3 ms·
I found it rather confusing as well. As I understand it, this is how it went down: 1) He made a "Qualified Written Request" to Wells Fargo (W.F.). I don't k
by georgieporgie 16y ago
I found it rather confusing as well. As I understand it, this is how it went down:
1) He made a "Qualified Written Request" to Wells Fargo (W.F.). I don't know exactly what the request was for though. Presumably an explanation of mysterious charges from W.F.
2) W.F. failed to acknowledge within 20 days and/or act within 60.
3) He filed a suit in small claims court regarding this failure to respond and won by default, since W.F. failed to show up in court.
4) W.F. failed to pay the judgment (?), so he went to the Sheriff to have them place a levy (fine) on Wells Fargo via (presumably) their property.
5) W.F. fails to pay the levy (??), so the property is put up for sale by the Sheriff's department.
(I put question marks in all the areas where the article isn't clear)
Here's the first Google result for Sheriff's sale:
http://www.hudclips.org/articles/what-is-a-sheriff-sale-how-does-it-work/ http://www.hudclips.org/articles/what-is-a-sheriff-sale-how-...
It's basically a foreclosure, so the headline is only sort-of misleading.
- deleted 16y ago[deleted]
- MichaelApproved 16y agoI believe they did pay the judgment but didn't rectify the original QWR request. I still don't understand how that allows him to foreclose on the property though.
- funthree 16y agoA levy is a legal procedure. It is the act of seizing property to pay for a debt. Wells fargo didnt pay their legally obligated debt to this man, so he used that (levy) legal process to go after their local office. It's very odd, that's why it's a popular story
- poet 16y agoIt's not popular because it's odd, it's popular because these types of freak situations happen to regular old homeowners all the time: http://www.jpmorganchase.com/corporate/Corporate-Responsibility/new-programs-for-military.htm http://www.jpmorganchase.com/corporate/Corporate-Responsibil.... Only this time the tables have turned and it's the bank that is getting foreclosed on.