Second Liens Still Lurking at Wells Fargo

Wells Fargo Modification and a Second Mortgage Your question regarding Charter One is very difficult to answer. On one hand the second lien holder, Charter One, has very little incentive to foreclose on your property, because you are underwater.

 · Wells Fargo described the mistakes as technical and said it has no plans to halt the foreclosure process, though filing new paperwork will cause some delays. "We don’t believe that there are instances in which the foreclosures would not have occurred otherwise," said Teri Schrettenbrunner, a Wells Fargo spokeswoman.

 · We also continue to strengthen Wells Fargo’s leadership team through both internal promotions and external appointments. In the second quarter, we added three new members to our operating committee.

Wells Fargo extends debt relief to 2nd mortgages. extend mortgage relief to homeowners with second mortgages. Wells Fargo & Co. said Wednesday that it has agreed to modify home-equity loans in.

Over the Counter (OTC) Tax Lien & Tax Deed Tutorial with Stephen & Shade The Mitchells allege in count II of their complaint that Wells Fargo had no power to foreclose the mortgage on their home because first, MERS lacked the authority to assign the mortgage to Wells Fargo, and second, even if it had the authority, the assignment was invalid because it was improperly executed.

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Piggyback loans are slowly making a comeback as home values start to pick up. These loans mean a borrower takes out two mortgages at once. The second mortgage is in the form of a home equity loan.

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