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Wells Fargo d/b/a America’s Servicing Company Class Action Lawsuit Complaint Filed Over Mortgage Loan Modifications

Wells Fargo Homeowners File Class Action Lawsuit Complaint Against Wells Fargo & Co., Wells Fargo Home Mortgage and Wells Fargo Bank, N.A. d/b/a America’s Servicing Company Over Mortgage Loan Modification Practices.

A class action lawsuit has been filed against Wells Fargo & Co., Wells Fargo Home Mortgage and Wells Fargo Bank, N.A. d/b/a America’s Servicing Company (collectively “Wells Fargo” or “Wells Fargo Bank” or “Wells Fargo Home Mortgage” or “America’s Servicing Company” or “Defendants”) in the United States District Court for the Northern District of California (styledForster, et al. v. Forster, et al. v. Wells Fargo & Co., Wells Fargo Home Mortgage and Wells Fargo Bank, N.A. d/b/a America’s Servicing Company ) alleging, among other things, that Wells Fargo improperly induced plaintiffs and the class into breaching  the terms of their mortgage agreement and causing them to default on their mortgage loans with the intention of collecting and retaining late fees, interest and penalties by informing the borrowers that loan modifications would not be considered for those individuals who were current on their payments, according to the Wells Fargo mortgage loan modification class action lawsuit complaint.

The Wells Fargo d/b/a America’s Servicing Company mortgage loan

modification class action lawsuit complaint reportedly is brought on behalf of the following putative class of persons:

All persons who: (1) have or had a residential mortgage that is currently being serviced or was previously serviced by ASC during the applicable statute of limitations (the “Class Period”); (2) sought a loan modification from ASC; (3) were current on their mortgage payments at the time they sought a loan modification from ASC; (4) were informed by ASC that they were no eligible for a loan modification unless and until they defaulted on their mortgage payments; (5) defaulted on their mortgage payments in order to become “eligible” for a loan modification, as allegedly falsely represented by ASC; and (6) were charged fees, interest, and related penalties by ASC arising from their default on their mortgage payments (the “Class”).

For more information on the Wells Fargo d/b/a America’s Servicing Company mortgage loan modification class action lawsuit, read the Wells Fargo d/b/a America’s Servicing Company mortgage loan modification class action lawsuit complaint.

If You Have Thoughts On The Wells Fargo d/b/a America’s Servicing Company Mortgage Loan ModificationC lass Action Lawsuit, Share Your Class Action Lawsuit Comments Below.

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Category: American mortgage

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