Community Outraged at Foreclosure

The Town Talk reports that a recent attempt to foreclose a mortgage is drawing threats of civil suits and criminal investigations. The Wells Fargo bank has agreed to delay the foreclosure and investigate the mortgage after it was made clear that one of the co-signors of the loan had been dead for seven years before he allegedly signed the note.

"I think this company is going to look at this old mortgage and decide that whoever took this mortgage should never have taken it," [Alexandria attorney Chris] Roy said, adding that he hopes the bank "writes it off," restoring James' full ownership.

Posted by AJR at July 13, 2004 10:25 AM