When Ralph "Pete" Peterson of Spanish Springs saw a stranger taking photos of his house and suspected the man might have sinister motives, he confronted the person, who he said refused to identify himself.
The photographer sped off in a van, said Peterson, who went after him in his truck.
The driver -- a contractor for Wells Fargo Bank who was "inspecting" the house because Peterson had missed a monthly mortgage payment -- pulled over. An argument ensued and the bank's agent, who claimed self-defense, hit Peterson repeatedly with a sledgehammer, according to a police report.
The Christmas Eve incident is an example of a mortgage default inspection gone horribly wrong. Each man blamed the other for the escalation of violence. Each man said the other is lying about the circumstances of the case.
No charges were filed, but the altercation sheds light on how banks process cases in which homeowners are more than 45 days behind on a mortgage payment. Banks hire local contractors to inspect properties to determine if the resident is still living there. If the home is vacant, locks are changed, the property is secured and the bank takes possession.
Read on.
1 comment:
Mama is now finally finished with Wells Fargo and is now currently a customer of Quicken, with a lower interest rate, too.
Hey, no jokes about Arnold not being able to keep it zipped up?
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