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My wife and I applied for a home mortgage with Wells Fargo & Co. (NYSE: WFC). The good news is that it approved us! The bad news is that if I sign the loan application, as the bank generated it, supplied it and have instructed me to sign, I'll be committing a crime in the state of Wisconsin. It's a good thing I studied the Wisconsin statutes.The documents by Wells Fargo that I have in hand are fatally flawed, yet when informed of that, a representative of the bank insisted that we should sign them and send them back. I haven't signed them, I haven't sent them back and I won't. Now here's why:
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