Wells Fargo executives sure know how to party. They may suck at mortgage servicing and loans modifications, but they sure know how to have Malibu beach front foreclosure romps.
A Wells executive, Cheronda Guyton, senior vice president for foreclosed commercial properties apparently per the LA times, “hosted parties and spent long summer weekends in the $12 million Malibu beach house.” Neighbors said the woman stayed there with her husband and two children, in the Malibu Colony. The family spent long weekends at the Malibu home and had big parties until the end of August. They even had a yacht just offshore from the beach front home, with one of those inflatable dinghies to take people back and forth to the shore.
Can you believe this?
LA Times:
But some neighbors say the real shocker came when they saw one of the bank’s top executives spending weekends in the $12-million beach house and hosting eye-catching parties there. What’s more, Wells Fargo spurned offers to show the property to prospective buyers, a real estate agent said.
“It’s outrageous to take over a property like that, not make it available and then put someone from the bank in it,” said Phillip Roman, an 18-year Colony resident who lives a few homes away from the property.
Residents identified the house’s occupant as Cheronda Guyton, a Wells Fargo senior vice president who is responsible for foreclosed commercial properties.
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