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Home | News | Loss Mitigation | Wells Fargo Aims to ‘Lift’ Neighborhoods in Los Angeles, Atlanta
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Wells Fargo Aims to ‘Lift’ Neighborhoods in Los Angeles, Atlanta

""Wells Fargo"":http://www.wellsfargo.com announced the launch of a new program, Neighborhood LIFT, which aims to bring reluctant buyers off the sidelines to help absorb excess inventory in two major cities.

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The bank established a goal of lending $10.5 billion to Los Angeles homebuyers and $1.3 billion to Atlanta buyers.

In addition, Wells Fargo designated $15 million to assisting homeowners with down payments in Los Angeles and $8 million in Atlanta.

The program starts in early February with two-day events that will bring important resources and information to prospective homebuyers.

Attendees will learn about down payment assistance and financing for homes and renovation projects.

The Los Angeles event will take place February 3rd and 4th, and the Atlanta event will take place February 10th and 11th.

Interested residents can register at ""NeighborhoodLift.com"":http://www.neighborhoodlift.com.

Wells Fargo chose to launch Neighborhood LIFT in Los Angeles and Atlanta because the two cities have been particularly hard-hit by the housing crisis, and both have high inventories of bank-owned properties.

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About Author: Krista Franks Brock

Krista Franks Brock
Krista Franks Brock is a regular contributor to DSNews.com and TheMReport.com. She previously served as managing editor of DS News magazine. Prior to joining DS News, she was managing editor of Southern Distinction, a regional lifestyle magazine based in Athens, Georgia. She is currently a freelance writer and editor for various online and print publications. She holds degrees in journalism and art from the University of Georgia, where she also earned a minor in Spanish.

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