When a lawyer wields a regularly updated, 150-page compliance manual as evidence against a bank, it's more important than ever to make sure company documents are heavy on details.
That's a key takeaway from a recent lawsuit filed by a bankrupt homeowner against Wells Fargo. The plaintiff entered into evidence a "Foreclosure Attorney Procedure Manual" prepared by the bank for its outside lawyers, which Wells Fargo says is meant to help them follow state laws and regulations. According to Wells, the manual has been updated to keep pace with changing rules more than 30 times since the February 2012 version cited in the case. But bankruptcy lawyer Linda Tirelli interpreted it as a how-to guide for fabricating documents to justify foreclosures.