Divorce Modification With Wells Fargo In Wayne
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FAQ
If one of the divorcing spouses wants to keep the home, applying for a modification while the divorce is pending is possible. But if both spouses signed the original loan documents, then both spouses will usually have to sign the modification documents.
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).
Improperly denied mortgage modifications: During at least a seven-year period, the bank improperly denied thousands of mortgage loan modifications, which in some cases led to Wells Fargo customers losing their homes to wrongful foreclosures.
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.
You must have purchased or acquired Wells Fargo common stock, traded on the New York Stock Exchange under the trading symbol WFC, during the Recovery Period. Your approved transactions must calculate to an Eligible Loss Amount as calculated under the Plan and the Distribution Payment must equal or exceed $10.00.
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. Here's a breakdown of how the bureau says accounts were harmed, how much customers could see from the settlement and more.
Consumers were illegally assessed fees and interest charges on auto and mortgage loans, had their cars wrongly repossessed, and had payments to auto and mortgage loans misapplied by the bank.
