Compare Mortgage Quotes

bjhena1Z · Joined: 10 Nov 2009 Posts: 6 2.40 Dollars($)

Hello,
We had a construction Loan with WF. We are presently? in foreclosure.
Can we still apply for HAMP? We also have a Chapter 13 BK, which
WF never accepted the plan.

Thanks,
bjhena1z

jenkin7 · Posted: Mon Nov 16, 2009 12:43 am Post subject:

Hi bjhena,

Has Wells Fargo started foreclosure procedure? If they have already started foreclosure on the property, it is unlikely that they will work with you for a modification. The borrower can qualify for the HAMP (Home Affordable Modification Program), even if he is delinquent on the loan or if he faces the risk of imminent foreclosure. But once the lender has initiated the foreclosure proceedings, he might not be willing to work with you to modify the loan. However, you should talk to the loss mitigation department of Wells Fargo and check the possibility of HAMP to avoid the foreclosure.

bjhena1Z · Joined: 10 Nov 2009 Posts: 6 2.40 Dollars($)

To jenkin7,
thanks for answering. We will contact WF, we have not received any
paper work in regards to the foreclosure.
Thanks,
bjhena1z

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1