If you experienced home foreclosure by Wells Fargo after being denied a loan modification, or perhaps you were not offered one, you may have a legal claim.
Wells Fargo has acknowledged a processing error in a mortgage underwriting tool that has incorrectly denied or did not offer modifications to 625 customers.
They have estimated approximately 400 of the 625 homes were ultimately foreclosed on.
Contact us today for a free legal consultation to learn your rights.
Call 877-429-2545 or complete the form below:
Wells Fargo Admits Mistake
After an internal review, Wells Fargo uncovered an error that has foreclosed on 400 homes across the nation.
The bank has reported setting aside $8 million for affected customers, which works out to about $12,800 average compensation per borrower.
“We’re very sorry that this error occurred and are providing remediation to the approximately 625 customers who may have been impacted,” said a bank spokesperson.
Consumer advocates say the bank has “failed customers miserably” and the remediation dollars “insulting.”
According to a disclosure in a securities filing, the bank said the internal review has been substantially completed.
Read the full disclosure, here.
Wells Fargo Under Investigation
Our attorneys are currently investigating for any Wells Fargo customer who may have been foreclosed upon due to this recently discovered error. If you were denied or not offered a loan modification, please contact us today for a free, no-obligation consultation at 877-429-2545.
WE ARE STANDING BY 24/7, WAITING TO ASSIST.
Milberg Tadler Phillips Grossman is working with the law firm Sanders Phillips Grossman in evaluating the rights of homeowners who have experienced home foreclosure by Wells Fargo.
Milberg Tadler Phillips Grossman
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New York, NY 10119