Wells Fargo is offering help to homeowners
Nearly 15,000 homeowners struggling to pay mortgages with Wells Fargo have been invited to meet with counselors during a daylong workshop Thursday at the Tampa Convention Center.
It's the second time that Wells Fargo, the biggest home lender in the bay area, has brought a large-scale, home-loan-modification workshop to Tampa since 2009. Organizers said this is different from the first workshop here in October 2010. For one, as part of a national settlement with state attorneys general, homeowners may qualify for enhanced loan modifications, even principal reductions.
Hugh Rowden, Wells Fargo Home Mortgage regional servicing director, said that seven out of 10 times, the bank has been able to avoid foreclosure for delinquent homeowners who work with the lender. "If they don't, only one in three avoids foreclosure," he said.
Any Wells Fargo homeowners facing mortgage difficulties who can't attend the workshop are urged to call, toll-free, 1-800-678-7986 to discuss options.