Wells Fargo Foreclosure ‘Fraud’ Manual on Trial in Federal Court
Wells Fargo just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual out of federal court.
Wells Fargo is in a federal judge’s hot seat.
America’s largest mortgage servicer just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual out of federal court in New York.
At a hearing in lower Manhattan on April 8, Judge Allan Gropper admitted the manual into the bankruptcy case of a local homeowner in foreclosure, and he approved a request by his lawyer to be allowed to dig deeper.
Now Wells must produce a witness with knowledge of the manual who can answer lawyer Linda Tirelli’s questions under oath.
Tirelli is alleging that endorsements on the homeowner’s note are “fraudulent in nature.” A note is an IOU to the bank, while a mortgage ties a given property to the loan.
On March 12, The Post broke the news of Tirelli’s allegations in court papers that the 150-page manual, written on Nov. 9, 2011, provides procedures for fabricating foreclosure papers on demand. According to court papers, the manual details “a procedure for processing notes without endorsements and obtaining endorsements and allonges.”
Those are the technical terms for securitized mortgage paperwork proving that the company that’s foreclosing has the right to kick a family out of its home.
More from the NY Post here…
Copy of The Fraudclosure Manual here…