Wells Fargo Wrongfully Foreclosed on Homes

Wells Fargo Bank admitted that an accounting error caused hundreds of homeowners to lose their homes in foreclosure because they were incorrectly denied a modification.

The bank has offered compensation to borrowers affected.

This is another revelation from Wells Fargo which has been hit with several abusive practices violations since the mortgage crises and billions of dollars in fines.

Homeowner and borrowers with Wells Fargo who were denied a modification should carefully review their loans to determine if it was done properly.