Economics

Banks Claim Foreclosed Homes Being Rented Illegally

Suing in court

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Wells Fargo and HSBC banks claim in court that fraudsters are trespassing on foreclosed properties, posing as owners and leasing the homes to unsuspecting tenants.

Wells Fargo Bank, HSBC Bank and a slew of predecessors and affiliates sued Pension Recovery Inc., Diversified Management, Blair Christopher Hanioh and Noel Rojas in Superior Court.