Loan Modifications: Wells Fargo Moves to Reduce Forclosures In California

Wells Fargo & Company (NYSE:WFC) has elected to offer free workshops that will assist with home owners wishing to avoid foreclosure. The Workshop will occur over two days, Wednesday Jan. 18, 2012 and Thursday Jan 19th. The workshops take place from 2:00 to 8:00 p.m. on Wednesday and from 9:00 a.m. to 7:00 p.m. on Thursday.

Wells Fargo has faired better than most in their efforts to help home owners retain their homes. Less than 2.0 percent of the loans secured by owner-occupied homes and serviced by Wells Fargo resulted in a foreclosure sale over the past twelve months. In the third quarter of 2011, 7.63% of the first mortgage and home equity loans Wells Fargo services were delinquent on had been placed in foreclosure. At the same time the industry average was 10.70%. Please click the following to learn more: Loansafe.org: Wells Fargo Mortgage Customers in Central Valley to Receive Assistance on Wednesday and Thursday at Stockton Arena