For individuals who entered into buydown agreements with Wells Fargo in residential real estate mortgage transactions, then you are eligible for a potential award from the Wells Fargo Buydown Agreement Class Action Lawsuit!
According to the lawsuit, Wells Fargo disclosed a lower effective interest rate for an initial period followed by a higher interest rate for the remainder of the life of the loan. Wells Fargo denies all acts of allegations, however, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible, file a claim to receive your potential award! There is no deadline.
Wells Fargo Buydown Agreement Class Action Lawsuit
- Wells Fargo Buydown Agreement Claim Form
- Claim Form Deadline: No Deadline
- Who’s Eligible: two classes
- TILA Class: Anyone in the United States who entered into buydown agreements with Wells Fargo in residential real estate mortgage transactions within one year prior to the filing of the initial complaint.
- Breach of Contract Class: Anyone in the United States who, during the Class Period, entered into buydown agreements with Wells Fargo in residential real estate mortgage transactions
- Estimated Amount: at least $50
- Proof of Purchase: No proof of purchase is required.
- Case Name & Number: Alejandro Carrillo, et al. v. Wells Fargo Bank, N.A., Case No. 2:18-cv-03095-SJF-SIL in the U.S. District Court for the Eastern District of New York
How To File a Claim
- Head over to the Wells Fargo Buydown Agreement Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim to receive your potential award!
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Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements and our No Proof Required Class Action Lawsuits list.
(Click here to file a claim)
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