Wells Fargo Bank Sues Itself [In Case You Were Wondering What They Were Up To]

The Colorado Springs Real Estate Connection works with Wells Fargo Bank NA on several levels.

Some of our home buyers use Wells Fargo to obtain a new loan when purchasing a home for sale in Colorado Springs.

Other clients of ours are facing a foreclosure and so we help them “short sale” their home. This happens because they can no longer afford their mortgage payment – and sometimes the mortgage holder/lender/bank is Wells Fargo. In these cases, we are CONSTANTLY dealing/negotiating with Wells Fargo – often several times a day.

Read Also: Why a Colorado Springs Short Sale is a Great Alternative to Foreclosure

Anyway - Because of this, we found the following article to be HILARIOUS! It has GOT to be the epitome of MORONIC bank behavior we have EVER SEEN.

Wells Fargo Bank Sues Itself

Here is an excerpt from the Fox Business article that made us almost cry with laughter:

“Wells Fargo hired Florida Default Law Group., P.L., of Tampa, Fla., to file the lawsuit against itself.
And then Wells Fargo hired another Tampa law firm — Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. — to defend itself against its own lawsuit, according to court documents.” – Wells Fargo Bank Sues Itself, by Al Lewis

I used to wonder why it took hours/days/months to get a hold of anyone at Wells Fargo Bank NA – Now I know why. They have been , um … busy.

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Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
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Posted on July 12th, 2009 by Mariana Wagner

This entry was posted on Sunday, July 12th, 2009 at 9:21 pm and is filed under Foreclosure Information, MISC, Mortgage and Finance, Real Estate General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Jay Valento - Long Beach Real Estate said at July 12th, 2009 at 10:02 pm

    perhaps that’s how they get things done at Wells Fargo…

  2. Jay Thompson said at July 12th, 2009 at 10:02 pm

    Well this explains alot…

  3. Frank Borges LL0SA said at July 12th, 2009 at 10:23 pm

    I bet they will settle with themselves for an undisclosed amount.

  4. Mariana Wagner said at July 13th, 2009 at 7:31 am

    JayV – And it doesn’t make any sense.

    Jay – It explains more than I could even wrap my mind around …

    Frank – I bet they WILL! LOL!

  5. Mariana Wagner said at July 13th, 2009 at 7:35 am

    The last line in this article summed it up nicely:

    “I hope Wells Fargo loses this case and ends up having to drag itself all the way to the Supreme Court.”

    [http://www.foxbusiness.com/story/markets/al-lewis-wells-fargo-bank-sues/]

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