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(NYPost)   Wells Fargo quite literally wrote the manual on how to evict people from homes for which the bank didn't hold a legal mortgage   (nypost.com) divider line 8
    More: Sick, southern district, federal courts, Wells Fargo, proper authority  
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11307 clicks; posted to Main » on 13 Mar 2014 at 5:43 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-03-13 06:06:17 PM  
5 votes:
Thank god the people behind this has all been prosecuted and jailed.  The restitution has been appropriate and timely.  Also that regulations have been put in place to prevent this from ever happening again.
2014-03-13 05:55:01 PM  
4 votes:

ZAZ: Nothing in the article says Wells Fargo was doing anything worse than throwing out deadbeats. It is consistent with the bank acting on primarily based on MERS records and checking paperwork only when paperwork is requested. The big banks can afford lawyers who know better than to create an actually incriminating document, as opposed to one that reporters can imagine is incriminating.

I have mentioned before some corporate antitrust training I had to go through. It taught us how to avoid creating evidence that would look bad in court. It had nothing to do with avoiding antitrust violations. Any anticompetitive policies were defined and implemented by top management, not ordinary cubicle occupants. I'm sure there is a similar division in Wells Fargo. You have the people who decide whether the company is evil, and you have other people who make sure all the paperwork describes a company that stays on the right side of the law.


So... lawful evil, then?
2014-03-13 04:26:17 PM  
3 votes:

ZAZ: Nothing in the article says Wells Fargo was doing anything worse than throwing out deadbeats. It is consistent with the bank acting on primarily based on MERS records and checking paperwork only when paperwork is requested. The big banks can afford lawyers who know better than to create an actually incriminating document, as opposed to one that reporters can imagine is incriminating.

I have mentioned before some corporate antitrust training I had to go through. It taught us how to avoid creating evidence that would look bad in court. It had nothing to do with avoiding antitrust violations. Any anticompetitive policies were defined and implemented by top management, not ordinary cubicle occupants. I'm sure there is a similar division in Wells Fargo. You have the people who decide whether the company is evil, and you have other people who make sure all the paperwork describes a company that stays on the right side of the law.


I can't tell you how much faith in the system that gives me.
2014-03-13 06:13:30 PM  
2 votes:

rkiller1: [www.destgulch.com image 600x327]
Fargo


All that for a little bit of money. There's more to life than a little money, you know. Don'tcha know that, Wells Fargo?
2014-03-13 05:59:16 PM  
2 votes:

TV's Vinnie: How is it even allowed for a bank to just toss people out of their homes without even showing the Sheriff that they own the damn place at least? I know that the legal system is grossly biased and flawed, but COME THE F*CK ON!!!!


Calm down. They're only allowed to do that to poor people.
2014-03-14 12:23:27 PM  
1 votes:

Loren: Smelly Pirate Hooker: Yeah, it's no big.

http://www.laweekly.com/2013-03-07/news/wells-fargo-typo-victim-dead -l arry-delassus/

http://www.dailymail.co.uk/news/article-2290983/Larry-Delassus-death -E lderly-man-lost-house-Wells-Fargo-TYPO-collapses-dies-court-fighting-b ank-years-on.html

That one is ugly but it's still not a wrongful foreclosure.

suburbanguy: What's your point? Foreclosure is basically using the other party for not fulfilling contract terms. There are specific laws and procedures for foreclosing on someone. You have to have all your t's crossed and your ducks in a row. We're the foreclosed owners wrong for not paying. Absolutely. But the bank has to go through the proper channels to foreclose. Should they be able to go to the judge without proper paperwork? "Just trust us. We don't have the proper paperwork, but we can legally take the property." Just because the debtors are deadbeats, doesn't mean you don't have to show proper cause for foreclosure. The ends don't justify the means.

The point is that they aren't trying to take property that they shouldn't be.

So far every example of an actual problem involves a failure to stop legitimate proceedings when the situation changes, not going after the wrong house in the first place.  Thus rules designed to keep them from going after the wrong property aren't going to do anything.


That's exactly why you're a farker, not a lawyer. Foreclosure procedures are in place to make sure they aren't foreclosing on the wrong person, or improperly on the right one. There are specific steps to take; you can't skip the proper steps of make up your own rules. If you own a repo company, you can't tow somebody's car without the proper authorization. You can't forge authorization or tow without it. Once we skip that step, what's to keep repo men from towing cars they aren't entitled to?

TLDR: This isn't 'Nam; there are rules.
2014-03-13 11:42:43 PM  
1 votes:
If I had a button, and every time I pressed the button a banker died painfully, I would never stop pushing that button.
2014-03-13 05:55:28 PM  
1 votes:
They see me evictin'. They hatin'
 
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