Saturday, April 01, 2006

Wells Fargo- Home Ownership Essay Contest

Wells Fargo Home Mortgage Seeks Inspirational Essays About the Benefits of Homeownership"Take the Challenge™" Contest Offers up to $250,000 After Taxes For Most Inspirational Essay

Des Moines, Iowa — March 10, 2006

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™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 home ownership 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™ , 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™, 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 Richsm , Start Late Finish Richsm , and The Automatic Millionairesm 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
www.wellsfargo.com/challenge or 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® 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 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