Wells Fargo Customer Commits Suicide Over Foreclosure

Sinpac 2012/05/20 00:21:51
Wells Fargo will continue with the eviction of Mrs. Rousseau regardless of the suicide of her husband.

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

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

Read more: http://www.politicolnews.com/wells-fargo-customer-commits-sui...

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  • Cal 2012/05/20 03:26:45
    Oh wells fargo...well I'll keep my mean comments to myself. I want wachovia back.

  • danila777 Cal 2012/05/21 02:25:00
    I had Wachovia , but they were bought by Wells Fargo.
  • sjalan 2012/05/20 02:00:53
    Seems to me Mrs. Rousseau has a reasonable cause to file a wrongful death suit against Wells Fargo. And when she wins the multi million dollars settlement I hope she finds an enforcement agent that will foreclose on the Wells Fargo Headquarters with chains in hand to lock the doors and have a courthouse steps auction of the property to the highest bidder.

    Screw Wells Fargo.
  • Schläue~© 2012/05/20 01:01:25
    Banks aren't in the business of screening those who sign on the dotted line for mental stability.

    This is just one of many stories like this that have occurred over the past three years.
    It's truly a shame that banks were forced to lower their lending standards and qualified people whom they normally would have turned away to begin with.
    Thanks to the CRA's and the attitude that EVERYONE gets a trophy whether they could earn enough to afford one.

    All these people wanted was to keep their jobs or get a new one so thay could keep their homes. They didn't want unemployment, welfare checks and food stamps.
    We have spent the past three years flushing Billions down the drain chasing green energy pipe dreams and squabbling over an unConstitutional health care debacle.

    We should have focused on our $2.5 Trillion in badly needed infrastructure repairs and all those shovel ready jobs that turned out to be a lie.

    Our hose was on fire and this administration was worried about the leaky faucet.
  • jubil8 BN-0 PON 2012/05/20 00:34:20
    jubil8 BN-0 PON
    Gee, will President Obama call and offer his support?

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