it.

The Kalogeras family of Palmer is expected to vacate their home by July 1 after a judge ruled in favor of their foreclosure. Two years ago, a Housing Court judge ordered the family to pay $1,000 each month in use and occupancy fees to the bank, according to court documents.

Wells Fargo, the lender, now has received $24,000 from the family and is offering to refund them the full amount to help with move out costs, the bank’s spokeswoman, Jennifer Langan, said in an emailed statement to The Republican on Friday.

In an earlier statement to The Republican, Langan noted, “In the past, the (Kalogerases) have rejected our offer of using these funds to pay for their moving expenses.”

In November, for example, the bank offered the Kalogerases $10,000 for move out, but the family declined.

Eugenia Kalogeras has said all along that they have declined the offers because the family maintains they have enough money to buy back their home.

“I don’t (understand) — why evict me if I can afford to stay?” Kalogeras said Friday.

Kalogeras, her husband and their two grade school-aged kids, have lived in their home for over a decade.

“It’s the only home our kids have ever known,” said Kalogeras.

After a wrist surgery gone wrong that cost her her job in 2017, Kalogeras said her family was unable to keep up with their mortgage payments.

She said that Wells Fargo was, at first, willing to wait until the family received her disability benefits so they could buy back their home.

Then, she said, once they got the money — which, she says, was more than enough to buy their house back from the bank — Wells Fargo “changed their mind and foreclosed on us.”

That was four-and-a-half years ago. Since then, the family has appealed the bank’s decision.

A few months ago, another judge officially ordered the Kalogerases to move out of their Palmer house in July.

The family has continued paying their use and occupancy fees, but a court order allows them to stop those payments on June 1.

Wells Fargo offers $24K to family to move out of foreclosed home. They declined.

but it's the only house their kids have known. If they want it they can try to repurchase when WF resells it lost foreclosure.

so what? Don't pay your mortgage - you don't get to keep the house. that's that.

For a lot less money, a group of enforcers could go in and make them move.