Wells Fargo admits mistakes in 55K foreclosures
WASHINGTON -- Wells Fargo admits it made mistakes in 55,000 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.
wells fargo, foreclosure, housing, business
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