Comments on: Home Loan Modification – Can Wells Fargo Help Save Your Home?

By: Wells Fargo Hater

Wells Fargo Hater — Fri, 11 Dec 2009 20:42:38 +0000

My husband and i fell into hard times as well. The only modification that wells fargo came up with was a balloon payment. They told us not to pay for 4 months and at the end of that 4 months we would owe all the money in one lump sum…how do they expect you to pay 4 months in full if you can’t even make your monthly payments??? At the end of the 3rd month that we were told that we needed to make a payment now cause they were going to start foreclosure proceedings even though we had a signed contract they said it wouldn’t hold up in court and we would lose our house. How can they do that to people?

By: Gabriel

Gabriel — Wed, 02 Dec 2009 22:23:33 +0000

I am also with Wells Fargo and haven’t received any help or heard of any options from them. I did have an attorneys take my case (thank god) because Wells Fargo gave us the run around and miss placing files/fax/info that Wells Fargo received from my attorneys (which they had paper trails of) well Wells Fargo denied us because of the miss placed files and my attorneys had to send prof of them receiving the files in order to keep the mod in process. Ive been 4 months in default do to lack of business and very little work, my wife finally landed a job that would help us with all house hold expenses including contributing to our mortgage if they would just get off there lazy a$$ (I FEEL FOR
YOU GUYS THAT BEEN IN THIS SITUATION LONGER THEN I) and if they would work the numbers like Obama’s loan mod claims, then we would be able to afford to save our home and raise our 3-kids like all the American people should be able to do… The American Dream…. The banks are making some nice interest on that 75 Billion dollars.

By: Gabriel

Gabriel — Wed, 02 Dec 2009 22:19:57 +0000

I am also with Wells Fargo and haven’t received any help or heard of any options from them. I did have an attorneys take my case (thank god) because Wells Fargo gave us the run around and miss placing files/fax/info that Wells Fargo received from my attorneys (which they had paper trails of) well Wells Fargo denied us because of the miss placed files and my attorneys had to send prof of them receiving the files in order to keep the mod in process. Ive been 4 months in default do to lack of business and very little work, my wife finally landed a job that would help us with all house hold experience including contributing to our mortgage if they would just get off there lazy a$$ (I FEEL FOR THE YOU GUYS THAT BEEN IN THIS SITUATION LONGER THEN I) and work the numbers like Obama’s loan mod claims, then we would be able to afford to save our home and raise our 3-kids like all the American people should be able to do… The American Dream…. The banks are making some nice interest on that 75 Billion dollars.

By: Linda

Linda — Wed, 02 Dec 2009 19:28:51 +0000

I have been working with Wells Fargo for almost a year now. In June they put me in the Trial Home Affordable Modification. After I successfully paid my 3rd reduced mortgage payment they told me I didn’t qualify for that program but they would extend my trial payments for 2 months while they worked out another solution for me. Over the past 3 months I have received the same “form” letter 2x, among other letters requesting financial information, a new hardship letter, etc, etc, etc. This morning I received a call from a representative at Wells Fargo advising that “Due to Investor Guidelines” I am not eligible for any type of assistance and I would be receiving a letter from Wells Fargo. From start to finish Wells Fargo has done nothing but string me along and has the audicity to call me and after 6 months of reduced payments tell me I don’t qualify “Due to Investor Guidelines”. As far as I concerned that’s a bail out on their part. Ever since we found out 2 days ago that out of 655,000 trial modifications, only 1,700 have been made permanent. I believe that Wells Fargo and all the other large banks inflated the numbers and now they are being called on it. They have no excuse for not helping me and I will fight this. I can’t wait to hear how many more people will be getting the same phone calls.

By: Scott

Scott — Tue, 01 Dec 2009 06:17:12 +0000

I am with Wells Fargo and I am in their “so-called” loan modification now for 5 months and they aren’t doing anything as to loan modification goes. They claimed they’re working on lowering my rate to 4+% but, now want me to sign a forbearance agreement and all back-due payments. They are not helping at all and are only trying to make me pay all the current payments plus the delinquent amounts from 11 months ago. I certainly cannot afford my payments 11 months ago because of lack of hours at work and with the added forbearance back-payments, I am in more trouble than before. These clowns won’t do anything to modify the loan as they claimed they would do 5 months ago. I will certainly pay my loan if Wells Fargo forgives the back-dues and bases my home loan more appropriately to the recent market values and lowers my interest rate to 4+%. A no-brainer! I will make my payments at 4+% just fine and be able to live easier than I could before!–Wells Fargo still gets their money based on my home’s fair market value, I can live with my head above water and still do repairs on my home and afford food, utilities, etc. Also, Wells Fargo doesn’t lose money on a short-sale or foreclosure! But, they won’t do it and I don’t know why; the greedy p_ _ _ ks want it all! How does this Obama’s loan-mod gov’t plan that Wells Fargo is suppose to abide by supposed to help or work for me? It sure is not working for me and it’s just like “stafford patterson
November 30th, 2009 @ 2:53 pm” response above has stated: “…Screwed us.”

By: stafford patterson

stafford patterson — Mon, 30 Nov 2009 21:53:15 +0000

I have been in loan modification with Wells Fargo now for a year.I ran intosome bad luck two years ago and Wells Fargo put me in Forebearance for four months . after that they told us we could go into loan modification and after a year get a low interest rate. Well I thought loan mod was suppose to help insted because of the high payments and interest we are back introuble more than before. Could you explain loan mod, because it screwed us