May 07, 2013
— An 80 year old Oregon woman won her three year fight against Wells Fargo to stop a wrongful foreclosure. Wells Fargo had been attempting to obtain a judicial foreclosure, despite the evidence that all payments had been made. “What this woman had to endure to save her home is shameful,” says Geoffrey Broderick, the senior partner of The Resolution Law Group.
The woman and her late husband moved into their home in 1967, 46 years ago. After Wells Fargo acquired Wachovia, some of the payments made during the transition did not show up on the computer records. The homeowner received a notice of default, and she went to her local Wells Fargo branch to try to show her cancelled checks. The local banker would not speak with her because the computer said that she was in default. It took three years and lots of attorneys fees to have the foreclosure case dismissed.
Mr. Broderick adds, “Wells Fargo could have resolved this dispute by looking at the paperwork and acknowledging its error. Most people are unaware of how difficult it is to convince a bank that it has committed an error. A borrower, armed with cancelled checks, is no match for a computer that disavows that payments were timely made. The housing market will continue to suffer until it is fixed by the Courts or the Legislature. Somebody has to fix the problem. That is why The Resolution Law Group continues its fight for homeowners. Homeowners cannot expect the problem to fix itself.”
The Resolution Law Group continues to prosecute ground breaking litigation in Federal Court on behalf of homeowners suing lenders and servicers for, among other things, the illegal use of MERS, robo-signing, and intentionally ignoring underwriting standards and encouraging inflated appraisals.
The Resolution Law Group is currently enrolling clients into the pending lawsuit. For further information, visit its website at www.TheResolutionLawGroup.com
Lender Litigation, Unlawful Foreclosure, Tarp Money, Mortgage Backed Securities, Derivitives Lawsuits, Insider Trading Lawsuit, SEC Settlements, Ponzi Scheme Lawsuits, Intentional Misrepresentation, Securitized Mortgage, Class Action Securities Lawsuit, Robo-Signing Lawsuit, Lost Equity Litigation, Mortgage Lender Fraud, FINRA Fraud Lawsuit, Suing Banks, Fraudulent Misrepresentation, Short Sale Fraud, Fraudulent Business Practices, Mortgage Litigation, Complex Tort Litigation, Injunctive Relief, MERS Fraud