Ah, the nuttiness of our legal system. Reader Bettawrekonize sends in the news that Wells Fargo has sued itself in a foreclosure dispute
In this particular case, Wells Fargo holds the first and second mortgages on a condominium, according to Sarasota, Fla., attorney Dan McKillop, who represents the condo owner. As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is itself.
And, of course, being on the receiving end of a lawsuit, the bank has hired some lawyers (different than the ones it hired to file the lawsuit) to respond:
Wells Fargo hired Florida Default Law Group., P.L., of Tampa, Fla., to file the lawsuit against itself.
And then Wells Fargo hired another Tampa law firm -- Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. -- to defend itself against its own lawsuit, according to court documents.
Wells Fargo's defense lawyers even filed an answer to their client's own complaint.
"Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property," the answer reads. "All other allegations of the complaint are denied."
Isn't it great to know that, post-bailout, banks aren't wasting all that taxpayer money we gave them?