Wells Fargo Foreclosures Proceed After Data Queried

Via Bloomberg by Dakin Campbell and David Mildenberg.

Wells Fargo & Co. is standing by the accuracy of its foreclosure filings and won’t follow competitors in delaying seizures, after an employee testified he signed documents for proceedings without personally reviewing records.

The bank said yesterday it doesn’t plan to halt repossessions because its “procedures and daily auditing demonstrate that our foreclosure affidavits are accurate.”

So it looks like their strategy is — If I bury my head in the sand, maybe this will all go away.