WaPo Features Another Client Who Lost Home to Wells Fargo Glitch
January 2, 2019
The Washington Post featured another of our Wells Fargo loan modification clients in an article entitled ‘They destroyed me.’ Wells Fargo’s mistake forced her to sell her home. The coverage comes a month after our law firm filed a Wells Fargo Mortgage Modification Class Action Lawsuit. The WaPo article noted that
Wells Fargo admits it made a mistake,
not only as to our client, but also in denying or failing to offer loan modifications to the “nearly 900” homeowners affected by the Wells Fargo computer glitch and similar calculation errors.
The Washington Post quotes our client as saying that when she received a letter and check from Wells Fargo in late 2018, she was “sick to [her] stomach” to know that the loss of her home and all the consequences could have been avoided if Wells Fargo had done the correct calculations.
Gibbs Law Group partner Michael Schrag commented:
For borrowers like Michaela who suffered the devastating impact of losing their homes due to Wells Fargo’s mistakes, the checks Wells Fargo sent do not come close to making things right. Wells Fargo sent these checks without any explanation as to how it determined the varying amounts.
According to the bank, it has set up a voluntary Wells Fargo computer glitch compensation program to compensate individuals who were wrongly denied a mortgage modification when they most needed it.
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