Wells Fargo Acknowledges Problems in Foreclosure Paperwork

Wells Fargo, which has stood by its foreclosure paperwork for weeks as other major lenders discovered errors and halted sales, conceded Wednesday it had discovered some flaws in its documents as well.

The latest acknowledgement of problems from one of the nation’s biggest lenders points out that the failure to scrupulously check legal documents before foreclosing on delinquent homeowners has been widespread in the industry.

Wells Fargo said it is submitting additional affidavits for roughly 55,000 foreclosures pending in 23 states, but said it does not have any plans to halt foreclosure sales.

via Wells Fargo acknowledges problems in foreclosure paperwork.

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