Too bad there ain't a crew like this around to take B of A down permanently....
Posted on 09/06/2012 9:46:03 PM PDT by rawhide
The owners of a modest home near Twentynine Palms lost their cherished possessions after a bank mistakenly foreclosed their residence.
A crew broke into Alvin and Pat Tjosaas’ desert home and took everything after being directed by Wells Fargo to secure the structure.
The couple, however, didn’t have a mortgage on the home.
Alvin said the deputy sheriff said, “Good news, we know who took (your possessions)…Wells Fargo. Bad news, your stuff is all gone.”
All the married couple has now are three generations of memories.
Alvin, a retired mason, built the home with his father when he was a teenager.
“I know every inch, every rock…my mom mixed all the cement by hand,” he said
A spokesman for Wells Fargo released a statement apologizing to the couple.
“We are deeply sorry for the very personal losses the Tjosaas family suffered as a result of their home being mistakenly secured,” said Alfredo Padilla. “We are moving quickly to reach out to the family to resolve this unfortunate situation in an attempt to right this wrong.”
Alvin and Pat remain distraught.
“When you put your heart into something…it makes me real sad. I’m just glad I have my sweetheart. We’ve been together a long time,” said Alvin.
(Excerpt) Read more at losangeles.cbslocal.com ...
There are plenty of people right here on FR who would argue different. Banks do not have to follow the law, they can forge document, commit perjury and fraud on a scale that would put most crime syndicates to shame and the most they have to do to get off the hook is pay a small fine while admiting no guilt.
You mean the people who bank at wells f——p will be paying that bill.
Are you being sarcastic?
Despite the nutty conspiracy theories, the US Constitution is still in effect and you can’t deprive a person of his property without due process of law.
No corporation can force anybody off their property, only a law enforcement officer with a writ from the court can do it.
And California is more litigious than most states when it comes to this stuff.
Just out of curiosity, why should it be that if a house is going to be “secured,” even if it has been legitimately foreclosed upon, for the sake of argument, that all the possessions should be destroyed or irretrievably disposed of? There could be plenty of value in the possessions, e.g. antiques, and they are simply not the bank’s property.
About 1% as sorry as you're about to be, if I'm on the jury, Al!
There are plenty of people right here on FR who would argue different. Banks do not have to follow the law, they can forge document, commit perjury and fraud on a scale that would put most crime syndicates to shame and the most they have to do to get off the hook is pay a small fine while admiting no guilt.
Sadly No I am not. Been following this for sometime. The amount of fraud and illegal behaviors especially in regards to securitized mortgages is staggering.
PS...CORRECTION:
Wells Fargoi!!!!
All those banks are effing crooks as far as I’m concerned.
Somebody signed off on this. If the law won’t deal with them, then that person needs to suffer in such a way that they beg for the law to put them in jail just to get relief.
Nature abhors a vacuum.
Uh, there is a difference between Wall Street fraud and kicking people off their property without due process.
I would like to see one documented case besides this one where a bank kicked a person off their property without going through an legal mortgage foreclosure process and unlawful detainer lawsuit and writ of possession.
What an incredibly ironically sad statement to have to come from someone with such an uplifting handle! I do truly hope that the evil-will-win cynical projection you describe will not be the one that happens!
I affirm your FReeper handle: hopespringseternal!
Heisenberg reaction moment!
You have to have 3 months previous notice, notices published in the newspapers, a registered 10 day notice before the sale.
And not only that, you need a writ from the court to get evicted by the sheriff.
That's all well and good. However, it seems the "subcontractors" had the wrong address:
The house recently had valuables stored in the garage, including decades worth of family heirlooms. But the house was in ruins after Tjosaas says subcontractors hired by Wells Fargo entered the property with a foreclosure notice in hand. The notice had the name Stephen A. Janosik on it, but the address for the Tjosaas family home…Tjosaas says the subcontractors broke down doors, smashed windows, tore down walls, taking anything of value to sell later on.
I think all retirees should own and be proficient in the use of miniguns. There is no reason "subcontractors" (or other critters known for address errors) need ever to know their grandchildren.
Here’s an example Countrywide sells two blocks of 20 million dollars each in securitized mortgages, now they give the someone a loan for $200,000. As soon as they close they take the loan off their books and assign the mortgage bank and the money coming in goes into a pool pay the owners of the various securities, but they never official and legal assign it to anyone. Now they are just the servicing agent, but they don’t actually own the mortgage. In Countrywide’s case they go out of business being brought by BOA, but as I said the mortgages are assigned blank and now not only are the parties that should have done the assignment gone the time to registers them by law has pasted. This leaves the whole system open to fraud.
That’s the question I have. Even if the bank honestly thought that the house was to be foreclosed upon, the possessions would then be auctioned off to help pay off what might be still owed on the mortgage.
It takes time to put things up for auctions, because you have to catalogued everything, unless you sell it en masse, but even that takes time.
The stuff should have been secured.
The only thing I can think of is that whoever emptied the house might have bought it off the bank unseen, with the expectation of selling the possessions in part would allow for a profit.
New details on key figure in major housing fraud case indicted after exclusive 5 On Your Side report
There is TONS of this going on.
PING!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.