03 Jul 2013
- Written by Tri-State Defender Newsroom
Wells Fargo & Company is hosting a free Home Preservation Workshop in Memphis for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships.
Wells Fargo has invited 1250 mortgage customers to the free workshop, which will be held on July 11 from 9 a.m. to 7 p.m., at the Memphis Cook Convention Center – South Hall, located at 255 North Main St. Parking for workshop participants is free at the underground parking garage at the Memphis Cook Convention Center.
Homeowners whose loans are "under water" – meaning they owe more on their mortgage than the value of their home – may be eligible to refinance their loan based on criteria including demonstrating ability to repay. Depending on eligibility for a loan modification, homeowners who are behind on their payments may also receive a principal reduction on their mortgage.
Walk-ins are welcome although registration is strongly recommended to guarantee the ability to meet one-on-one with a representative. Customers should register by July 9 at www.wfhmevents.com/leadingthewayhome or call 1-800-405-8067 for more information.
Where possible, borrowers will receive a decision on a workout, loan modification or other options on site or shortly following the workshop. About 75 Wells Fargo home preservation specialist team members, including bilingual specialists, will be on hand to assist customers.
Customers facing mortgage payment difficulties also can call 1-800-678-7986 for more information about potential options to avoid foreclosure.