This is the problem with the banks, and for that matter the courts

[still_one]

http://www.laweekly.com/2013-03-07/news/wells-fargo-typo-victim-dead-larry-delassus/

"On the morning of Dec. 19, 2012, in a Torrance courtroom, Larry Delassus' heart stopped as he watched his attorney argue his negligence and discrimination case against banking behemoth Wells Fargo.

His death came more than two years after Wells Fargo mistakenly mixed up his Hermosa Beach address with that of a neighbor in the same condo complex. The bank's typo led Wells Fargo to demand that Delassus pay $13,361.90 ­— two years of late property taxes the bank said it had paid on his behalf in order to keep his Wells Fargo mortgage afloat."

Wells Fargo should not go unpunished for this, but it looks like they will

[ms.smiler]

1. Mortgage servicers and banks have a number of tricks to manufacture supposed loan defaults.

Sometimes it’s forced placed insurance, or perhaps they misapply the funds from mortgage payments. There is also the loan modification scam where the homeowner is advised to cease making payments in order to qualify for a supposed modification.

I have no confidence that what happened to Mr. Delassus was accidental or simply an error. Even when supposed errors are discovered and pointed out to these companies, they are rarely willing to make corrections, preferring to foreclose.

Homeowners need to understand that the financial incentive is in foreclosing on properties, not collecting payments.

It’s sad but after researching these issues for four years, I came to view homeowners dutifully making their mortgage payments as those who are in pre-foreclosure. Unfortunately, I believe their day will come regardless of their payment history.