News / Utah / 

Bank Forgives Mortgage of Flood Victims

Bank Forgives Mortgage of Flood Victims



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

ST. GEORGE, Utah (AP) -- A couple who watched two-thirds of their house drop into the Santa Clara river says Wells Fargo bank forgave their mortgage.

Jack and Lois Worlton owed Wells Fargo $105,000 for their mortgage -- and say they were surprised when the bank's St. George office decided to write off their losses.

The couple moved to Salt Lake City after the flooding, when Wells Fargo suspended their mortgage payments for 90 days as an initial gesture.

They say Wells Fargo set an example other mortgage lenders can follow, showing charity on victims of southern Utah flooding in January.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast