Digital Trends-
Wells Fargo blamed a computer glitch for the second time this year that resulted in the bank mistakenly foreclosing on hundreds of homes over an eight-year period, CBS News reported. The software error applied to loan modification applications submitted between March 15, 2010, and April 30, 2018, according to Wells Fargo.
In November, Wells Fargo admitted the error in a filing with the United States Securities and Exchange Commission, noting that a computer glitch led the bank to deny its mortgage customers the request for a loan modification or repayment plan in 870 instances. Eventually, 545 homes were foreclosed because of Wells Fargo’s error.
Jose Aguilar, who owned one of the foreclosed homes, told his story in a CBS News interview. To compensate Aguilar for its mistake, Wells Fargo sent him an apology letter as well as a check in the amount of $25,000, but Aguilar still wants an explanation, and his lawyer stated that the amount “doesn’t even begin to cover his total losses.”
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I hope Jose get compensated for pain and suffering too! $25k might enough for storage sardine his belonging! @WellsFargo are primitive inhuman barbarian they need to stop their computer software programmer and use their own common sense whom to keep or throw (their bad faith coaches)