Wells Fargo to Help Sarasota Area Customers Facing Mortgage Payment Challenges at Nov. 29 Home Preservation Workshop

SARASOTA, Fla. - (BUSINESS WIRE) - Wells Fargo & Company (NYSE: WFC) is hosting a free Home Preservation Workshop for Sarasota area Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited 12,300 mortgage customers to the free workshop which will be held on Thursday, November 29 from 9 a.m. to 7 p.m., at the Bradenton Convention Center – Center Hall, located at 1 Haben Boulevard in Palmetto. Parking is free.

At the event, customers who meet basic guidelines may begin the process of applying for Florida's Hardest Hit program, which provides up to 12 months of mortgage payments for those who are unemployed or underemployed.

Some Wells Fargo customers - those whose loans are both serviced and owned by Wells Fargo - may be eligible for options created by a settlement with attorneys general in Florida and elsewhere. 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 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.