Posted on: 18th Sep, 2009 12:57 pm
We just found out today that Wells Fargo has denied our request for a loan modification on our primary home and are proceeding with foreclosure. On the flip side, we also found out today that SunTrust approved our loan modification (reduced our interest rate to a fixed 4%) on a second home we own. Has anyone had any experience dealing with Wells Fargo?
Lot of people probably have, but every ones situation is different
you immedaitely close deal with SunTrust for second house. after that you apply for reifnance of mortgage against primary house with SunTrust.
Interestign idea.
But it is not easy as it sounds
But it is not easy as it sounds
Hi Jon!
Welcome to forums!
You can check out the following page in order to know what others have to say about Wells Fargo's loan modification program:
http://www.mortgagefit.com/wellfargo/loan-modification.html
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can check out the following page in order to know what others have to say about Wells Fargo's loan modification program:
http://www.mortgagefit.com/wellfargo/loan-modification.html
Feel free to ask if you've further queries.
Sussane
Hi Jon,
I bank with Suntrust, but my mortgage is with Bank of America and am curious to know if Suntrust will modify my loan since dealing with BoA has been frustrating. Who was your original lender on your second home?
Thanks.
I bank with Suntrust, but my mortgage is with Bank of America and am curious to know if Suntrust will modify my loan since dealing with BoA has been frustrating. Who was your original lender on your second home?
Thanks.
Hi blhiggins!
Welcome to forums!
You should note that your loan will be modified by your current lender. Any other bank or lender will not be able to modify the loan. You will have to negotiate with BofA and get the loan modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You should note that your loan will be modified by your current lender. Any other bank or lender will not be able to modify the loan. You will have to negotiate with BofA and get the loan modification.
Feel free to ask if you've further queries.
Sussane
Hi Adonis,
I'm current on my mortgage. "Underwater" is also known as being upside-down, when I owe more than the market value of my home because of the dismal housing market plunge.
I should qualify under Obama's plan but BoA is "cherry picking" which is frustrating so I'm looking for options and anyone who is very knowledgeable about upside-down mortgages under the new plan.
Thanks.
I'm current on my mortgage. "Underwater" is also known as being upside-down, when I owe more than the market value of my home because of the dismal housing market plunge.
I should qualify under Obama's plan but BoA is "cherry picking" which is frustrating so I'm looking for options and anyone who is very knowledgeable about upside-down mortgages under the new plan.
Thanks.
Welcome back blhiggins,
Depending upon your situation, you may qualify for the Obama's loan modification plan. You should contact your lender and check out if he has participated in that program. If yes, then you can apply for the Obama's loan modification program. To know more about Obama's loan modification program, check out the following page:
http://www.mortgagefit.com/problems/homeaffordable-modification.html
Depending upon your situation, you may qualify for the Obama's loan modification plan. You should contact your lender and check out if he has participated in that program. If yes, then you can apply for the Obama's loan modification program. To know more about Obama's loan modification program, check out the following page:
http://www.mortgagefit.com/problems/homeaffordable-modification.html
I have contacted my lender, Bank of America and they are participating and they know my loan is owned by Fannie Mae. Dealing with Bank of America is very frustrating and only gives attention to those who are delinquent or on the verge of foreclosure.
I will most likely seek legal help or contact my congressman/woman because BoA ignores struggling homeowners who clearly qualify under Obama's home affordable plan.
I will most likely seek legal help or contact my congressman/woman because BoA ignores struggling homeowners who clearly qualify under Obama's home affordable plan.