Not confused it's that they pissed off too many bank customers. Honestly, I have no idea why people bank with these big banks. I noticed when I was in San Jose, CA most the banks were Wells Fargo or Bank of America. No small banks. Maybe in some places that's the only choice.
I had a piece of commercial property that Wells Fargo bought the mortgage and when I went to sell it they didn't have any of the paperwork. What should have been a simple deal became a nightmare. If you think about it selling mortgages without the consent of the original parties involved should be illegal. A mortgage is a contract between parties and when you sell a mortgage and someone else becomes the owner legally you should have to negotiate a whole new mortgage because the name of one party on the contract has changed.
It's amazing how sloppy banking has gotten on the legal side of things. The people have just gotten fed up with it. Plus these big banks are still full of toxic assets on their books they are trying to saddle us for while they steal from their regular customers. Basically these institutions are still broke and they should fail. Good riddins.
I had a piece of commercial property that Wells Fargo bought the mortgage and when I went to sell it they didn't have any of the paperwork. What should have been a simple deal became a nightmare. If you think about it selling mortgages without the consent of the original parties involved should be illegal. A mortgage is a contract between parties and when you sell a mortgage and someone else becomes the owner legally you should have to negotiate a whole new mortgage because the name of one party on the contract has changed.
It's amazing how sloppy banking has gotten on the legal side of things. The people have just gotten fed up with it. Plus these big banks are still full of toxic assets on their books they are trying to saddle us for while they steal from their regular customers. Basically these institutions are still broke and they should fail. Good riddins.
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