Wells Fargo Home Preservation Event

I came across an interesting article at American Banking News about Wells Fargo, that I thought I'd share with you all.  The article states that Wells Fargo now performs THREE modifications for every ONE foreclosure on owner-occupied properties.  In addition, Wells has more than doubled their "Home Retention" staff in 2009 to over 15,000 people.

Yes, we know that big banks, like Wells, still have a LONG WAY to go (no flame wars, please). -  But Wells' commitment to keeping people in their homes was on display here in St. Paul at the RiverCentre on Wednesday and Thursday.  Hundreds of homeowners were able to meet face-to-face with representatives at Wells Fargo to discuss their options for avoiding foreclosure.

The event was EXTREMELY well organized... here's a "behind-the-scenes" picture of the loss mitigation scheduling chart the organizers used:  (Click to enlarge)

The Center's applauds all efforts that large banks like Wells make to openly engage with struggling homeowners, and our counseling network was pleased to be able to participate. 

Here are a few follow-up pictures of some of the Foreclosure Counselors that were on-hand during the event:

(Aliesha Kruck (L), Twin Cities Habitat for Humanity; Rock O'Bannon (R) Minneapolis NHS)

(Celeste Tometz, City of St. Paul PED)

(Dana Snell (L) from the Center speaks with Laura Carroll and Celeste Tometz of the City of St. Paul PED)

One other fun picture I thought I'd add... in the 'waiting lounge', Wells had set up a small movie screen with inflatable chairs for the kids (and grown-ups) to watch movies while they waited:

Are other lenders & servicers interested in hosting similar events? the Center would be pleased to assist.  Contact us for more information.

If you're a struggling homeowner that wasn't able to attend... or don't have a Wells Fargo loan... help is still available!  To find your local Foreclosure Counselor, click here.