Skip to main content

I know, there are so many problems facing us right now, it gets a bit overwhelming.  but, just in case you got distracted by some other worthy issues, here are a couple of reminders about how, for Big Banks, the risks... well, the risks usually belong to the little guy, who has very little recourse.

First, Wells Fargo Typo Victim Dies in Court  Mr. Delassus, ahead six months on his taxes, received a letter demanding he pay two years' worth of back taxes.  Wells Fargo had a typo on his parcel number and it was actually a neighboring condo that was behind on taxes.  The bank, after some months of debate of this with Mr. Delassus, doubled his mortgage payments to cover the back taxes he disputed that he owed.  The retiree, in poor health, was unable to pay that amount on his limited income and fell behind. By the time Wells Fargo's typo of two wrong digits on a parcel number was discovered and acknowledged as the culprit, Mr. Delassus was far behind.  Wells Fargo offered, for a reinstatement fee, to allow him to being making payments again, but never did reveal to him just how much the reinstatement fee would be.

Mr. Delassus ultimately was told to pay his loan in full, $337,250.40, by the next day, or lose his home.  Yes, he lost his home. This is heartbreaking and so worth your time to read the article.  Mr. Delassus sued his bank, but tragically died in the courtroom as his attorney argued on his behalf.

And then, there's this gem Report: Lenders wrongfully foreclosed on over 700 service members  "A review of foreclosure cases also turns up 20 homeowners who lost their home despite never missing a payment."  Yes, reviews of the rushed and massive waves of foreclosures, many suspect, have been showing some fascinating, but not unsurprising, results.  

Both these articles are worth taking the time to read.  I urge you to do so.  For now, my heartache and outrage meters have hit so high, I am just about speechless.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site