Wells Fargo To Re File 55 Thousand Foreclosures

10.28.10 | FL News Team

(Charlotte, NC)  --  The second-largest largest home mortgage servicer in the nation says it will re-file documents in 55-thousand foreclosure cases.  Wells Fargo admitted it found "human errors" in its examination of documents in cases in 23 states.  A spokesman would not discuss the nature of the problems.  Wells Fargo aims to re-file the documents by the middle of November.

The re-filings come as allegations continue to mount regarding the use of so-called robo-signers in executing massive quantities of allegedly flawed documents filed in foreclosure cases.  Ohio Attorney General Richard Cordray is one of 50 state attorneys general who are taking up the issue.  He filed a case against Ally Financial earlier this month over the allegedly flawed foreclosures.  Of the Wells Fargo announcement, Cordray said it, "makes it hard to believe any of the big financial firms in terms of what their process has been."