Good Evening
Good Evening

Homeowners seek help at Wells Fargo event

Wells Fargo hosted two sessions for struggling homeowners

Wells Fargo hosted two sessions for struggling homeowners in July. Credit: iStock

A Wells Fargo mortgage assistance event that started Tuesday at the Nassau Veterans Memorial Coliseum was expected to draw hundreds of homeowners seeking loan modifications.

Turnout for the two-day event was lighter than anticipated, with 300 people registered to attend Tuesday and about another 160 Wednesday. The bank had hoped at least 1,200 people would attend; it invited 40,000 homeowners who are delinquent on their payments and live within 100 miles of the event, and it was anticipating turnout of 3 to 5 percent.

Held in a convention area within the Coliseum, the event mostly drew praise from homeowners and not-for-profit housing counselors for being well-organized, offering curtained areas for homeowners to meet with mortgage specialists or underwriters and providing rapid, on-site decisions in some cases.

“They lowered my interest rate, lowered my payment, literally on the spot,” Edward Tsang of Oceanside said as he left the event before 11 a.m.

The event continues until 7 p.m. Tuesday and from 9 a.m. to 7 p.m. Wednesday at the Nassau Veterans Memorial Coliseum, 1255 Hempstead Tpke. in Uniondale. Parking is free. Walk-ins are welcome but registration is recommended. For more information or to register, call 800-405-8067 or visit Wells Fargo’s  website.

More news