The New York Post reports that one of Wells Fargo’s own foreclosure manuals could be used against the bank in a bankruptcy trial.
Or as the Post puts it more bluntly, “Wells Fargo is in a federal judge’s hot seat.”
On March 12, The Post broke the news of a bankruptcy lawyer’s allegations in court papers that the 150-page manual, written on Nov. 9, 2011, provides procedures for fabricating foreclosure papers on demand. According to court papers, the manual details “a procedure for processing notes without endorsements and obtaining endorsements and allonges.”
Robo-signed documents have often been discovered en masse during the recent financial crunch, and can void a bank’s attempt to proceed to foreclosure.
The book in question is called the “Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual.” Manhattan lawyer Linda Tirelli argued to bankruptcy judge Allan Gropper that the endorsements on her client’s mortgage note were “fraudulent in nature.” If the disputed manual is admitted in to evidence, it’s contents could become well known, and possibly support claims by homeowners against Wells Fargo all across the nation.
by Doug Beaton