March 10, 2013

How do banks get away with this?

What a sad death.  I can't believe that the bank acknowledged its blunder but went ahead anyway with a cut rate auction.

Elderly man who lost his house because of Wells Fargo TYPO collapses and dies in court as he was still fighting the bank two years on

A 62-year-old veteran has keeled over and died in a California court while fighting a legal battle against banking giant Wells Fargo, which foreclosed on his home by mistake. Larry Delassus, of Hermosa Beach, lost his house two years ago after a typo in his assessor's parcel number suggested he was behind in his property taxes - but the number actually corresponded to his neighbor's home. Despite records proving he was in fact ahead of schedule on his mortgage payments and had paid his property taxes in advance, Delassus still had to go to court, which is where, on December 19, 2012, he suffered a massive heart attack and died.

His attorney and friend, Anthony Trujillo, was arguing against a tentative ruling issued by a Torrance Courthouse judge that sided with Wells Fargo, according to the Easy Reader. Trujillo noticed the bank's error while going through his friend's accounts and informed the bank, which acknowledged the blunder and fixed Delassus's credit history.  But they went ahead with selling his home at a cut price auction, the Easy Reader reported.
Judge Laura Ellison told Trujillo the case facts didn't justify his client's claim of fraud and negligence.
After almost an hour going through bank documents to prove Wells Fargo's mistake and his friend's innocence, Delassus went into cardiac arrest.

'He was sure that when a judge heard that he was never even late on a payment, that (the judge) would do something,' Debbie Popovich, a friend who accompanied Delassus to court, told Easy Reader.

In a statement, Wells Fargo called the death of their customer 'tragic' but said he had no business being in the courthouse.
The coroner determined heart disease killed the Navy veteran but his friends say the system that made undoing the bank's careless but catastrophic mistake near impossible really took his life. 

'He was very sensitive,' Popovich told LA Weekly. 'He was a very good person. He was kind of shy, and he had a really good sense of humor — really, he was a very simple guy who just liked to work and do his thing.'
Posted by Jill Fallon at March 10, 2013 5:18 PM | Permalink