Wells Fargo Home Mortgage/Loan Mod?
Iam being reviewed for a home loan modifcation and i am 6 months behind on my home loan, whats going to happen? My job has fully recovered and we are back to normal hours, Has anyone been in this situation where they get a lower payment and for how long? My payment was 995.00 each month and that included taxes and insurance and PMI. I keep calling Wells Fargo to check in but they say to be patient. I got a letter from an attorney saying they were going to start foeclose on me, the lady at WFB told me that was normal and no sale date was set. Has anyone gone threw this from WFB? Please help thank you
How about sending the lawyer a certified letter by mail stating that you are under a loan modification process. I would do this no matter what. /
i have a loan from wells fargo financial and they cheated me out of 14,000 dollars!! i will never trust them ever again!! you should never get insurance from a bank because their rates are a lot higher than you can get from an insurance company??good luck because my homeloan has a due on demand in it? i miss one day they can call the note due or repo it no matter how littile i have left to pay??
Lenders are inundated with requests for loan mods, so you are going to have to try to be patient while you are going through this. What I have heard of happening is the lender will temporarily reduce the interest rate or otherwise change the terms of the loan to make your payments more affordable. Do not ignore the notices about the foreclosure, but do not panic either. They are a formality, and auction dates are routinely withdrawn or postponed while you are going through the modification process.
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