In a recent report that covered their quarterly earnings and dealt with foreclosure homes for sale Mississippi indirectly, a press release from Wells Fargo said they considered foreclosures a last resort, but had no problems with the document signing procedures they use.
The recent release dealt with the issues surrounding government home foreclosures that have dotted the mortgage industry’s landscape for quite some time, and, of course, this document also highlighted Wells Fargo’s recent net income. The numbers were $3.34 billion in the third quarter for this year. That’s better than the $3.06 billion in the second quarter and $3.24 billion in the third quarter for last year.
Of course, the main concerns were the foreclosure homes for sale Mississippi and the issues surrounding government home foreclosures. As a result, Chairman and CEO John Stumpf’s comments were especially interesting:
“With respect to recent industry-wide foreclosure issues, foreclosure is always a last resort, and we work hard to find other solutions through multiple discussions with customers over many months before proceeding to foreclosure. We are confident that our practices, procedures and documentation for both foreclosures and mortgage securitizations are sound and accurate. For these reasons, we did not, and have no plans to, initiate a moratorium on foreclosures.”
That was good news pertaining to government home foreclosures specifically, because the threat of a moratorium has put a scare into the industry. Industry insiders and experts as well as potential investors were afraid that a moratorium would slow down the processing of these homes from coast to coast.
Foreclosure homes for sale Mississippi are all about getting a good honest deal and then proceeding to do the work necessary to make the home appealing for the investor to live in or resell on the market.
Start with our updated listings of foreclosures for sale at FreeForeclosuresSale.com. We have a 7-day trial too.








