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This settlement is closed!
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A proposed settlement has been reached in the Wells Fargo inspection fee class action lawsuit, resolving claims that Wells Fargo & Co. and Wells Fargo Bank, N.A. improperly assessed property inspections when a mortgage borrower allegedly fell behind on payments by 45 days or more and charged borrowers for that inspection.
Furthermore, the plaintiffs of the Wells Fargo class action lawsuit claim subsequent inspections of the mortgage property were also allegedly ordered every 25 to 35 days for as long as the borrower remained delinquent in payments.
Finally, the Wells Fargo inspection fee class action lawsuit claims the bank concealed these fees from by consumers by labeling them as “Other Charges” on mortgage statements.
The plaintiffs bring several claims against Wells Fargo in this inspection fee class action lawsuit, including violations of California’s Unfair Competition Law and violations of the Racketeer Influenced and Corrupt Organizations by improperly and illegally assessing and charging property inspection fees.
Wells Fargo denies all liability and wrongdoing in this inspection fee class action lawsuit, but has agreed to settle the case in order to avoid the uncertainty of further litigation and increasing court costs.
Per the terms of the Wells Fargo inspection fee class action settlement, Wells Fargo will pay $27,750,000 to establish a settlement fee to compensate eligible Class Members for damages allegedly incurred by Wells Fargo’s actions.
UPDATE: The Wells Fargo Inspection Fee settlement is currently under appeal. Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more. Keep checking back and let us know when you receive a check in the comments section below or on our Facebook page.
Who’s Eligible
You are a Class Member of the Wells Fargo inspection fee class action lawsuit if you had a mortgage serviced by Wells Fargo and you allegedly owe or paid a bank assessed inspection fee between Aug. 1, 2004, and Dec. 31, 2013.
Potential Award
Varies. Calculations of each Class Member’s portion of the settlement will depend on which settlement category they fall into and how many Class Members choose to participate in the settlement.
Proof of Purchase
Postcard Notices of this Wells Fargo class action settlement will be mailed to eligible Class Members on or before Oct. 17, 2015.
If you are part of the group of Class Members who are part of the “Post Sale” category, then you will need a Claim Number and Control Number in order to submit an online claim form. A complete claim form must be submitted online or mailed in postmarked on or before March 16, 2016.
Claim Form Deadline
03/16/2016
Case Name
Young v. Wells Fargo & Co., Case No. 4:08-CV-507 RP-CFB, in the U.S. District Court for the Northern District of California.
Final Hearing
01/21/2016
UPDATE 2 on August 4, 2017: Appeals are resolved and the settlement became final and effective on June 12, 2017. According to a motion filed with the court on August 1, 2017. the settlement administrator is still working through the claims review and deficiency process. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.
UPDATE 3: On December 5, 2017, a motion to distribute settlement funds was filed. Please keep checking Top Class Actions for updates. We will let our viewers know as soon as the motion is approved by the court.
UPDATE 4: On December 7, 2017, the court approved the motion to distribute settlement funds to valid claimants. It is not known how quickly claims will be paid at this time. Top Class Actions will continue to provide updates as we learn more. Keep checking back and let us know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Wells Fargo Inspection Fee Settlement
c/o Garden City Group, LLC
P.O. Box 10106
Dublin, OH 43017-3106
(855) 382-6434
Class Counsel
SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
REESE, LLP
Defense Counsel
SEVERSON & WERSON
FAEGRE BAKER DANIELS
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336 thoughts onWells Fargo Inspection Fee Class Action Settlement
I tend to agree with Anthony. If you received the card you need not do anything. Is that correct?
If I understand this correctly, if you received a post card AND if you have a current loan or if your loan was paid off (including refinancing with a different lender), you will automatically receive a check once the settlement is approved and pending all subsequent appeals. I received a post card and my loan is paid off therefore, sometime around August 2016, I should receive a check in the amount of ($27,750,000 less attorney fees divided by the total number of class members). Knowing the number of class members will be helpful. Cant find that info anywhere.
Reading my post card it says class members will automatically receive distribution but depending on how many people it may not amount to nothing
I just found out there will be more than 2,500,000 claimants. Looks like about $9.50 each. The attorneys made all the money as usual .
Jeff if your math is right I would have opted-out. $9.50 is obscene. I would/should have consulted an attorney. Hind sight can be so foolish for people like me.I had NO IDEA what I needed to do…
Just fyi we got 900 for our improper fees check.
2.7 million people, minus 4 that objected and minus 102 that opted out. Found on the below.
http://www.wellsfargopropertyinspectionsettlement.com/docs/miso.pdf
Hi, Anthony! so after all the fees are assessed how much would you receive? and would everyone receive the same amount ?
Have you received a check yet?
Wells Fargo are the Biggest CROOKS in the game!!! They need to be investigated by the DOJ and shut completely down!!! Why we can’t get any justice!!!!
Is this legit because when i go on to file a claim my computer keeps saying that this is a high risk site but i recieved a legal notice in the mail?
The website will not pass my mcafee anti spyware security. It is coming in Hot. As many have already posted….it has been close to a decade since we were scammed and foreclosed on and kicked out of our homes…..how in the hell am I supposed to find all the illegal payments that I made and on what date….since they are mislabeled anyway? No one can answer the phone due to high call volume. I have been through one class action lawsuit (with these sobs) and did not have to prove this kind of wrong on the other one. Finding and going through the paperwork will be a nightmare. I have also been through a class action lawsuit with a bank concerning overcharges. Guess who I had to go through to get the information from? THE BANK. The bank said they would research the info for me and it was going to costs $1000s to do so. Some class action settlement that was. Didn’t get a dime. This one sounds the same so far. Cant talk to anyone, you have to prove them wrong, find all of the paperwork,, sounds like BS to me. If they know I was over charged for these property inspections then they should take care of it. I do know I was charged for the property inspections because I questioned them at the time. Every month I got one. They were wrong they should pay and they should do the research.
So so long ago what if I don’t have the paper work?
Please advise me on how to correctly complete the proof of claim and get the accurate amount of the property inspection fees paid. Thank you.
Its been a number of years since the forclosure and I have no proof of the charges. Where can i find these?
I would also like to know how you can see if I was charged for this.
How can I get the information. I think i got something in the mail about this but can’t find the letter. Do you know if the claim information/claims number was listed on those letters? If so how can I get a copy sent to me
Thank you,
Myra M. Wilson
Yes. your claim number and control number is listed on the postcard. Call the claims administrator at (855) 382-6434 and ask if you can have another postcard mailed to you.
It has been so long and I can not locate any proof. Please advise me on what I need to do.
Thanks
It has been so long that I don’t have any proof that I paid these fees
What if I cant find my proof of payment records because its been this long and that I was foreclosed and kicked out of my house and while that Wells Fargo kept charging me and I have no access to those records either?
Im thinking any of you asking questions will not get answers unless you PAY for advice. Because you are class action, you will only receive regular info as everyone else included