Wells Fargo Acknowledges Problems in Foreclosure Paperwork, Admits to 55,000 Counts of Perjury

Wells Fargo acknowledges problems in foreclosure paperwork

By Jia Lynn Yang
Washington Post Staff Writer

NEW YORK – Wells Fargo, which has stood by its foreclosure paperwork for weeks as other major lenders discovered errors and halted sales, conceded Wednesday it had discovered some flaws in its documents as well.

The latest acknowledgment of problems from one of the nation’s biggest lenders points out that the failure to scrupulously check legal documents before foreclosing on delinquent homeowners has been widespread in the industry.

Wells Fargo said it is submitting additional affidavits for roughly 55,000 foreclosures pending in 23 states, but said it does not have any plans to halt foreclosure sales.

The bank does not “believe that any of these instances led to foreclosures which should not have otherwise occurred,” it said in a statement.

Wells said the problems related to the “final step” in filing foreclosure affidavits, including the final review and notarization of documents. A spokesperson for the bank would not comment on whether Wells, like other banks, had used “robo-signers,” who signed off on mountains of legal documents without checking them for accuracy.

You can check out the rest here…

But wait, “A spokesperson for the bank would not comment on whether Wells, like other banks, had used “robo-signers,” who signed off on mountains of legal documents without checking them for accuracy?”

How bout I comment for you then…

LINK – Full Deposition of Xee Moua – Wells Fargo Robosigner Extraordinaire 500 Documents a Day

Posted by Foreclosure Fraud on October 19, 2010 · 

First reported by the Financial Times and now they were kind enough to share the depo below… Wells adds to crisis over home seizures In a sworn deposition on March 9 seen by the FT, Xee Moua, identified in court documents as a vice-president of loan documentation for Wells, said she signed as many as … Read more

LINK – Foreclosure Fraud – Full Deposition of Tamara Savery Wells Fargo Robosigner

Posted by Foreclosure Fraud on October 23, 2010 ·

It is kind of cliche now… Same as the rest of the depos… Not to take away the importance, but it is like reading the same book over and over and over and over… Doesn’t know anything… Doesn’t look at anything… Doesn’t verify anything… You know, the same procedures that are used by every predatory … Read more



I sure could use some…


Deposition Transcript of Xee Moua
[scribd id=39666460 key=key-2iwy31ojhdkkpkfeg32p mode=list]

Deposition Transcript Exhibits of Xee Moua
[scribd id=39666272 key=key-2l4dpyzm6oa44wfo0xsf mode=list]

Foreclosure Fraud – Full Deposition of Tamara Savery Wells Fargo Robosigner
[scribd id=39975004 key=key-2dkmd1ilgbey2jxg21t mode=list]


4 Responses to “Wells Fargo Acknowledges Problems in Foreclosure Paperwork, Admits to 55,000 Counts of Perjury”
  1. Foreclosure Frauds, Wells Fargo-the Fox in Charge, and Victimization

    I believe that Wells Fargo’s announcement about refiling 55k foreclosures is because covering up wrongful foreclosures is no longer effective. Res ipsa loquitur foreclosure frauds occurring here in Louisiana involving Wells Fargo, Freddie Mac, certain foreclosure mills, and certain corrupt judges make it apparent that Wells Fargo CANNOT be trusted to fix its foreclosure wrongdoings, no more than an addict can be trusted to self-reform.

    Mortgage lenders are not required to know laws – attorneys are! Most of the time, the attorneys made severe errors – sometimes intentionally, since errors help keep the billable tab going, and commit the very frauds that provide basis, defenses, and reasons to attempt negotiating mortgage contracts.

    Compare: blighted neighborhoods and foreclosure deed conveyances to non-existent mortgage lenders; bankruptcy “Lift Stay” motions that “lack standing,” and names on “proof of claims” different from ‘lift stays’ “movers”; and illegal property deeds.

    Also, foreclosure lawyers have failed to “effect service,” failed at various substantive Civil Procedure requirements which make it not lawful to proceed with that lawyer’s case until those errors are corrected. As such, homeowners are not to be blamed for refusing to cooperate with erroneous and fraudulent confiscation of their homes!

    Often, foreclosure delays are because of the lawyers, but the lawyers keep that fact from clients. It is usually always foreclosure lawyers’ serious mistakes, errors, and frauds that supply reasons, defenses, and basis for anyone with a brain / anyone who prefers to not be homeless to attempt renegotiating his or her mortgage contract.

    Also, property owners seeking debt reorganization through Chapter 13 Bankruptcy are not to be blamed for contesting a false “proof of claim” or false “Lift Stay” motion. As such, countless foreclosure lawyers owe a lot of money to their clients for fatally botching foreclosure cases.

    Scoffer spew anger about others living ‘rent free’ have absurd responses about ‘White Collar foreclosure fraud’ – which includes confiscating distressed properties via falsified court bankruptcy and state court pleadings.

    Samples of Wells Fargo, Freddie Mac, Lehman Brothers foreclosure debt collector attorneys (foreclosure mills), and judicial corruption are posted on my website. Like the matter of the “Bailey” property foreclosure filed under Lehman Brothers, but the Hurricane Katrina insurance money was demanded by Wells Fargo. Also, posted is how Wells Fargo (WF) filed a false IRS form 1099-A despite that Wells Fargo did not foreclose. http://newsblaze.com/story/20101028181052lawg.nb/topstory.html

  2. No one will ever convience me that all the foreclosures, now and in the past .. done with ‘errors and flaws’… were done with just a technical overlook..I don’t buy it. Plain horse manure. I feel the Robo-signers are the scapegoats. Orders start at the top..not at the bottom of the ladder. If your start at the bottom of the ladder and work your way up the ladder to each department involved in giving orders, you will climb to the top. The main statements on the affidavits are the borrower/address, amount in default and the holder/owner of the Note. Now take a guess at what could have been the ‘techanical error’…or let’s say a deliberate ‘act’. It was not the stamps or signatures that ‘only’ caused the ruckus…it was the false information stated on the affidavits. To say they wanted to review the affidavits…come on..their foot prints were in the snow. This goes for all the banks that thought they had the world by the ………….I agree…it is organized crime..they are ALL involved.

  3. Cecelia Ott says:

    Thank you so much for these transcripts. I read everything!

  4. housemanrob says:

    Everywhere I turn it seems the same things………TRICKS, I’ll call them………..I have aggravated one of the mortgage service employees enough on the phone to admit to me that my questionable debt is investor owned and that this individual needed to “protect his investor”. At exactly the same time I am receiving modification offers from Chase home finance weekly! It’s like “come on down and meet us at our local trap………SUCKER”. Meanwhile I have not made a mortgage payment in 4 months and still am in good standing with the servicer or WHOEVER!!!!!!! Dealing with the banks and servicers, for me, has become surreal. This is not just FRAUD……….it is flat out ORGANIZED CRIME. Can you say ………….RICO!!

Leave a Reply

Your email address will not be published. Required fields are marked *