No help Wells Fargo admitted that, due to a calculation error, it improperly foreclosed on 545 distressed mortgage borrowers after they asked the bank for help. All told, 870 homeowners were denied assistance even though they qualified for it, and more than half eventually lost their homes. Foreclosure News

Wells Fargo admits glitch led to hundreds of home foreclosures

August 6, 2018 admin

Wells Fargo has admitted a “calculation error” may have led to as many as 400 struggling homeowners needlessly losing their homes to foreclosure. The mistake in a mortgage-modification tool, discovered nearly three years ago , wrongly factored lawyers' fees into the formula put forth by the government to determine if a homeowner would qualify for […]

a Wea re very sorry.a Wells Fargo admits error that cost hundreds of people their homes

August 4, 2018 admin

Charlotte, North Carolina based Wachovia was sold to Wells Fargo 10 years ago at the peak of the 2008 economic recession. With the major banking business now facing its own financial struggles, people wonder if Wachovia could have survived. Foreclosure News