Wells Fargo is suing itself to clear title on a property in order to foreclose on it; as the first mortgage holder, it must sue all subsequent mortgage holders, including the second mortgage holder...Wells Fargo!
The condo owner's attorney, Dan McKillop, suggested that the reason had to do with paperwork. While a lender could avoid suing itself as a lienholder by just releasing the lien after the foreclosure, that apparently involves an extra step or steps, which end up making it easier and faster for the bank to sue itself. That may be -- I don't pretend to understand this area of law -- but generally it is against the rules to file a complaint that you know cannot succeed (for example, because you can't recover against yourself), even if it may come in handy for some reason. Maybe this is in fact a clever strategy, or maybe, as a professor quoted by FOX Business suggested, "[t]his is just folks cranking out paperwork without conscious thought."
Financial Crisis Comes Full Circle As Bank Sues Itself
A handy guide from Chartlike Charts, whose return from its hiatus is both welcome and overdue.
Oakland-based designer and illustrator Peabe just dropped this hilarious take of Trump and Pence as Beavis and Butt-Head. Peabe has some other good ones, like this reimagining of Radio Rahim from Do the Right Thing as Megatron holding Soundwave If you’d like to encourage more of this sort of thing, stop by Peabe’s site and […]
Q: What’s E.T. short for? A: His legs aren’t very long. (modified from /r/jokes)
Python is immensely popular in the data science world for the same reason it is in most other areas of computing—it has highly readable syntax and is suitable for anything from short scripts to massive web services. One of its most exciting, newest applications, however, is in machine learning. You can dive into this booming […]
Learning new skills is a great way to improve your resume and stand out from other candidates. Especially in a workforce in which many job-seekers have a wide variety of qualifications. With lifetime access to Virtual Training Company, you won’t have to choose a specific focus. You can pick up new expertise whenever you deem it […]
Instead of throwing out all the empties after your next party, why not transform them into some new DIY glassware? Cut back on waste and add some home ambiance with the Kinkajou Bottle Cutter and Candle Making Kit.The Kinkajou is designed as a clamp-on scoring blade to make precise cuts. Just slide a bottle in, tighten […]