Wells Fargo Offers Help For Homeowners (Demo)

September 13th Home Preservation Workshop being held by Wells Fargo to Help Prince George’s County Customers Facing Mortgage Payment Challenges 

Walk-ins are welcome, though registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative.  Sign up by Tuesday, September 11, 2012 at www.wfhmevents.com/leadingthewayhome.  Wells Fargo has invited more than 13,400 mortgage customers to the free workshop which will be held on Thursday, September 13, from 9 a.m. to 7 p.m., at the Prince George’s County Sports & Learning Complex, 8001 Sheriff Road in Landover.  Attendance and parking are free. For more information call 1-800-405-8067.
COME OUT AND GET HELP.  I’ve been looking at Metro Trends stats on which counties are posting high numbers of late mortgages and high foreclosure notices so Bowie zip code 20716 and Forestville 20747, and Landover 20785: You really need to be in attendance.  Please arrive 30 minutes before your scheduled appointment. Your appointment will be honored up to 15 minutes past the scheduled time. If you miss your appointment, we will work to schedule you at the next available appointment.   For questions regarding your appointment, please call 1-800-405-8067, M-F, 8a-5p CT.
Please check the website for all documents needed.

Please plan to bring your most recent financial information, including:

· Photo I.D.

· Mortgage statement

· A letter explaining your situation

· A list of all assets and expenses


For each salaried borrower:

· Recent paystubs

· W-2s

· Complete tax returns (all schedules & pages)


For each self-employed borrower:

· Complete tax returns (all schedules & pages)

· The most recent quarterly or year-to-date profit and loss (P&L) statement

Make no mistake, this is no act of benevolence.  An investigation by the Department of Justice’s civil rights division found that mortgage brokers working with Wells Fargo had charged higher fees and rates to more than 30,000 minority borrowers across the country than they had to white borrowers who posed the same credit risk.  As part of the proposed settlement, Wells Fargo admits to no wrong doing.  The $175 million settles accusations that its independent brokers discriminated against black and Hispanic borrowers during the housing boom.  Umph.

Where possible, borrowers will receive a decision on a workout, loan modification, or other options, on site or shortly following the workshop. Options include Wells Fargo’s own loan modification program and the federal government’s Home Affordable Modification Program (HAMP). About 75 Wells Fargo home preservation specialist team members – including bilingual specialists – will be on hand at the upcoming workshop to assist customers.
Customers facing mortgage payment difficulties also can call 1-800-678-7986 for more information about potential options to avoid foreclosure.

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