Sarah Mirando  |  May 15, 2012

Category: Legal News

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Wells Fargo Deceptive Mortgage Modifications Class Action Lawsuit

By Mike Holter

 

Wells FargoWells Fargo is facing a class action lawsuit from struggling homeowners, who say the bank lied to them about being able to receive permanent loan modifications.
The Wells Fargo class action lawsuit was filed by a Kansas City couple, who say the bank offered temporary mortgage modifications with no intention of making them permanent. The couple alleges in the class action lawsuit that Wells Fargo allowed them to make lower mortgage payments multiple times, only to later inform them that the mortgage was in default and that the bank would foreclose on their home.
Wells Fargo is already on the hook for foreclosure abuse charges. It is one of four other banks participating in the historic national mortgage settlement, which will provide nearly $25 billion in relief to struggling homeowners.
A federal judge dismissed some of the class action lawsuit’s claims last week for breach of contract and debt collection violations, but allowed their unfair competition claims to remain. The judge gave the Plaintiffs permission to amend their complaint to allege damages from the bank’s alleged breach of contract.
The Wells Fargo loan modification class action lawsuit is brought on behalf of all homeowners nationwide who received a trial loan modification proposal substantially similar to the TPP (Home Affordable Modification Program Trial Period) from Wells Fargo; made the payments set forth in the proposal; and were either (a) denied a permanent loan modification; (b) offered an illusory “modification” on terms substantially similar to their unmodified loan; and/or (c) who received, entered into, and complied with a Forbearance Plan from Wells Fargo.
The case is Vicki and Richard Sutcliffe v. Wells Fargo Bank, N.A., et al., Case No. 11-cv-06595 JCS, U.S. District Court, Northern District of California.

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Updated May 15th, 2012

 

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173 thoughts onWells Fargo Deceptive Mortgage Modifications Class Action Lawsuit

  1. Megan Rundell says:

    Wells is going to foreclose very soon over a debt I didn’t know I had for a time I was on a Covid Relief Forbearance program. They are changing things in my account like the number of loans that I have with Wells Fargo. They send instructions and then email me saying they won’t accept. They have been dodging simple questions from the start.
    I am disabled. Very sick right now. Email communication is preferred method.
    I desperately need help and advice.

  2. Traci Longberg says:

    We were told over the phone that we did not qualify for the modifications on both homes. We lost one of our homes.

  3. sherry olivo-wecht says:

    add me please

  4. Pam says:

    We had adjustable rate kept going up we asked for loan mod told we couldn’t get because we weren’t behind in payments never even been late they told us we had to stop making payments to qualify after a few months then said we couldn’t because we were behind in payments and wouldn’t except past due amount in full got a lawyer who ended up to be scammer somehow we go to keep house after a couple years of threats and harassment and humiliation but 95 percent goes to interest and every year we have to make lump sum payment and payment goes up got a check a couple years back for 130 bucks saying if u cash this u r out of class action didn’t cash never heard another word any info anyine

  5. Mona Abdel says:

    Never heard anything. I lost everything. No one knows anything when I call around. Not right

  6. Mandy Deakin says:

    Wells Fargo foreclosed on my home in 2014 after 4 years of fighting for a modification, plenty of income and good credit. Just wanted my ex husbands name off. Not only did I lose my home and the only home my children had ever known, I was also found in contempt with the Court. I posted on here last year and still haven’t heard a word from anyone about anything.

  7. Darlene says:

    I would like to know as well. They took my modified payments for years never contacting me that there is an issue , and unapplied all my payments ,them charging me as though I never paid them . I have print outs of all my payments billing statements and so on

  8. Bonnie Feichtinger says:

    If anyone can tell me how to take part of this lawsuit I sure would appreciate it, wells Fargo did this to us and we lost everything just as many other people have and they should be held accountable for it.

    1. sharon says:

      Lets talk
      I have been fighting this now for 10 years and WF finally admitted their wrongs but have not corrected it

      Need to become part of this also

  9. Ron B says:

    So has anyone found out if there is a class action lawsuit and where or whom do we contact?

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