|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
Legend
Joined: Sep 2006
Posts: 50,547 |
Quote:
Quote:
once in a lifetime tragic mistake.
If by once in a lifetime, you mean "At least 50 homeowners have recently filed lawsuits alleging the servicer foreclosed with a loan mod request pending or even while they were on a payment plan" then yes, it is a once in a lifetime mistake.
That's a different issue. This was a case of a bank wrongly trying to secure a property that didn't belong to them, or that they held a foreclosed mortgage on.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 43,088
Legend
|
|
Legend
Joined: Sep 2006
Posts: 43,088 |
Quote:
If they go to court, Wells Fargo would say that this was a once in a lifetime tragic mistake. It was a horrible mistake, but nothing that has ever happened before, and nothing that is likely to ever happen again. They would offer to pay for damages and pain and suffering, and the court would almost certainly agree. (especially if they can show that this has never happened before)
Ya know what ticks me off. we bailed out Wells Fargo, and this is what I hear from you on this subject, but if GM has a recall, you'd call the entire bail out an Obama failure.
I don't give a rats behind if this was the only thing that ever went wrong (and I find that hard to believe).. I'd have it all audited by an outside auditor and make Wells Fargo pay for it.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
|
|
|
|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,547 |
If this were some kind of systematic problem, then I would agree. if this had happened to more than 1 person, then I would agree. However, this is a one time event, an accident, and I see no sense in killing someone over a one time mistake.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 27,418
Legend
|
|
Legend
Joined: Sep 2006
Posts: 27,418 |
I think 50 million would be a fair settlement 
I AM ALWAYS RIGHT... except when I am wrong.
|
|
|
|
|
Joined: Sep 2006
Posts: 1,612
Dawg Talker
|
|
Dawg Talker
Joined: Sep 2006
Posts: 1,612 |
According to this article, they did it to the same home again.
|
|
|
|
|
Joined: Sep 2006
Posts: 2,831
Hall of Famer
|
|
OP
Hall of Famer
Joined: Sep 2006
Posts: 2,831 |
Quote:
According to this article, they did it to the same home again.
I can buy once being an accident, but twice? Send someone to jail, fine Wells Fargo a substantial percentage of their profits, and I guarantee you it won't happen again.
|
|
|
|
|
Joined: Sep 2006
Posts: 40,399
Legend
|
|
Legend
Joined: Sep 2006
Posts: 40,399 |
Quote:
Quote:
However, was it criminal? I don't think that it was.
They broke into someone's house without legal right or consent, and took their belongings without legal right or consent.
What part of that doesn't seem criminal to you?
They had the legal right to remove the belongings of a house, through some kind of an error, they chose the wrong one.
If you drove your car to the store, parked and went in, came back out and found your car gone, what would you do? You would call the police and report it stolen... then an hour later you get a call... turns out a woman had come out of the store, her car looked exactly like yours and was parked 8 spaces away... she got in your car by mistake and drove off (forget how she got it started and go with it)... Once you found out what happened, would you have her put away for 5-10 years for grand theft auto? Just curious..... or is it because this is a big evil bank that somebody needs to go to prison?
yebat' Putin
|
|
|
|
|
Joined: Sep 2006
Posts: 9,955
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 9,955 |
Now see, THAT is a mistake. She got in the wrong car, but you got your car back.
Wells Fargo broke in to your garage, took your car, sold it, and wants to say they are sorry.
#gmstrong #gmlapdance
|
|
|
|
|
Joined: Oct 2006
Posts: 17,850
Legend
|
|
Legend
Joined: Oct 2006
Posts: 17,850 |
i think the sticking point is that they are not getting their stuff back. if they were, then a simple slap on the wrist penalty fine would be fine for WF.
how is the policy to dispose of things that quickly where they cannot be recovered? seems that WF should have some type of holding for stuff for a certain amount of time?
anyways, we are obviously only getting 1 side of this story, I'd be curious to see why and what actually happened, but I doubt that gets released.
#gmstrong
|
|
|
|
|
Joined: Sep 2006
Posts: 40,399
Legend
|
|
Legend
Joined: Sep 2006
Posts: 40,399 |
Quote:
Now see, THAT is a mistake. She got in the wrong car, but you got your car back.
Wells Fargo broke in to your garage, took your car, sold it, and wants to say they are sorry.
No, according to the article they seem willing to financially compensate them for the damage done and items lost.
yebat' Putin
|
|
|
|
|
Joined: Sep 2006
Posts: 9,955
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 9,955 |
Of course they are...and they should. It doesn't change the fact that they broke in to a home and stole things. They should be persecuted to the full extent of the law, imo. And being compensated doesn't change the fact that family heirlooms are gone forever. You can't "compensate" that for most people.
#gmstrong #gmlapdance
|
|
|
|
|
Joined: Sep 2006
Posts: 40,399
Legend
|
|
Legend
Joined: Sep 2006
Posts: 40,399 |
Quote:
i think the sticking point is that they are not getting their stuff back.
