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wells fargo – wrongful foreclosure 06/17/11 0600 e.a.

the lawsuit filed by an aptos man against wells fargo and u.s. bank has been settled out of court.  ron ward filed a lawsuit against the banks claiming that his aptos home was wrongfully foreclosed on last year.  ward and his wife had signed a mortgage deal with wells fargo in 2005, three years later the couple couldn’t afford the payments, and stopped paying to qualify for a loan modification.  after an offer was made by wells fargo, ward made monthly payments for 3 months before being threatened with an eviction notice.  the home had been sold at a FORECLOSURE auction.  the details of the settlement have not been released.

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