Wells Fargo Customer Commits Suicide Over Foreclosure

A Wells
Fargo customer who had a mortgage with Wells Fargo shot himself today,
after being on the edge of foreclosure of his home.

The Wall
Street banks continue to turf out homeowners caught in the deceptive
trading that caused the financial meltdown and continue four years later
to be thrown out on the street. It is not an isolated case of Banks
taking people out of their homes, and throwing them to the wolves
without shelter. The case of Norman and Oriane Rousseau in Newbury Park,
California, were deceived by the bank in what is called a predatory
mortgage.

The US employes Predatory lending practices which is a term for an unfair, deceptive loan and fraud practiced by US banks. The FDIC
calls it “an imposition of an abusive loan term on borrowers”. The
process is an illegal activity in the US loan and mortgage industry
fully needing to be regulated and abolished however it still continues
at Wells Fargo. Predatory lending specifically entraps homeowners into
an impossible situation while the bank continues in violating the terms
of the mortgage agreement.

In the
Rousseau case th bank claimed the Rousseau’s never made their payments
although Wells Fargo mistakenly applied their payment incorrectly. A
banking error that cost Mr. Rousseau his life and an excuse to foreclose
on his home and applying additional fees. The Rousseau’s were facing an
eviction notice yesterday, but Norman Rousseau killed himself on
Sunday. The couple even hired a lawyer that failed to clear up the
matter with the predatory bank, and Mrs. Rousseau doesn’t even have the
money to bury her husband. If you wish to contribute: contact their
attorney Chris Gardas : ChrisGardas@comcast.net