Wells Fargo means things are not going to go in your favor no matter what. I have never had any good dealings with that bank even in good times. As a contractor building houses for people with constructions loans through them, you would think I was the guy buying the house for all the things they wanted of me. I tell people now if they use WF I will add another $1000 onto the cost of the home just for the hassles they put me through. Again that was in good times. When things started going bad, they cut of loans to contractors and business's that had been doing business with them for many years. As to your situation, how much money did you put down when you bought it? That is the amount you are basically losing on the deal. You lived in it since June rent free and the other payments you made can be considered as rent payments. Most of the payment you made went towards the interest on the loan so your principle amount didn't go down much in only 5 years. Your actual monetary loss probably isn't that great unless you had a large downpayment.
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Today's Featured Article - Engine Valves - Some Helpful Information - by Staff. Intake - On the intake stroke the piston moves doward, sucking in carburized fuel through the open intake valve. Exhaust valve is closed. Compression - With both the intake and exhaust valves closed, the pistons upward stroke compresses or squeezes the fuel into the combustion chamber. Firing - Ignited by the spark, the compressed fuel explodes and forces the piston downward on its power stroke. Intake and exhaust valves are closed. Exhaust valves and seats are exp
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