Wells Violated Agreement Terms

If you have a mortgage from Wells Fargo, and are trying in vain for a loan mod, the following may be of interest to you. A Federal judge in northern California recently ruled that Wells had breached the terms of its settlement agreement on loan mods by using "evolving and perhaps ill-defined standards" in determining which borrowers were eligible for loan mods. By using standards to determine who got a mod and who didn't, Wells allegedly was increasing the difficulty that borrowers faced when trying to qualify for a mod. If you've had problems recently in getting your loan modified, check into it. Contact Wells and the Controller of the Currency to discuss your situation, and, while you're at it, you may wish to consider having your attorney join the conversation. As always, Good Luck.