[WSBAPT] Wells Fargo

[Mike Winslow]

RCW 61.16.030
Failure to acknowledge satisfaction of mortgage-Damages-Order.
If the mortgagee fails to acknowledge satisfaction of the mortgage as
provided in RCW  <http://app.leg.wa.gov/RCW/default.aspx?cite=61.16.020>
61.16.020 sixty days from the date of such request or demand, the mortgagee
shall forfeit and pay to the mortgagor damages and a reasonable attorneys'
fee, to be recovered in any court having competent jurisdiction, and said
court, when convinced that said mortgage has been fully satisfied, shall
issue an order in writing, directing the auditor to immediately record the
order.
I will inquire on a real estate list to determine if someone knows a contact
at Wells for a Recon. Failing that, a suit under above statute will get
their attention. The statute is pretty clear about fees and damages.
Mike
 
Michael A. Winslow
1204 Cleveland Ave.
Mount Vernon, WA 98273
Ph. 360-336-3321
Em. Mike at winslegal.com
 
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From: wsbapt-bounces at lists.wsbarppt.com
[mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Jennifer C. Rydberg
Sent: Wednesday, May 16, 2018 8:08 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Wells Fargo
 
How does one obtain a Reconveyance Deed from Wells Fargo?
 
Facts:  Client's mother obtained a Wells Fargo $100K HELOC and secured her
real estate with a Deed of Trust to Wells Fargo over a decade ago.  There's
been no activity on the account for years and a $0 balance when mother died
last year.  At sale of the real estate, the escrow company was unable to get
Wells Fargo to respond to its numerous requests to clear title or certify
the balance owed.  I tried mailing a request to the Wells Fargo CEO in San
Francisco, with no response.   The real estate recently sold, but the escrow
company held back $100K because there is no reconveyance deed.  
 
Your thoughts on how to obtain the needed reconveyance deed will be greatly
appreciated.  Is anyone aware of a class action lawsuit against Wells Fargo
that is dealing with this issue?
 
With kindest regards,
 
Jenny Rydberg 
 
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