According to AP Wells Fargo, said on Wednesday it will submit additional paperwork in 55,000 foreclosure cases pending before the courts. Wells Fargo has been reviewing its procedures since the foreclosure "robo signing" mess broke last month. A spokesperson for Wells Fargo stated "they have identified instances where a final step in its foreclosure affidavit process did not adhere to its required policies". They also said "the problems do not compromise the quality of the customer and loan data and did not lead to improper foreclosures". The servicer wants to do everything we can to assure that the procedures we have in place provide Wells Fargo borrowers and others with confidence that foreclosure proceedings we initiate are done. Wells Fargo said it will start submitting supplemental affidavits immediately and hopes to complete the process by mid-November. If it is unable to update before the case comes before a judge, it will request an extension. However, Wells Fargo once again said that it does not plan to institute a moratorium on foreclosure sales.
Ainsley Daux
Home Run Real Estate inc
Tampa Bay Real Estate
Short Sale 101 Tampa-blogspot.com
(813)546-1954
http://ainsleydaux.topseller.net
No comments:
Post a Comment