Obama is going to nationalize every house in America! You may or may not pay your mortgage. Either way, before the end of his first term, you won’t own the property!

This is insanity! He is going to give us free cars. He is going to pay our rent. He is going to pay our mortgage. He is going to give us health care. Shucks, I might as well quit now and save my employer the trouble of laying me off with a big severance package!

If Wells is the 1st and 2nd lienholder, it means they made a sub-prime loan. That means the buyer probably wasn’t good for it anyway. Remember, many banks were practically forced into this nonsense through legal efforts from the left. The second loan may have been made through a subsidiary, or just a “line of credit” from the same entity.

Wells most likely decidied it needed to take action against the buyer, and the difficult choice is filing any suit, because both entities probably cannot sue at the same time, and in a case like this the primary lien holder must sue everyone else, even if one of the other parties is itself.

Again, the idiocy here is that through legal pushing and shoving, the bank made this loan to begin with to a deadbeat. Now we get to watch an odd comedy unfold.

BTW: Wells Fargo is considered one of the best home mortgage banks in the country.

Perhaps the Obama administration can impeach itself.

infidel4life: Never happen, because they certainly won’t investigate themselves!

Common Sense said:
This confirms that we are definitely down the rabbit hole.

Alice: I’ve lost my way, which way shall I go?

Cheshire Cat: That depends a great deal on where you wish to go.

Alice: I don’t really know.

Cheshire Cat: Then it doesn’t really matter which way you go, does it.

Obama Administration in a nutshell.