CHICAGO, Aug 08, 2011 (Source: Market Watch) –– Wells Fargo & Company WFC -2.37% announced today it is hosting its 36th free Home Preservation Workshop in Chicago on August 17 -18, 2011 for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships.The decision to return to Chicago — the site of one of the first workshops held in 2009 — was based on the continued challenges the Chicago market is facing with foreclosures and the number of Wells Fargo customers in the area.

“Because some people prefer to talk about their personal financial challenges face-to-face, in 2009 we started hosting workshops where customers can talk to us and non-profit credit counselors in a confidential setting,” said Mary Coffin, executive vice president of Wells Fargo Home Mortgage Servicing. “During the 35 workshops that we have hosted so far, we have spoken with 23,000 people — the majority of whom have experienced unemployment, under-employment, health issues, and other financial struggles that have prevented them from making their payments. We more than doubled the number of workshops compared to last year and still have 12 more workshops planned for this year alone.”

Source: Market Watch

Aug. 8, 2011, 9:00 a.m. EDT

To read more, click on this link