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rayst · Joined: 29 Sep 2009 Posts: 2 1.64 Dollars($)

I am in Wells Fargo 3 month trial period with 2 payments made ( ahead of time) . I want to keep up and have all my fears relieved, HA! anyway . I have heard that you can talk to negotiator? How can I get that info. Also one of my questions, Has anyone who made monthly trial period payments early gotten their perm modification answer earlier than the paperwork specified. Thanks

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

rayst

I think you are on right track and you should not worry once they offered you a trial period, they are checking to see if you can keep up with the commitment

jameshogg · Posted: Tue Sep 29, 2009 8:52 pm Post subject:

Hi rayst,

It is good to know that you have made your payments under the trial period of loan modification early. There are high chances that the lender would be ready to give you the loan modification. You can contact a loss mitigation expert or a lawyer in order to negotiate with your lender for the loan modification. However, it is always a better option to negotiate with the lender yourself.

Thanks

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

Welcome to mortgagefit

This is ok that you have paid in trials and there are lot more chances for you to get awarded the modification.So go ahead with it.You will get modification as per specified in your docs.
thanks
keep in touch......

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

I think the final modfication plan will come after the trial period

helpishere · Joined: 30 Sep 2009 Posts: 8 2.01 Dollars($)

How exactly does a trial mortgage work?

adonis · Posted: Thu Oct 01, 2009 12:01 am Post subject:

Hi helpishere,

I haven't heard about trial mortgage but there is a concept of trial mortgage modification. The lender will give you a 3 months trial period for loan modification. If you can make your required payments on time during this trial period, then there is a high chance that your loan modification request will be accepted by the lender.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Thats correct there is nothign called trial mortgage, it is only offered when you are going thorugh the loan modification approval process

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Modification process