Wells Fargo is hosting a free Home Preservation Workshop in Orlando for Wells Fargo Home Mortgage, Wells Fargo Financial and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited more than 9,500 mortgage customers to the free workshop which will be held on Thursday, Dec. 5 from 9 a.m. to 7 p.m. at Orange County Convention Center, West Building, located at 9800 International Drive. Free parking is available at the Orange County Convention Center West parking lot.
Local nonprofit credit counseling agencies – Central Florida Urban League, Centro De Ayuda Para Los Hispanos, Inc., and H.E.L.P. Community Development Corporation – will be onsite to provide assistance to homeowners who have credit challenges that extend beyond their mortgage payments.
Homeowners whose loans are “under water” – meaning they owe more on their mortgage than the value of their home – may be eligible to refinance their loan based on certain criteria, including demonstrating ability to repay. Depending on eligibility for a loan modification, homeowners who are behind on their payments may also receive a principal reduction on their mortgage.
How to register for Wells Fargo’s Home Preservation Workshop:
Walk-ins are welcome although registration is strongly recommended in order to guarantee the ability to meet one-on-one with a representative. Customers should register by Tuesday, Dec. 3 at www.wfhmevents.com/leadingthewayhome or call 1-800-405-8067 for more information.
“While our foreclosure and delinquency rates are below the industry average, and nationwide we have assisted more than 891,000 customers with modifications, our goal with this workshop is to help as many homeowners as possible avoid foreclosure,” said Hugh Rowden, Wells Fargo Home Mortgage Community Outreach Manager. “During these free workshops, Wells Fargo Home Mortgage customers who are faced with payment challenges will have the opportunity to meet face-to-face with our home preservation specialists to explore the options available to them.”
Where possible, borrowers will receive a decision on a workout, loan modification or other options, on site or shortly following the workshop. Options include Wells Fargo’s own loan modification program and the federal government’s Home Affordable Modification Program (HAMP). About 75 Wells Fargo home preservation specialist team members, including bilingual specialists, will be on hand at the upcoming workshop to assist customers.
This is the third time Wells Fargo has hosted Home Preservation Workshops in Orlando. During the first two workshops combined, more than 660 homeowners have attended. This will be the 106th large-scale Home Preservation Workshop Wells Fargo has hosted since September 2009, and the company has participated in more than 1,150 home preservation events during that time. Wells Fargo home preservation specialists have met with nearly 44,000 customers at its Home Preservation Workshops in an effort to help them avoid foreclosure.
Customers facing mortgage payment difficulties also can call 1-800-678-7986 for more information about potential options to avoid foreclosure.
