Wells Fargo's Lawsuit First Step in Foreclosure Process

The bank needs to sell the Fulton Science Academy property where a new school was to be built so it can recover the investment of bondholders.

A lawsuit against Fulton Science Academy is a step in the foreclosure process on school property that will allow Wells Fargo to recover the investment of bondholders, according to bank officials and the school's attorney. "Wells Fargo acts as a trustee for publicly held bonds and has a responsibility to recover the investment of the bondholders. Wells Fargo is following the appropriate legal procedures to foreclose on this property," said Jamie Dexter in a statement issued by Wells Fargo. The property is on Fanfare Way in Alpharetta, which is next to the west side of GA 400. Only the middle school organization was the target of the lawsuit, Dexter said. Fulton Sunshine Academy and Fulton Science Academy High School were named in the suit …

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Police Search of Female Bank Robber

Have you seen this woman?

Suspect in Counterfeit Check Case Surrenders 3 Years Later

The following arrest information was supplied by the Alpharetta Department of Public Safety. It does not indicate a conviction.

In 2009 Wachovia/Wells Fargo lost $20,862 when two counterfeit checks were cased at two separate Wachovia bank branches in Alpharetta. Three years later, a suspect in the case showed up at the Alpharetta Public Safety building to turn himself in on an outstanding warrant. Both checks were written against the same company, Cooper Homes. One of the checks was made out to Jonathan Tucker. He showed up at police headquarters on March 26 to face the charges, which inclued thft by taking, first degree forgery and identification fraud. Tucker, 23, of Decatur, remains in Fulton County Jail. Credit Card Fraud Suspect Arrested The manager of a North Point Parkway store reported to Alpharetta police on March 19 that someone had stolen her American …

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Wells Fargo, Bank of America Dropping Debit Card Fee Plans

Non-profit group urges Suntrust to do the same.

Bank of America today joined at least two banks that heard the outcry of consumers disgusted with the monthly debit card fee and decided to pull back on those charges. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee," said David Darnell, Bank of America's co-chief operating officer. "Our customers' voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so." According to a news release issued by Wells Fargo & Company on Friday, Oct. 28, the bank is canceling its planned five-state (including Georgia) pilot of a monthly $3 fee for users of its debit cards as a …

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Prospect Park Property Still For Sale by West Fargo, But Some Say Deal Near

The bank says it's still marketing property, though a local banker who serves on City Council heard a contract is in place.

UPDATED 6:30 P.M.: Contrary to recent rumors, the 64-plus acres once planned as Prospect Park in Alpharetta remains for sale and on the market. Jeffrey Martin of Wells Fargo said that public records will confirm that the company is still owner of record through its Georgia commercial property company. "We're going through the marketing process right now," Martin said. He said the company does not discuss property it is marketing. While Martin will not discuss the property, Alpharetta City Councilman D.C. Aiken, an executie with SunTrust Bank in Georgia, has heard there is a deal. "My understanding is it's under contract. My understanding is it should close soon," Aiken said. The potential buyer is a known player and likes the way the …

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