Divorce Modification With Wells Fargo In Wake
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Most likely, you will be asked to provide proof of your financial hardship; some will require a letter explaining your hardship and why a modification is necessary. Beyond that, be prepared to document your finances in detail, no less than when you applied for your original mortgage.
Past financial problems like late payments, bankruptcy, or foreclosure can make lenders see you as a high-risk borrower. Also, lenders also check your recent financial activities. If you've refinanced or modified your loan recently, you might need to wait before you can apply for another modification.
The Garn-St. Germain Act permits certain mortgage assumptions in divorce cases, even for conventional loans. Basically, it can help you avoid the "due-on-sale" clause in some situations, making it easier to assume a mortgage during a divorce.
To change your name on your accounts, you will need to meet with a banker in your nearest Wells Fargo branch. Please bring your updated photo ID and an original or a certified copy of any supporting documents (such as marriage certificate, divorce decree, or other court orders).
Then the findings are assessed, including current financial situation, assets, debts, income, and current property value, After reviewing all the facts, including verifying the property's current value, a determination is made as to what kind of Modification would be best.
If you want to change the name, title or gender on your bank accounts, you can let us know either by visiting us in branch or writing to us.
Whether visiting a bank location in person or using a bank's customer service phone line to initiate a name change, you should be prepared to provide these documents: A certified copy of your marriage certificate. Your updated Social Security card. Your updated photo ID (driver's license, passport, etc.).
One in three American households is a Wells Fargo customer and is affected by its business practices and "corporate culture," the CFPB says. More specifically, Wells Fargo customers who had either an auto loan, mortgage loan or bank account between 2011 and 2022 were affected and may be eligible for a payout.
How do I change or add another email address, phone number, or mailing address? Simply sign on to Wells Fargo Online® and access Update Contact Information to review your email addresses, phone numbers, and mailing addresses. If your new address is outside of the United States, please contact us at 1-800-956-4442.
