Wells Fargo wanted to foreclose on a condo unit which had multiple mortgages attached to it. Wells Fargo also owned one of those second mortgages. So Wells Fargo spent money to hire a law firm and file suit against the irresponsible lenders at Wells Fargo. Then, Wells Fargo spent money to hire a different law firm in an understandable effort to defend Wells Fargo from the vicious legal attack coming from Wells Fargo. The second law firm even prepared a legal statement for Wells Fargo which called into question the dubious claims being made by Wells Fargo. Sadly, Wells Fargo won the case, crushing the hopes of Wells Fargo.(H/T: ricketyclick - who closes his post with "Second amendment, folks." I'll say!)
Sunday, October 17, 2010
Before the government shells out any more money to banks...
...it might want to make sure they're not engaged in fraudulent foreclosures. The Daily Caller details a nationwide horror story - although one not entirely without comic relief: