Iam is checked for a home loan modification and I am six months behind my mortgage, what is going to happen? My work has fully recovered and we are back to normal, no one was in this situation, where they receive lower pay and for how long? My payment is 995.00 per month including taxes and insurance and PMI. I think to call Wells Fargo check-in, but they say to be patient. I received a letter from a lawyer saying they foeclose to start on me, the lady told me the WFB was normal and no sale date has been set. Has anyone gone threw this out WFB? Please help thank you
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How about sending the lawyer a certified letter by mail stating that you are under a loan modification process.
I would do this no matter what.
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i have a loan from wells fargo financial and they cheated me out of 14,000 dollars!! i will never trust them ever again!! you should never get insurance from a bank because their rates are a lot higher than you can get from an insurance company??good luck because my homeloan has a due on demand in it? i miss one day they can call the note due or repo it no matter how littile i have left to pay??
Lenders are inundated with requests for loan mods, so you are going to have to try to be patient while you are going through this. What I have heard of happening is the lender will temporarily reduce the interest rate or otherwise change the terms of the loan to make your payments more affordable.
Do not ignore the notices about the foreclosure, but do not panic either. They are a formality, and auction dates are routinely withdrawn or postponed while you are going through the modification process.