Which is also why I think a lot of people are treating this far more emotionally than they are rationally... that and it's a big bank against a retired couple who seem to have done nothing wrong.....
Quote:
how is the policy to dispose of things that quickly where they cannot be recovered? seems that WF should have some type of holding for stuff for a certain amount of time?
That is my problem with the whole thing. If a person is so far behind on their mortgage that Wells Fargo is going to foreclose, I could understand them selling things like computers, televisions, etc to try to recoup what is owed to them... but family photos? personal effects with no real market value? Why are they disposed of so quickly? Seems kind of spiteful and vindictive to me.
Quote:
anyways, we are obviously only getting 1 side of this story, I'd be curious to see why and what actually happened, but I doubt that gets released.
I doubt it either. Wells Fargo will settle it and release a statement that they regret what they did and that changes have been made to ensure it doesn't happen again.
yebat' Putin
|
|
|
|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,547 |
I can't speak to a foreclosure, but if someone defaults on a storage facility, they can lose their rights to their belongings stored there. I do believe that the storage facility then has to obtain a court order, but then they can sell off the belongings. They don't pick and choose, they just sell the whole thing as a lot and move on with whatever they make. The buyer then removes everything, and picks out what he wants, with the rest hitting the dump.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 998
All Pro
|
|
All Pro
Joined: Sep 2006
Posts: 998 |
YYYYUUUUUUUUUUUUUPPPPPPPPPPPPPPPPPP!
Wise words spoken by sages
From SkyTel to BlackBerry pagers
|
|
|
|
|
Joined: Sep 2006
Posts: 9,955
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 9,955 |
The point here is, there was no foreclosure on this property. I do wonder, though, since you mentioned it, how often storage facilities sell off the wrong units?
#gmstrong #gmlapdance
|
|
|
|
|
Joined: Sep 2006
Posts: 1,612
Dawg Talker
|
|
Dawg Talker
Joined: Sep 2006
Posts: 1,612 |
See, I can almost see the reimbursement after the first time that they did it, although I'd go with a much higher figure. From the sounds of it, he had a lot of really nice tools that surely cost a lot of money. Then we don't know how much property damage was done between both WF and the drifters that came in. Then add in family heirlooms and others that you can't exactly put a price on.
But after that, they made the SAME EXACT MISTAKE a second time? Now I am looking for a criminal trial. If you can't foreclose on the right property twice in a weeks span, a slap on the wrist doesn't do justice. Especially when that incorrect property gets tagged twice.
Something is clearly broke with their system and they need something harsh done to them to prevent them from ever doing it again. Otherwise, oops, here's a small chunk of change that we can make back by the end of the day. Oh well.
EDITED TO ADD: In response to storage units selling the wrong ones, it doesn't happen around here because of all of the regulations that they put in place. Here, they have these little red tags that they put on a unit if they didn't pay 1 month. After two months, they get a green tag added. After that, they have 15 days to pay (notifications go out with each tag, both phone call and mail). With the green tag, they cross reference the unit with two people to ensure that they have tagged the right unit before they are allowed to get a court order allowing them to sell it. At the same time that they get tagged, they go into the database. Before that unit is auctioned off or just disposed of, the same two people plus a court appointed person (usually a police officer here) have to triple check that they have the right unit before it is auctioned/opened up.
I know this because a storage facility owner is on our departments board. Sometimes he auctions them and sometimes he just opens them up and disposes of the stuff. When he just opens them up, he lets us come in and grab any decent looking furniture and stuff we want to possibly put onstage.
Long story short, there are a variety of checks and balances before you can open it up. You can't simply hire some company and say, "here, go do it".
Last edited by ~Con~Artist~; 09/10/12 12:31 PM.
![[Linked Image from img.photobucket.com]](http://img.photobucket.com/albums/v638/Concor1033/NEWDTsig.jpg)
|
|
|
|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,547 |
I would guess that it happened in such rapid succession that it was the same mistake twice.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 43,088
Legend
|
|
Legend
Joined: Sep 2006
Posts: 43,088 |
Quote:
If they go to court, Wells Fargo would say that this was a once in a lifetime tragic mistake. It was a horrible mistake, but nothing that has ever happened before, and nothing that is likely to ever happen again. They would offer to pay for damages and pain and suffering, and the court would almost certainly agree. (especially if they can show that this has never happened before)
Clearly you haven't 'been paying any attention,.
http://money.cnn.com/2012/02/09/real_estate/mortgage_settlement/index.htm
This isn't a one time thing.. I can't believe you hadn't heard of the Robo Signing thing...
This one got press.. tons haven't.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
|
|
|
|
|
Joined: Oct 2006
Posts: 17,850
Legend
|
|
Legend
Joined: Oct 2006
Posts: 17,850 |
Quote:
I can't believe you hadn't heard of the Robo Signing thing...
is that where a team signs Robiskie, immediately regrets it, and cuts him while attempting to act like they never signed him in the first place?
#gmstrong
|
|
|
|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,547 |
And the robo signing was something completely different.
