Larry Faulk, 59, is now living in his minivan, he told the Bay AreaReporter December 13.
“All I did was apply for a loan modification,” Faulks said. “And now I’m living in my car. Thank you, Wells Fargo.”
As previously reported, Faulks had been in the process of negotiating a loan modification with mortgage holder Wells Fargo. According to Faulks, the bank sold his home without his knowledge to DMG Asset Management, a firm with a history of buying foreclosed homes in the Bay Area. DMG has since sold the home to a new owner who hopes to move in shortly. Read More.