Wells Fargo Admits Foreclosure Filing Problems
The foreclosure crisis seems to be shifting into a new gear. The buzz now is all about documentation problems with foreclosure proceedings. Wells Fargo is admitting foreclosure filing problems of its own and suspending foreclosures in 23 states. In general, foreclosure is the right of a mortgage holder or other third-party lien holder to take ownership of the property and/or the right to sell the property. Wells Fargo joins a growing list of banks facing legal problems over whether the bank followed the correct legal protocol when it processes foreclosures....