Here's How a Botched Wells Fargo Foreclosure Turned Tragic

Here's How a Botched Wells Fargo Foreclosure Turned TragicDespite billions in foreclosure settlements between government officials and the big banks, tragic stories of abuses or botched paperwork are still surfacing as in the case of Larry Delassus, whose heart stopped beating in court as his attorney argued on his behalf in a lawsuit against Wells Fargo.
On that day, Dec. 19, 2012, a series of unfortunate mishaps that started with a typo by Wells Fargo ended with Delassus’ death.
Wells Fargo’s typographical error was the reason the bank doubled Delassus’ mortgage — from $1,237.69 to $2,429.13 — in an attempt to recoup the $13,361.90 in taxes Delassus didn’t owe.
One of Delassus’ neighbors, whose condo “parcel number” was two digits different from Delassus’, owed the back taxes. The chain of unfortunate events began in early 2009.
Delassus, a retiree living in Hermosa Beach, California on a $1,655 check, couldn’t meet the jacked-up mortgage. He stopped paying, and soon was far behind on his mortgage.
Delassus and his attorney, a neighbor and friend, did not discover until May 2010 that a mis-entered number had dragged Delassus into a spiraling nightmare. As court documents obtained by L.A. Weekly show, after admitting its error, Wells Fargo foreclosed on Delassus anyway and sold his condo.
Delassus had to move to a tiny apartment in an assisted-living home in Carson.
A quiet man who suffered from the rare blood-clot disorder Budd-Chiari syndrome, Delassus was often hospitalized, but he didn’t owe a penny in taxes.
Delassus was actually six months ahead on his taxes, which he paid directly to L.A. County, before Wells Fargo made the typo.
Read the full account from L.A. Weekly.

One thought on “Here's How a Botched Wells Fargo Foreclosure Turned Tragic

  • March 11, 2013 at 1:09 pm

    This is a sad story – How can you have some kid working at Wells Fargo mis-enter a number and it screw up this guys entire life? How come this guy would not know that this couldn’t be right?

Leave a Reply

Your email address will not be published. Required fields are marked *