The event is set for 9 a.m. to 7 p.m. Jan. 12 at the CenturyLink Field Events Center, 800 Occidental Ave. S., Seattle, WA 98134. Parking is free for the event. Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers have been invited to the event.
This is the 49th "home preservation workshop" that Wells Fargo has staged throughout the country since 2009; the last one in Puget Sound took place in Bellevue in July when the retail banking giant invited 5,000 people to meet one-on-one with a home retention team member, spokeswoman Lara Underhill said Friday.
Bilingual banking representatives will be on hand as well as more than 50 Wells Fargo home retention team members. For homeowners facing payment challenges, the consultations could result in principal balance reductions, trial modifications, loan modifications, or the mortgage might qualify for the federal Home Affordable Modification Program, Underhill said.
About 40 to 50 percent of those who attend receive some sort of modification on the spot; in time, as many as two-thirds of attendees receive some sort of assistance, she said. Underhill also said the event is open to anyone who might soon fall behind on their mortgage payments.
To register, call 1-800-405-8067 or go to www.wfhmevents.com/leadingthewayhome by Jan. 10.
Wells Fargo has modified more than 700,000 mortgages since January 2009. As of the third quarter, 92 percent of its mortgage customers remained current on their loan payment. Wells Fargo services one out of every six mortgages in the country, according to Inside Mortgage Finance.
