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Wells Fargo Loan Modification Letter - Class Action

This class action lawsuit alleges that Wells Fargo sent deceptive Special Forbearance Agreements to California homeowners who were behind on their payments.  According to the lawsuit, Wells Fargo’s letter promised borrowers an affordable loan modification if they were able to make three monthly trial payments.  However, Plaintiffs allege that instead of following through in this promise, Wells Fargo simply collected their payments and foreclosed on their homes.  This lawsuit is pending in the federal district court for the Northern District of California.  For more information, please follow this link.