Big Bank Fined Over $3 Million Over “Shocking” Foreclosure

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Foreclosed On — Even Though Insurance Was Supposed to Cover All Payments

A New Mexico judge issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man’s home after his death, even though he had a purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

District Judge Beatrice Brickhouse said the bank’s conduct was shocking and so reprehensible that in addition to actual damages, attorney’s fees, and court costs, she awarded James Dollens’s estate $2.7 million in punitive damages.

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Read the rest of this article on this shocking foreclosure.

Shame on you Wells Fargo and thank you Judge Brickhouse! Hope the appellate court upholds this verdict and restores some tiny measure of faith to the home-owning American public.

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