Wells Fargo Smacked With $3.2 Million in Damages Over Mortgage Fees

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Wells Fargo Smacked With $3.2 Million in Damages Over Mortgage Fees [VIDEO]

Wells Fargo Smacked With $3.2 Million in Damages Over Mortgage Fees [VIDEO]

Read the case as first posted on SFF: In re Jones (ED La. 4-5-12) Wells Fargo sanctioned over $3M in punitives for mortgage accounting stay violation

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2 Responses to “Wells Fargo Smacked With $3.2 Million in Damages Over Mortgage Fees [VIDEO]”

  1. DANIELA says:

    BRING THIS HERO JUDGE TO NJ WHERE 95% OF N.J JUDGES ARE ANTI HOMEOWNERS AND BASICLY RUBBER STAMP BANK FRAUD WITHOUT EVEN ASKING THE BANKSTERS TO PROVE THEY OWN THE LOAN[NOTE]ON THE HOME THEY ARE TRYING TO STEAL

  2. bruja6kids says:

    Bring him to Chicago, C(r)ook County, Illinois – where fraud is committed upon the homeowner and the courts (State and Federal) every single day, but the Judges seem to pretend it doesn’t!

    OWNED – and foreclosure attorneys for the servicer sign fraudulent, backdated affidavits as MERS officers, purporting to give all rights to the servicer on behalf of the lender who sold the Note on the day of closing (or even before!)- the Note owner cannot be notified, and even if TILA notice to cancel is sent within 3 years and months before the mortgage payments stopped, the judge rules that your TILA claim for failure to rescind is time-barred, but the invisible and non-appearing Note owner’s right to a tender of proceeds in rescission is NOT time-barred even tho that Note owner’s identity is never revealed but is named as an Unknown and publicly notified – and notified by the servicer of the notice to cancel, 8 months before! The law gives 20 days for lender to rescind – but the Judge wants to give UNLIMITED time and refuses to time-bar a tender claim, and also refuses to make the servicer name the Note owner, or even make the servicer PROVE that it is an agent of the Note owner or that the Note even still exists as a negotiable instrument!!

    When have you ever seen a release of the Note ever made?? NEVER – the homeowner loses the home to a third party servicer who has proven no real interest and has even admitted to the judge that it has no real interest, but someone out there (who refuses to attend court) still has a claim to money – and has 20 years to come back at you for it!

    We have over $500,000 of financial/personal damages over a $300,000 fraudulently-induced-by-inflated-appraisal refinance in which we NEVER SAW A PENNY and had to bring a money order at closing.

    When will the judges stop twisting the consumer protection laws to protect the violators instead of the consumer homeowner?

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