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jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
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Hi pjb,
You need to contact Well Fargo and get the details about their loan modification process. Contact the loss mitigation department of Wells Fargo for further information.
Thanks |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 488
0.00 Dollars($)
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pjb,
I think you can give them request through internet also.You just need to go to their website and submit a ticket/request to change the details of your account.I think it will surely help.  |
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hollybinx
Joined: 10 Jun 2009
Posts: 1
1.37 Dollars($)
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Post subject: chapter 13 and mortgage |
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| I am currently in Chapter 13 and am current on my mortgage. However, I have to work 6 and 7 days per week to make those payments. I have developed some significant health problems, and my doctor suggests I quit the second job. My lawyer says the Credit Union that holds my mortgage is unwilling to talk with me. I am in a 30 year fixed mortgage at 6.75% and am underwater by probably $60,000 and climbing! Is there anything I can do?? |
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pjb
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| jameshogg and manoj - i have done all applications for wfb. on line and mailed in a package. however my question was - is there a better phone number to contact someone who really knows what is going on and who can help with in wfb or is my only point of contact the customer service number they provide with the paper work? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10030
Location: Alaska
919.49 Dollars($)
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Hi!
To hollybinx,
If you can afford to sell off the property, then you can apply for a short sale or a deed in lieu with your lender. However, this will effect your credit score. If you want to save your property and continue making the mortgage payments, you can apply for a loan modification. In this case, the lender may reduce your rate of interest which will help you in paying your mortgage dues.
Hi pjb,
In my opinion, you'll have to contact the customer service number and they would provide you with the required paper work.
Feel free to ask if you have further queries.
Sussane |
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pjb
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Sussane,
Hi thx for the info but I have contacted the loss mitigation dept. Unfortunately at that level they arent much help until a negotiator completely reviews all my paper work. the sad part is the negotiator doesn’t call to personally speak with me for any possible help or options. I am starting to seriously think there is a big flaw in the governments plan!! I have heard that the banks need to feel that a person is “saveable” before they will help them…………… |
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warghader
Joined: 19 Jun 2009
Posts: 16
5.87 Dollars($)
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pjb
i agree with you in this regard that banks only lend to those who have savvy nature when it comes to financial terms |
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colammy
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Post subject: denied a modification from Wells Fargo...... |
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Pjb,
You are right, it's a major flaw in the system that you can not have direct contact with the WF negotiator/processor. I having been working on a modification since January. My first attempt was denied because the processor misunderstood some of our financials and didn't bother to contact us for clarification. It was extremely frustrating!!!
We have now been assigned to our second processor and are waiting for a reply....keeping our fingers crossed but so far I am noticing progress unlike before.
Things I've learned in the past six months: when you submit your financial worksheet you need to show a modest surplus at the end of the month, keep faxing paystubs as you get them and resend your hardship letter and financial worksheet every 30 days without question (they won't work with old information and won't take the time to ask for current), call once or twice a week and keep notes of each call (date, time, who you spoke to, and what you discussed), send a proposal (w/your hardship letter) of how you would like to see you loan modification worked out (lower interest, terms, etc... expressing that you are confident this proposal will make your payments affordable and keep you in your home and out of foreclosure). Don't give up and know that it takes a lot of time and patience. Keep a positive and pleasant demeanor while speaking with the WF reps (this can be very difficult because some of the reps are just morons) but they are more likely to help people that are being nice.
Lastly, if you are just getting started in the process, a loan modification may be worth the money. While I expect good news in the next couple of weeks, I have been diligently working on my modification for six months. It has been a part time job; requires a lot of energy and patience. Had I hired a modification company in the beginning, our modification would have been resolved in three months or less with half the hassle. It would have also paid for itself since my payments would have been reduced three months ago....
Best of Luck!
colammy |
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JChen
Joined: 14 Jul 2009
Posts: 4
Location: San Diego, CA 92101
3.00 Dollars($)
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To Colammy,
Great information and advice. And I must say, I agree with your tip on hiring a modification company, although I may be a bit biased.  In any case, best of luck with your modification!
To Pjb,
Definitely keep a running collection of all documents that will help paint a picture of your financial hardship. Like colammy said, keep track of your pay stubs, keep a record of your bank statements, mortgage statements: it's best to be as thorough as possible. And be persistent. =)
_________________
Joyce Chen
www.twitter.com/acfmod
Anderson Chase Financial
625 Broadway Suite 611
San Diego, CA 92101
Phone: 888-826-0615
www.AndersonChaseFinancial.com |
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bensonclive
Joined: 16 Aug 2009
Posts: 90
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PJB
I think if you can personally visit the office of WFB it will save lot of misunderstanding and it will expedite the process as well.Because it will give you more information as well as you can get the phone number of the incharge of the concerned dept. over there and thus you can always contact him henceforth. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
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not getting that benson
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
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JOG
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Post subject: Sell-Off Options? |
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I'll be brief but give as much detail as I can...
Recently closed a Chap 7 filing BUT reaffirmed debts on vehicle and home (although both upside down).
Home was appraised Aug. of '08 for 230k at the time of a re-fi. It's now worth-maybe- 190k and mort. bal is about 218k, but now need full A/C-heat system (w/ govt-mandated change in refrigerant, of course) and roof is about done (I think the appraiser missed all of this and played to the bank's ploys) to the tune of maybe 8500 in repairs.
I've only had one 30-day late pymt (while in the process of the Chap 7). I'm mid-class where it's dollar-in-dollar-out just on daily living and am resolved to want to walk away from the home scott-free while trying to take advantage of the Mortgage Debt Relief Forgiveness Act but would rather not let it go into foreclosure.
Any thoughts or opionions would be greatly appreciatedd, thanks! |
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fredwaltz
Joined: 17 Aug 2009
Posts: 60
1.12 Dollars($)
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jog,
you do not want to have foreclosure and along with that you want to take advantage of mortgage debt relief forgiveness act.here you go .........
first your lender should forgive the debt to you.and he should fill the form 1099-c.If your mortgage is qualified principal residence then you will be relieved from the taxes up to $ 2 millions but if it is not then you need to file taxes for this forgiveness of the debt.
I will advice you that you should contact your lender and ask him to forgive the debt under this act stating your whole financial condition.
I hope it helped you for the time being. |
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| just a question: what is meant by "appraiser missed all of this and played to the bank's ploys"? |
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roz_levin
Joined: 05 Sep 2009
Posts: 3
2.22 Dollars($)
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Post subject: house was sold out from under friend during forbearance |
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| my friend had forbearance agreement. she paid the 3 payments called for promptly and has the confirmations by western union. she repeatedly over the past couple of months since last payment was made called Chase, and was told that they were working on the modification, and had their payments. yesterday, she came home from work and found a 3 day eviction notice and that the house had been sold yesterday. |
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