[GPSCC-chat] Homeowner foreclosed on Wells Fargo

[Spencer Graves]

Man bites dog story: Wells Fargo tried to force a Philadelphia homeowner 
to carry $1M in insurance to cover the replacement value of the home, 
not merely the balance remaining on his loan.  He could make the basic 
loan payments, but didn't believe he should have to buy this extra 
insurance.  After Wills Fargo failed to respond to numerous requests for 
a meeting, etc., a Philadelphia homeowner first collected $1,173 from a 
Small Claims Court judgment.  When Wells Fargo failed to comply with 
other parts of the judgment, he got a Writ of Execution to foreclose on 
a local Wells Fargo branch office to cover what Wells Fargo had not paid 
him.  
(http://consumerist.com/2011/02/how-this-philly-homeowner-foreclosed-on-wells-fargo.html)


       Enjoy,
       Spencer


-- 
Spencer Graves, PE, PhD
President and Chief Operating Officer
Structure Inspection and Monitoring, Inc.
751 Emerson Ct.
San José, CA 95126
ph:  408-655-4567