Wells Fargo Home Mortgage Seeks Inspirational Essays About the Benefits of Homeownership

"Take The Challenge(TM)" Contest Offers up to $250,000 After Taxes for Most

Inspirational Essay



Mar 10, 2006, 00:00 ET from Wells Fargo Home Mortgage

    DES MOINES, Iowa, March 10 /PRNewswire/ -- Wells Fargo Home Mortgage
 announced today it will award up to $250,000 (after taxes) toward the purchase
 of a home to one person through its Take The Challenge(TM) essay contest*.
     The nation's No. 1 retail mortgage lender** will award the grand prize to
 the person who provides the most compelling first-person account of their
 pursuit of homeownership and who has either purchased a home in 2006, or has
 plans to buy a first home, second home or investment property in the next
 three years. The up-to $250,000 after-tax winnings must be applied to a home
 purchase and entrants must agree to have their essays shared. Each essay will
 be reviewed by an independent panel of judges and the winner announced in
 March 2007.
     Wells Fargo Home Mortgage launched this contest as part of its founding
 sponsorship of The Great American Homeowner Challenge(TM), a nationwide
 educational effort in conjunction with financial coach and No. 1 best-selling
 author David Bach to inspire 10 million Americans to buy their first home, a
 second home or investment property in the next three years. Bach's latest
 book, The Automatic Millionaire Homeowner(TM), motivates renters and current
 homeowners to reach their financial goals through homeownership.
     Through the essay contest, Wells Fargo intends to unearth motivational
 stories of personal and financial success through homeownership. "We want the
 essays written for the Take The Challenge contest to inspire others on the
 road to a home purchase," said Cara Heiden, division president of Wells Fargo
 Home Mortgage. "This is a great way for both renters and current homeowners to
 publicly express how owning a home can make a difference in their lives."
     David Bach, who conducts popular seminars across North America based on
 the content of his best-selling books, Smart Women Finish Rich(SM), Start Late
 Finish Rich(SM), and The Automatic Millionaire(SM), agrees.
     "Many of the success stories people have shared with me over the years
 focus on how homeownership has been the key to their financial security. I'm
 confident these essays will inspire millions of renters to work toward their
 first home and millions of current homeowners to consider second homes or
 investment properties as a road to building financial freedom," Bach said.
     Contestants can enter up to a 350-word essay from one of three submission
 categories:
 
     -- Why I want to be a homeowner
     -- The challenges I overcame to become a homeowner
     -- How homeownership has built my personal/family wealth and security
 
 
     To enter or learn more about the contest, including the rules for
 submitting an entry, go to http://www.wellsfargo.com/challenge or
 http://www.finishrich.com/wellsfargohome .
 
     About Wells Fargo Home Mortgage
     Celebrating its centennial year, Wells Fargo Home Mortgage is the nation's
 No. 1 retail mortgage lender and a leading servicer of home mortgages.  As a
 division of Wells Fargo Bank, N.A., it has a local presence in more than 2,400
 mortgage stores and bank branches, plus the capabilities to serve the home
 financing needs of customers nationwide through its call centers, Internet
 presence, and wholesale lending operations. Wells Fargo Home Mortgage services
 loans for approximately 5.7 million customers in all 50 states from its base
 of operations in Des Moines, Iowa.
 
     About David Bach and FinishRich Media
     The founder and Chairman of FinishRich Media, a company dedicated to
 revolutionizing the way people learn about money, Bach is the author of six
 consecutive national bestselling books, including two # 1 New York Times
 business bestsellers, Start Late, Finish Rich and The Automatic Millionaire,
 as well as the national and international bestsellers Smart Women Finish Rich,
 Smart Couples Finish Rich, The Finish Rich Workbook, and The Automatic
 Millionaire Workbook.  In all, his FinishRich books have been published in
 more than 15 languages, with more than 4 million copies in print in the U.S.
 alone.   Currently a featured contributor and columnist at Yahoo.com, Bach is
 also the creator of the FinishRich(R) seminar series, which highlights his
 quick and easy-to-follow financial strategies, and which has been taught to
 more than 750,000 people nationwide.
 
     *No purchase necessary.  Must be legal resident of 50 U.S. or DC and at
 least 18 (19 in AL and NE) to enter. Ends on 12/31/06.  Visit
 http://www.wellsfargo.com/challenge for details and full Official Rules.  Void
 where prohibited. Sponsor: Wells Fargo Home Mortgage, a division of Wells
 Fargo Bank N.A., Des Moines, Iowa.
 
     **Based on year-end 2005 statistics compiled by Inside Mortgage Finance -
 Feb. 17, 2006
 
 

SOURCE Wells Fargo Home Mortgage