A.G. Schneiderman To Wells Fargo: Reverse Policy That Denies Foreclosure Relief In The Wake Of Hurricane Sandy
NEW YORK, NY – November 19, 2012 – (RealEstateRama) — Attorney General Eric T Schneiderman today warned Wells Fargo to reverse a new policy that temporarily suspends review of mortgage relief applications from New York homeowners, many of whom are still struggling to recover in the aftermath of Hurricane Sandy. In a letter to Wells Fargo, Attorney General Schneiderman warned the bank that its directive to suspend “all home preservation reviews and decisions” across the Northeast “in order to await further instructions from FEMA” likely violates the terms of the National Mortgage Settlement
