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Wells Fargo three month forbearance questions?

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guest2 Guest	Posted: Thu Feb 17, 2011 9:46 am    Post subject: forbearance Like 0 Dislike 0 i was in forbearance for 9 month than they put me in forclourcer now a year later i am in mediation court fighting still to keep my house wells fargo has no idea what they are doing i had to hire an attorney and it still is not over good luck i did everthing they asked and what a mess. looking for an attorney that will go after the bank for all my destrss over all this i also filed a complaint with the attorney gerneral office
Misery Guest	Posted: Sat May 28, 2011 7:07 pm    Post subject: Forebearance Like 0 Dislike 0 So, please someone tell me...is a forebearance just a put off to see if you can get a modification later such as if you don't qualify for a modifications due to loss of job then when you get ajob you can apply for a modification? They turned me down for a Internal Home Modification because I had no "income" actually my daugher and son-in-law live with me they were going to use thiers then they said no they coudn't because we had no paper trail because we had used cash for everything. This is a big nightmare! However, living in Joplin, mo with a tornado that came thru we got the foreclosure put off! I got a feeling this will never end! Any info appreciated!
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon May 30, 2011 12:19 am    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! Forbearance helps you in suspending your payments for few months if you're facing any financial hardship. It is not just a put off to see whether or not you qualify for a loan modification. Feel free to ask if you've further queries. Sussane
daisey Guest	Posted: Tue Jul 26, 2011 12:20 pm    Post subject: forbearance Like 0 Dislike 0 We started modification process back in March and finally Wells offered a 3 month special forbearance. Because of all of the horror stories, I read this forum and also called my home preservation specialist. Everyone I have talked to in the AL center were really nice & answered my questions. I am even assigned one specialist I have been working with. I was told by one of their reps today that a special forbearance is actually a trial modification to determine affordability, then after we pay for 3 months they will make it a permanent mod. I'm praying this is the case. This forbearance makes me nervous! Our payment is only $100 less though but we were 45 days behind so then next $1864 payment is not due until Aug 21st.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Jul 26, 2011 11:17 pm    Post subject: Like 0 Dislike 0 Welcome daisey, It is good for you that finally the lender has agreed to modify your loan. I will suggest you to pay the debts for the next 3 months as per the forbearance offered by the lender. I'm sure that the lender will modify the loan permanently after that. _________________ Procrastination is the enemy of your financial success
kellie Guest	Posted: Thu Aug 18, 2011 9:11 am    Post subject: Stressed Like 0 Dislike 0 I was mislead when I called Wells Fargo, the girl said they'd do the reduced payments because I was a good customer, never a late payment. I got docs and signed them, lost my copies and now I am having a heck of a time getting the original thing I signed. My story is the same as everyone elses. The original agent said it wouldnt affect my credit and that I wouldn't be charged late fees, all Lies! Now they are saying I owe over 4000 and I am constantly being talked to in a condescending way. I need the papers that I signed cause I swear it said nothing about owing a lump sum or late fees or credit reporting. The sad thing is that I can afford my payment now but I don't have 4000 so I am being forced into a modification because they can't/won't just defer the $4000. this is all so LAME. My first home, I love it and now who knows what will happen my parents co-signed and now they are screwed too.
Guest	Posted: Thu Aug 18, 2011 11:21 pm    Post subject: Like 0 Dislike 0 As the situation demands, it will be better if you could get the loan modified and save your property.
tena Guest	Posted: Wed Aug 24, 2011 4:46 pm    Post subject: Like 0 Dislike 0 Hello Guest, I went through a forebearance with Wells Fargo and it was similar to your agreement. I paid what they asked and everything went well....I did get the $ tacked on to the end of my loan...but they lowered my payment so it worked out for me. They came through...and it only took the three months they stated.

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