https://4closurefraud.org/2010/05/21/foreclosure-mills-using-wrong-documents-lead-to-wrongful-foreclosure-wells-fargo-foreclosing-on-home-with-paid-up-bank-of-america-mortgage/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 14:16:27 +0000 hourly 1 https://wordpress.org/?v=7.0.4 https://4closurefraud.org/2010/05/21/foreclosure-mills-using-wrong-documents-lead-to-wrongful-foreclosure-wells-fargo-foreclosing-on-home-with-paid-up-bank-of-america-mortgage/#comment-2132 Sat, 22 May 2010 20:42:02 +0000 https://4closurefraud.org/?p=5041#comment-2132 This example tells me that Wells Fargo doesn’t know what the crap is going on. The money the buyer borrowed from BOA to buy the home should have been deposited into an escrow account and that money should have paid off the WF loan at closing. But WF’s HAL 9000 insane computer system is so overwhelmed the information didn’t get recorded as a payoff. The Seller should have received a satisfaction of mortgage from WF. The bank can not clear the title; they don’t have the documentation. Thus, the title is clouded. Even if you sell your home to a Bona Fide Purchaser you may find out that you can’t deliver clear title to the new owner or satisfy the mortgage with a payoff. This is WHY you must demand the original note and examine every singer piece of paper you receive. What a mess!

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