Attorneys at the Law Offices of Wade Kilpela Slade are investigating the possibility of pursuing a consumer class action on behalf of homeowners who entered an EquityLine Account with Convertible Loan Feature Agreement with Wells Fargo, under which they were given access to credit secured by a second mortgage on their homes. Our investigation has revealed that, in many cases, Wells Fargo included in the second mortgage earlier maturity dates for the loans that did not reflect the terms of the loan agreement. Instead of disclosing the discrepancy to its customers, Wells Fargo unilaterally recorded instruments entitled “Notice of Intent to Preserve Interest” (“NIPI”) purporting to “correct” the maturity dates of the loans as stated on the second mortgage.
We contend these NIPIs were fraudulent instruments the recording of which may subject Wells Fargo to liability.
This case is being investigated by the class action attorneys at the law firm of Wade Kilpela Slade. The attorneys, whose practice is devoted to representing individuals affected by unfair business practices, have handled complex civil cases for years throughout California.
The attorneys have agreed to advance all of the costs of any litigation, so there are no out of pocket costs to the borrowers who choose to participate.
To discuss a possible claim, please contact our law offices for a confidential free consultation. Our contact information is listed below.