Feeds: Email, RSS & Twitter

Get Our Videos By Email


8,300 Unique Visitors In The Past Day


Powered by Squarespace


Search The Archive Of 15,000 Videos




Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"

Get Our Videos By Email


Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
« Chris Whalen & Jonathan Weil On 'State Of The Banks, Questionable Accounting At Wells Fargo' | Main | UPDATE - Treasury Admits Auto Bailout Will Cost Taxpayers $3.4 Billion MORE Than Previously Thought »

Wells Fargo Loses ALL Of Family’s Possessions After Wrongfully Foreclosing On Same Home TWICE

This sounds like a story you've heard before, but it's new.  And the house was completely paid for and did NOT have a mortgage.  Lastly, Wells Fargo paid no attention to the couple's complaints until the local media got involved.

Long live the banks and the kind souls who administer them.


ABC News

Wells Fargo employees wrongfully foreclosed a modest home in a small town in California, removing and destroying nearly all of an old couple’s belongings, twice.

Alvin and Pat Tjosaas, who have been married for 56 years, lost three generations worth of their belongings when a contracted foreclosure crew accidentally broke into the wrong house.  The Tjosaas had no mortgage on the house that Alvin had built with his dad as a teenager.

Good news, we know who took it: Wells Fargo.  Bad news, the stuff is all gone,” Alvin Tjosaas told CBS Los Angeles.

Subcontractors hired by the bank broke doors, smashed windows and stole valuables while foreclosing the couple's vacation home near Twentynine Palms.

A 14-year-old Alvin had build the house brick by brick with his dad in 1961 and has taken his family and kids there ever since.

“I put my whole life into this place, building it for my mom and dad,” he told ABC News.

“I know every inch, every rock… my mom mixed all the cement by hand,” he told CBS.

While the costly mistake was at the fault of Wells Fargo, the bank only recently started responding to the incident after the media got ahold of the story.

The way it’s been going, I don’t think they really care. That’s the way it’s been for three months. Now, all of a sudden, it’s you guys,” Alvin said in an ABC interview, referring to the media. “Now, all of a sudden, they call me.”

Wells Fargo released a statement of apology for the losses suffered by the Tjosaas family and said they are moving quickly to “resolve this unfortunate situation in an attempt to right this wrong.”

However, over Labor Day weekend, Alvin Tjosaas, went to check on the home and saw that it had been broken into and "vandalized" again.

The Tjosaases later learned Wells Fargo had hired another contractor who made the same mistake as the first.


Stories from earlier today:

Wells Fargo Just Fired A Man For Stealing A Dime In 1963

Whalen & Jonathan Weil On 'Questionable Accounting At Wells Fargo'



PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (5)

Final Tally: Wells Fargo Sets Another Production Market Share Record

Sep 10, 2012 at 6:31 PM | Registered CommenterDailyBail
Sep 10, 2012 at 7:16 PM | Unregistered Commenterjohn
The Insanely Bizarre Manifesto Of Discovery Channel Environmental Militant James J. Lee


Older story that I just stumbled onto.
Sep 10, 2012 at 9:21 PM | Registered CommenterDailyBail
This is one of those times that only beating someones @ss will do.
Sep 11, 2012 at 10:51 AM | Unregistered CommenterS. Gompers
This is felony breaking, entry and burglary. This should not be addressed by a civil court. This is a criminal issue and needs to be treated as such. If I broke into the wrong house and stole some property because I lost my keys and believed the house was my own, it could not save me from a criminal prosecution. A bank is no different. The contractors should be held criminally liable and prosecuted in their personal capacities.
Sep 11, 2012 at 3:46 PM | Unregistered CommenterMike

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.