I just won a case against Wells Fargo.
They have so many foreclosures they can't keep track of them. They
sued my client, who not only never was even late with a payment, HE
NEVER HAD A MORTGAGE WITH WELLS FARGO.
It still took about 6 months to convince them that my client never
had a mortgage with their company.
They paid my fees, but now a court search will show a foreclosure
action having been filed on the docket under my client's name.
Credit crusher.
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> Wells Fargo being sued by Baltimore...
>
> "The most devastating form of redlining, and the most common use
of the term, refers to
> mortgage discrimination. The term "redlining" was coined in the
late 1960s by community
> activists in Chicago. It describes the practice of marking a red
line on a map to delineate the
> area where banks would not invest. During the heyday of redlining
these areas were most
> frequently black inner city neighborhoods."
>
> Interesting twist. The bank "targeted" areas of Baltimore - with
lots of money, but at higher
> rates to WEAKER borrowers - then resells those loans and another
company eventually has to
> walk in forclose because the borrower can't afford it after all.
>
> To offer loans or not offer loans? It comes down to HOW a bank
(or catalog company....)
> markets their product....
>
> right attorneys?
>
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