Wells Fargo made up on-demand foreclosure papers plan: court filing charges

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Wells Fargo made up on-demand foreclosure papers plan: court filing charges

Wells Fargo made up on-demand foreclosure papers plan: court filing charges

Here is the 150-page Wells Fargo Foreclosure Attorney Procedures Manual created November 9, 2011 and updated February 24, 2012.


NY POST-

Wells Fargo, the nation’s biggest mortgage servicer, appears to have set up detailed internal procedures to fabricate foreclosure papers on demand, according to allegations in papers filed Tuesday in a New York federal court.

In a filing in New York’s Southern District in White Plains for a local homeowner in bankruptcy, attorney Linda Tirelli described a 150-page Wells Fargo Foreclosure Attorney Procedures Manual created November 9, 2011 and updated February 24, 2012. According to court papers, the Manual details “a procedure for processing [mortgage] notes without endorsements and obtaining endorsements and allonges.”

Those are the technical terms for the paperwork proving that the company that’s foreclosing owns the loan, and therefore has the right to kick a family out of its home. Wells Fargo services roughly 9 million home loans, according to Inside Mortgage Finance.

[NEW YORK POST]

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3 Responses to “Wells Fargo made up on-demand foreclosure papers plan: court filing charges”

  1. Charles Reed says:

    There not going to be a single foreclosure that was valid at the Wells Fargo Mortgage Servicing Center in Milwaukee WI of any of the Government insured loans (FHA & VA) that the crooks were servicing only for Washington Mutual Bank (WaMu).

    The public did not know about this servicing arrangement and either did the homeowners, but Wells Fargo had MERS create forgeries in order to foreclose on loan as the owner of a debt they did not own.

    This situation should have been dealt first in Jan 2012 with the 50th States Foreclosure Settlement but it exposes the entire fraud with the Ginnie Mae mortgage backed securities system.

    Wells Fargo has been aided in getting away with the crime, by the JPMorgan and FDIC deal as it appeared that all WaMu loan were purchase by JPM.

    The problem with blank endorsed Note are they are blank, and the Ginnie Mae pooled loan were not purchase so now at foreclosure time you need a forgery because the Notes have been separated from the debts!

  2. gary g says:

    This is great! Absolute proof millions were wrongfully foreclosed on. I guarantee WFHM don’t want to talk to me now!!

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