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Wells Fargo Deceptive Mortgage Modifications Class Action Lawsuit
By Mike Holter
Wells 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.
Updated May 15th, 2012
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173 thoughts onWells Fargo Deceptive Mortgage Modifications Class Action Lawsuit
I am in Charlotte, let me no if I have a case. I lose my home cause Wells Fargo was saying that they did not get my money and letters that I send to them. Payment keep going up and up until I could not pay it anymore.
I’m in Ohio. We too asked for a modification and faxed them tons of documentation, they said they did not get everything and then put us in foreclosure. We made large payments to get it into modification only to be told to repeat the process over and over. At one point they sent us a letter stating they received our payment of $43,000.00. They screw up constantly.
Anonymous May, 2015
We are in Minnesota. We too asked for a modification and faxed them tons of documentation, they said they did not get everything and then put us in foreclosure. We made large payments to get it into modification only to be told to repeat the process over and over. At one point they sent us a letter stating they received our payment of $43,000.00. They screw up constantly.
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I would like to speak to an Attorney to look into this. They did this to me too. Now my house is going into Foreclosure AGAIN!! Please refer me to a good Attorney!
I’m trying to find out if i have a case against Wells Fargo. I tried to get my payments modified so I could afford the payments. I got it done Alittle over a year ago and the they raised my note up to where I could not afford it. So I tried again this time they ask for all this stuff . I faxed it to them and then they tell me that they didnt receive it with in the time frame they gave me and now I’m in forclosure. I have spoken to attorney who say that they should not have forclosed because my house is a HUD house. do I have a Case please let me know before it’s to late
I was thinking about submitting for loan modification, but after reading this. I think I will participate in the discrimination lending practice of Wells Fargo since I’m being charged 6.75% interest rate while another employee has a 3.5% rate and we both work for the same company. The only contrast between us is that I’m African-American and he is Caucasian.
uh…they did the same to me and made me pay back all the fees at end of the trial period…with no mention of making it permanent…refused to…this company is so full of fraud its sickening!
How can I contact someone about this lawsuit. I also have had problems with the loan modification with them. Thanks!
How can I join this suit? I am in Ohio and have been battling them since Aug. 2008
How can I contact someone about joining the lawsuit, I’m from Illinois.
Contact the CFPB and file a complaint
How can I contact someone about joining the lawsuit, I’m from Illinois.