I'm Calling This, David & Goliath

[the dangling wrangler]

I've posted this on a few sites now, so if you've read it already, stop reading it.
If only more folks knew the laws.

http://consumerist.com/2011/02/how-this-philly-homeowner-foreclosed-on-wells-fargo.html

[coolwhip]

Great read, but what a PIA that guy has had to go through. Im curious as to what will be said at the meeting.

[the dangling wrangler]

Great read, but what a PIA that guy has had to go through. Im curious as to what will be said at the meeting.

I'll try and follow this one. I'm interested too.

[ga-hvac-tech]

Cool!

Bankers are always crooks... and when the govt backs them (as Obama has), they get a really FAT head. Good for the HO, the bank learned a lesson in humility and reality.

Now as the comments said: We need to hear the outcome... :)

[small change]

Follow up

Consumer 11.0: Borrower-bank dispute is settled; borrower wins
By Jeff Gelles

Inquirer Business Columnist

Wells Fargo, the banking Goliath, apparently met its David in Philadelphia music promoter Patrick Rodgers. On Monday, Rodgers declared victory and put away his sling.

When we first met Rodgers a week ago, he was a man with a complaint about Wells Fargo Home Mortgage. He'd even volunteered his own headline: "Philadelphia homeowner 'forecloses' on Wells Fargo."

It was a slight exaggeration, but Rodgers had indeed taken Wells Fargo to Municipal Court and won a $1,000 default judgment when the mighty bank didn't bother to have anyone show up. When Wells Fargo didn't pay, Rodgers obtained a sheriff's levy to enforce the judgment.

The result was a "Sheriff Sale" poster almost guaranteed to make his story go viral on the Internet: To satisfy the judgment, furniture and other contents of a Wells Fargo office on North Delaware Avenue were scheduled for sale next month.

It was easy to see how Rodgers' tale would resonate with Americans weary of a foreclosure crisis largely caused by the finance industry's foolish practices. Living out a payback fantasy probably shared by millions of Americans, Rodgers quickly became a small-scale national hero.

Other journalists and TV producers even contacted me in search of Rodgers, who I promise is not in hiding. On Monday, someone called from Comedy Central's The Colbert Report. Rodgers - who sports a vampirelike look, owns a Queen Village music store, Digital Ferret, and books concerts for industrial, electronic, or goth musicians - is clearly enjoying his 15 minutes of national fame.

But a legal dispute is a legal dispute, and Rodgers was happy Monday to say he had settled his fight after two conversations with a Wells Fargo officer. He had taken the mortgage company to court without a lawyer and was going it alone till the end.

"I'm certainly pleased that it's over - it was an enormous drain," Rodgers said. He may be getting a kick out of the attention, but he added, "I wish it had been resolved at an earlier juncture without the need for litigation."

Rodgers had won the $1,000 judgment in December after Wells Fargo failed to respond to his questions about charges that added about $500 to his monthly bill - a failure he says violated the federal Real Estate Settlement Procedures Act (RESPA), which gives borrowers the right to expect timely answers to formal questions.

Monday's settlement was plainly worth much more - though neither side was offering details.

http://www.philly.com/philly/business/20110222_Consumer_10_0__Borrower-bank_dispute_is_settled__borrower_wins.html

[the dangling wrangler]

Honestly, I didn't know they called it David & Goliath too.
Thanks for the rest of the story.

[coolwhip]

Im bummed...I was hoping for a transcript of what went down at the meeting.

[the dangling wrangler]

Im bummed...I was hoping for a transcript of what went down at the meeting.

That aint gonna happen. Probably part of the settlement process.