Posted on: 11th Mar, 2010 10:30 am
Has anyone been succesful with wells fargo on a loan modification and if so what are the terms. I am making my last payment on my special forbearance workout and was told to resubmit my financials to go through the process again for a loan modification. I was turned down 5 times last year. The payments i am making with the special forbearance is affordable. If the payment increases I will not be able to afford it. Has anyone had there payments cut in half with a loan modification?
Hi Guest,
Situations differ from one borrower to another. Depending upon your present financial situation, your lender will let you know whether or not you would get a loan modification with payments reduced to half. If you have made the trail payments on time, then there are chances that you would get a modification.
Take care.
Situations differ from one borrower to another. Depending upon your present financial situation, your lender will let you know whether or not you would get a loan modification with payments reduced to half. If you have made the trail payments on time, then there are chances that you would get a modification.
Take care.