Well known firm investigating Wells Fargo appraisal practices
Have you used Wells Fargo and Rels Valuations?
The law firm Hagens Berman Sobol Shapiro is investigating Wells Fargo and its appraisal subsidiary Rels Valuation based on reports the companies engaged in a rigged appraisal process.
The firm is looking into claims that Wells Fargo forces homeowners to use its appraisal firm, Rels Valuation, which then turns around and subcontracts the work to independent appraisers while charging homeowners an inflated fee for the work.
Reports say independent appraisers are forced to work for below market value while Rels Valuation significantly inflates the cost of the work for homeowners, generating profits for itself and its parent, Wells Fargo.
HBSS believes the practice may affect homeowners throughout the country.
HBSS is looking for homeowners who purchased or refinanced their home through Wells Fargo and Rels Valuation.
You can learn more about this investigation at www.hbsslaw.com/WFCappraisals