Wells Fargo Admits Mistakes in 55,000 Foreclosures

By: From 13 News
By: From 13 News

SAN FRANCISCO -- Wells Fargo admits it made mistakes in 55,000 home
foreclosure cases and promises to fix them.

The San Francisco-based company says it is plans to refile the documents by mid-November. The company describes the mistakes as
technical and says it sees no need to halt the foreclosure process.

``We don't' believe that there are instances in which the foreclosures would not have occurred otherwise,'' says Teri Schrettenbrunner, a Wells Fargo spokeswoman.

The documents are being refiled in the 23 states where a judge's approval is needed to complete a foreclosure.

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