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September 20, 2007

Couple Awarded $1 Million For Bad Credit Reporting

Every once in a while it's nice to see that the little guy wins.

Below is an article from a mortgage industry newsletter we subscribe to that had a sad story with a relatively happy ending.

Good luck.

Alex Weiss
WealthBuilderUniversity.com , co-founder

Couple Awarded $1 Million For Bad Credit Reporting

With spotless credit, Reed and Mary Ann Fisher had always paid their mortgage on time, but a two-year nightmare began when Wells Fargo started to falsely report them as delinquent.

Even after the mortgage was transferred to Freddie Mac, the original lender did not clean up the credit report as they had told the couple, but rather went on reporting them to the credit agencies and even began foreclosure proceedings on the property to which they had no claim.

The rest of the article can be found at http://www.mortgageledger.com/modules.php?name=News&file=article&sid=2463

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