Wells Fargo Hit With Flood Insurance Class Action

A federal class action lawsuit claims Wells Fargo Bank (WFC) forces borrowers to buy flood insurance on their homes in order to pocket commissions.  According to a class action lawsuit recently filed, the banking giant is accused of unfairly and unlawfully forcing Plaintiff and other borrowers to purchase and maintain flood insurance for their property in amounts greater than required by law, greater than required by their mortgage agreements, and greater than Wells Fargo’s financial interest in their property, without any reasonable basis or justification.” The plaintiff representatives own homes in Tampa and have mortgages assigned to Wells Fargo.  The attorneys at Balkan & Patterson, LLP are experienced in class action litigation and will act to protect consumers against corporate wrongdoers. If you believe you have potential for a class action, please contact us immediately and we will review your case at no charge.

The law firm of Balkan & Patterson, LLP was founded in 2006 and is headquartered in Boca Raton, Florida, at 601 S. Federal Highway, Suite 302, with offices in Broward County. Mr. Balkan and Mr. Patterson can be contacted at (561) 750-9191. Additional information about Balkan & Patterson, LLP may be obtained from the firm’s website at www.balkanpatterson.com.

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