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Friday, October 29, 2010

Wells Fargo Admits to Thousands of Foreclosure Mistakes - DailyFinance

Wells Fargo Admits to Thousands of Foreclosure Mistakes - DailyFinance: "Wells Fargo (WFC) admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them.

The San Francisco-based bank said it plans to refile documents in 55,000 of the cases by mid-November. The company said not all those cases included errors but didn't say how many thousands did.

Wells Fargo described the mistakes as technical and said it has no plans to halt the foreclosure process, though filing new paperwork will cause some delays."

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