Wednesday, February 23, 2011

Wells Fargo Dodges Sheriff's Sale Of Its Office Furniture As Bank, Judgment-Holding Philadelphia Homeowner Resolve Legal Dispute

In Philadelphia, Pennsylvania, The Philadelphia Inquirer reports:
  • 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.

For more, see Consumer 11.0: Borrower-bank dispute is settled; borrower wins.