""Wells Fargo & Company"":http://www.wellsfargo.com will host a free workshop Thursday for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage, and Wells Fargo Home Equity customers facing financial hardships. Hundreds of South Carolina homeowners are invited to the event in Columbia, South Carolina.[IMAGE]
About 50 home retention team members, including bilingual representatives, will work one-on-one with mortgage customers who are having difficulty making their payments. Counselors will explore homeowner options, such as workouts and loan modifications, including assistance through the federal governmentÃ¢â‚¬â„¢s Home Affordable Modification Program (HAMP) and Wells FargoÃ¢â‚¬â„¢s own loan modification program.
""Wells Fargo wants our customers to succeed financially, and helping them stay in their homes is our top priority,""[COLUMN_BREAK]
said Mike Heid, co-president of Wells Fargo Home Mortgage. ""This workshop will offer homeowners who are facing mortgage payment challenges the opportunity to meet face to face with a representative to find options that could make the customer's home more affordable.""
Wells Fargo Home Mortgage decided to organize the company's 12th Home Preservation Workshop this year in Columbia since South Carolina has been hit hard by the economic downturn and foreclosure crisis.
""In early May"":http://dsnews.comarticles/south-carolina-supreme-court-halts-foreclosures-without-loss-mitigation-2011-05-03, the Supreme Court of South Carolina issued an administrative order halting all pending foreclosure actions until the lender can demonstrate they have worked with the borrower to pursue a loan modification or other loss mitigation option.
Ã¢â‚¬Å“While we believe the order to temporarily stop foreclosure proceedings by Honorable South Carolina Chief Justice Jean Toal is unnecessary, we understand many homeowners have felt the effects of the difficult economy, and weÃ¢â‚¬â„¢re doing what we can to work with our customers facing mortgage payments challenges to keep them in their homes and avoid foreclosure,Ã¢â‚¬Â Heid said.
Ã¢â‚¬Å“[F]oreclosure is a measure of last resort as far as weÃ¢â‚¬â„¢re concerned,Ã¢â‚¬Â Heid continued. Ã¢â‚¬Å“No one wins with foreclosure. Not the homeowner, not the community, and certainly not Wells Fargo.Ã¢â‚¬Â
Wells Fargo has organized more than two dozen such workshops nationwide, meeting with more than 20,000 homeowners.