It's like calling for the death penalty for a guy with a speeding ticket because he robbed someone in the past.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 9,955
Hall of Famer
|
|
Hall of Famer
Joined: Sep 2006
Posts: 9,955 |
So, ANY company that makes a mistake and says you owe them something should be able to break into your home, steal your stuff, and not be punished? What if Joe Blow breaks in and says you owed him money? What is the difference here?
#gmstrong #gmlapdance
|
|
|
|
|
Joined: Sep 2006
Posts: 43,088
Legend
|
|
Legend
Joined: Sep 2006
Posts: 43,088 |
Quote:
And the robo signing was something completely different.
It's like calling for the death penalty for a guy with a speeding ticket because he robbed someone in the past.
No, it's not at all like that. Robo signing was being done to hurry along the foreclosure processess. It was illegal and flat out wrong.
5 major banks admitted it, why can't you.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
|
|
|
|
|
Joined: Oct 2006
Posts: 1,663
Dawg Talker
|
|
Dawg Talker
Joined: Oct 2006
Posts: 1,663 |
Quote:
how is the policy to dispose of things that quickly where they cannot be recovered? seems that WF should have some type of holding for stuff for a certain amount of time?
From what I understand from personal experience (watching my neighbor) and a limited amount from my Real Estate training....Most of the time, in a foreclosure (at least around here), the sheriff shows up and informs the owner (if they are there) that they have a few hours to vacate. Foreclosures are NOT something that someone does not have ample notice about. Some folks stick their head in the sand and do nothing, and then when the sheriffs and the bank personnel show up, the belongings are removed from the home and placed out on the curb/trash/dumpster. Depending on the crew, and how sympathetic they are, they can be gentle, or very very damaging to personal belongings.
The bank/owner is not required to be careful or contain any of the belongings on the premises when they take possession.
KeysDawg
The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. - Carl Sagan
|
|
|
|
|
Joined: Sep 2006
Posts: 50,547
Legend
|
|
Legend
Joined: Sep 2006
Posts: 50,547 |
I absolutely have NEVER said that they shouldn;t be punished.
What I am saying is that those who are calling for someone to go to jail are overreacting.
Wells Fargo will pay, and pay dearly for the mistake they made. However throwing a data entry person in prison for typing the wrong number into a computer isn't going to accomplish anything.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
|
|
|
|
|
Joined: Sep 2006
Posts: 43,088
Legend
|
|
Legend
Joined: Sep 2006
Posts: 43,088 |
Quote:
Quote:
how is the policy to dispose of things that quickly where they cannot be recovered? seems that WF should have some type of holding for stuff for a certain amount of time?
From what I understand from personal experience (watching my neighbor) and a limited amount from my Real Estate training....Most of the time, in a foreclosure (at least around here), the sheriff shows up and informs the owner (if they are there) that they have a few hours to vacate. Foreclosures are NOT something that someone does not have ample notice about. Some folks stick their head in the sand and do nothing, and then when the sheriffs and the bank personnel show up, the belongings are removed from the home and placed out on the curb/trash/dumpster. Depending on the crew, and how sympathetic they are, they can be gentle, or very very damaging to personal belongings.
The bank/owner is not required to be careful or contain any of the belongings on the premises when they take possession.
There is even more to it than that Keys.. for instance,, my sister damn near lost her place about 10 years ago. she built a new condo, things were going along fine then my brother in laws hours got cut. so they missed 2 consecutive payments. they didn't run, they didn't hide, they called the bank, the spoke to people there to let them know that this was a temporary setback. (washington mutual which was one of the WORST out there at the time).
Anyway, they (washington mutual) wouldn't work with them so the third month, my sister sent in a payment, foreclosure notices began arriving and thier payment was returned to them.. the next month, they sent out two payments,, Both payments were returned,, they did this for about 6 months and a notice was placed on thier door.
I hired an attorney, filed some kinda injunction, proceedings were halted, I lent them them money to totally catch up which really was two months rent and a about a grand in late fees.
Here's a case where had they not had someone that could bail them out (which they paid every cent back to me by the way) they'd have lost and been booted from the condo.
Now, my sis and B in Law put 45k down on the place, lived there for several years, it was boom times so the condo had appreciated very well. I'm absolutly convinced that Washington Mutual wanted to foreclose, resell it and make a load of profit. That's the games they were playing all over the country and eventually (among other things) lead to their eventual failure. I think the assets were bought buy another bank that we bailed out.
My sis and B in Law sold the place, made a tidy little profit, moved into an apartment for a while and just bought another place in February this year. this time they went to a good bank, third federal based right here in Cleveland.
The thing is, anyone that thinks that this is an unusual thing, needs to wake up,. talk to some mortgage brokers and they'll tell you about what dirty tricks lenders pull..
Ytown, it's not a one time thing at all.. it's happening all the time. Well, not anymore supposedly
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
|
|
|
DawgTalkers.net
Forums DawgTalk Everything Else... Wells Fargo Wrongly Forecloses on
a House, takes all possessions
|
|
![[Linked Image from i190.photobucket.com]](http://i190.photobucket.com/albums/z33/booger52/phpGGRdhwAM.jpg)
