Wells Fargo was hit with a consumer class action Wednesday in New York Southern District Court accusing the bank of engaging in ‘predatory short sale practices’ in the area of home refinancing.
The complaint, filed by Levenson Law, contends that Wells induces homeowners to engage in loans that are ‘lopsided’ in its favor, causing hardship and leading to foreclosure actions. Counsel have not yet appeared for the defendant. The case is 7:22-cv-04065, Fried v. Wells Fargo Bank, N.A
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