Just in case you thought it was negligence….

Nov 6, 2019

From an avid reader and investigator, the wording below is from an exhibit in litigation that was (of course) dismissed that shows that Wells Fargo managers were specifically instructing their subordinates who talk or correspondent with borrowers on what to say and what not to say. Specifically they were not reveal that Wells Fargo did not have the security instrument or other documents (like the note or any evidence of payment for the debt).

So here we have Wells Fargo pursuing collection and foreclosure knowing full well that they don’t have the mortgage or deed of trust. And they know full well that neither Wells Fargo nor anyone in their chain has ever paid for the debt; and that in turn means that nobody in their chain is losing any money.

And THAT in turn means that there is nobody in the chain who is an aggrieved party — someone who has been damaged by the nonpayment by the borrower. So finally that means they should not be pursuing collection much less foreclosure. And logically that means that insistence on doing so means that they are using foreclosure as a ruse to get revenue instead of restitution for an unpaid debt.

So the bottom line is that Wells Fargo has been pursuing claims and forcing sale of homestead property without ownership or possession or payment for the loan.

One might ask about the color categories in discovery. What does red mean?

Here is what was sent to me.

categories:

Chris Dieter

Dieter, Christopher
Tuesday, April29, 2014 10:47 AM Tran, Duke

Customer Service Representative Customer Specialty Services

Wells Fargo Home Equity I 18700 NW Walker Road #92 MAC P6051-01A
Tel 877·221-1608 I Fax 866-238 6879

Christopher.D!eter!fi!wetlsfargo.com

I Beaverton , OR 97006-2950

Follow up Flagged

Red Category

From: Moreland, caz
Sent: Monday, April21, 201411:54 AM
To: Boyer, Jonathon R.; Dieter, Ouistopher; FIQueroa-jalmes, Eliana; Francis, Jessica; Hager, Kathleen R.; Hughes, stephanie; Lattion, Tammy L.; Mcguire, Mard A.; Palumbo, Janice L; Peebles, Tyler D.; Phosavang, Sammy; Sirnantel, Mlshe M.; Stone, Elijah B.; Tran, Duke
Cc: Ledonne, Peter
Subject: Reminder!

Hi Guys just a reminder,

Please remember when you come across a situation where we have a lost contract, deed, any type of document, really, but especially when It relates to securing a property, we are not to share that with the customer. It’s ok to say that we need to do further research or something similar (and then escalate the situation to a leader), but if we find in the notes {or elsewhere) that we have a property where we don’t have a security document on file, that is not something we would share with the customer under any circumstance.

Posted in Uncategorized |