Man Forecloses on Bank for Failing to Respond to His Queries

According to the Huffington Post, a Philadelphia man took advantage of an old law and sued Wells Fargo for failing to “acknowledge written requests within twenty days.”  When he filed his complaint against the bank, it did not respond and he won a default judgment for $1173.00.  He then initiated foreclosure proceedings at Wells Fargo’s 1341 N. Delaware Ave. offices, to collect on his judgment, placing a sheriff’s levy against the office.

A similar law would be very welcome here in Florida, where homeowners are unable to get banks to respond to their letters, modification requests, and other questions.  Visit to learn more about how people deal with banks and other creditors.