About Wells Fargo

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Wells Fargo is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the United States.  It is the world's fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets as of July 2019.  Wells Fargo was ranked #26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue. In July 2015, Wells Fargo became the world's largest bank by market capitalization, edging past ICBC before slipping behind JPMorgan Chase in September 2016, in the wake of a scandal involving the creation of over 2 million fake bank accounts by Wells Fargo employees. Wells Fargo fell behind Bank of America to third by bank deposits in 2017 and behind Citigroup to fourth by total assets in 2018.

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Foreclosure Prevention Options

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Wells Fargo offers a variety of assistance programs to homeowners who are struggling with their monthly mortgage payments. They always stress that the earlier a customer notifies them of a problem, that the more options Wells Fargo will have available to help the homeowner. They can lower interest rates, reduce payments, stop a foreclosure, and more.  Keep Your Keys can assist with any of the available options, but the quicker we act,  the more programs we will have available.  It can’t be stressed enough that timing is critical for borrowers who are experiencing financial difficulty and who may be faced with foreclosure.

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Forbearance

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A forbearance plan temporarily suspends or reduces the amount of your regular monthly mortgage payment if a life event is expected to decrease your cash-on-hand in the near future. Most often, it is used in times of temporary hardship, like unemployment

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Repayment

 

If you fell behind on payments due to a temporary hardship, but are now in a better position financially, talk to us about a repayment plan. It may give you a manageable way to catch up.  How does it help?  Missed payments are divided into manageable amounts and spread out over time.

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Loan Modification

 

If you can't afford your current mortgage due to a financial hardship, and you want to stay in your home, we may be able to change certain terms of the loan — such as the interest rate or the time allowed for repayment — to make your payments more affordable. Any change to the original terms is called a loan modification.  There are multiple loan modification programs available. These programs offer different options for borrowers in different situations, but all are meant to help people keep their homes when facing a significant hardship. We'll work with you to determine whether a loan modification or another option may work for you.

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Short Sale

 

If you can’t afford your current mortgage, and staying in your home isn’t an option, a short sale might help you avoid foreclosure even if the foreclosure process has begun. The foreclosure date may be postponed if a signed purchase offer is received by Wells Fargo. It allows you to sell your home for less than you owe on the mortgage, and may release you from having to repay the remaining mortgage balance.

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Deed in Lieu

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With a deed in lieu of foreclosure, you transfer ownership of your home to Wells Fargo Home Mortgage voluntarily, instead of through foreclosure.

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Keep Your Keys

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Keep Your Keys is highly experienced in helping homeowners stop foreclosure.    We have a thorough understanding of the products Wells Fargo offers as well as their internal processes to get them approved and completed.   With our 5 star reviews and exceptional customer service you would be hard pressed to find a better partner.   Leave your checkbook at home and contact us today for a no cost, no obligation, appointment to get started. 

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