Posted on: 20th Dec, 2009 05:05 am
Wehave written letters to Wells Frago asking for well, sending them everything theu ask for, and the only thing they will do for me is lower my mortgage payment $60.00, in which does not help when we have only $1,000.00 left over after we paid our expenses. My husband lost his job and was able to get another one but half the pay and Wells Fargo will not help and they will not short sale the house so I am going to be kick out, and since this has happen I have had major health problems due to the stress per the doctor help I have tried everything. What can I do
We did file chapter 7 to protect ourself and we included the house, but wells fargo is still not helping us and will not let us short sale the house.
We did file chapter 7 to protect ourself and we included the house, but wells fargo is still not helping us and will not let us short sale the house.
Wells Fargo is not in the business of helping people. They do not care about you. There must be a financial reason why they prefer not to do anything more for you.
i don't disagree with you eric, but that's a harsh assessment. i guess i just didn't expect to see it coming from your hand. certainly corporations are not all that sparing when it comes to human relationships, and wells is no exception. to think that those who started out in this wacky business did it with compassion in their hearts and recognition of human frailty in their minds...what a waste.
You need to check again. Our loan is also through Wells and we were told at our local office that they are required to comply with a short sale request. I called customer service after I talked to the local office and they did everything BUT give me information on doing a short sale. Just be diligent, they are required to work with you on a short sale.
you can't short sell ur house if u filed chapter 7 just leave the house wells fargo sucks they are being suied by Illinois
but check this out, fresh in today's news:
"Wells Fargo and its parent company Wachovia today announced their share of how many homeowners they have helped in modifying their mortgages and permanently reducing the monthly payments. As of January 31 of 2010 Wells Fargo said it had modified 17,652 mortgage loans. The company also said it had 7,554 permanent modifications pending as of the end of January of this year."
"The parent company of Wells Fargo, a Charlotte, NC based Wachovia said it has nearly doubled all the mortgage modification programs since the end of last December, reports Charlotte Business Journal."
based on what we've read on MortgageFit, there must also be tens of thousands of unhappy borrowers whose efforts at modification have failed.
but of course, when the opportunity arises, we can't expect anything other than a favorable report when the heads of wells fargo et al are approached by media.
i'm not sure what the real answer here is...are they doing what they should be doing? have they turned a corner now and things are getting better? are they still slogging along and dragging feet in working with those in need? will they ever get it together, assuming they haven't so far?
"Wells Fargo and its parent company Wachovia today announced their share of how many homeowners they have helped in modifying their mortgages and permanently reducing the monthly payments. As of January 31 of 2010 Wells Fargo said it had modified 17,652 mortgage loans. The company also said it had 7,554 permanent modifications pending as of the end of January of this year."
"The parent company of Wells Fargo, a Charlotte, NC based Wachovia said it has nearly doubled all the mortgage modification programs since the end of last December, reports Charlotte Business Journal."
based on what we've read on MortgageFit, there must also be tens of thousands of unhappy borrowers whose efforts at modification have failed.
but of course, when the opportunity arises, we can't expect anything other than a favorable report when the heads of wells fargo et al are approached by media.
i'm not sure what the real answer here is...are they doing what they should be doing? have they turned a corner now and things are getting better? are they still slogging along and dragging feet in working with those in need? will they ever get it together, assuming they haven't so far?
You guys need to know that its up to the investor that approve or deny your loan!!!!!! Modification doesn't lower you mortgage payment or lower your principal amount!!!! do some research on modification first before you talk!
yes modification can lower both your payment and your principal depending on how it is written, maybe you vicky need to do your own research
"Wells Fargo and its parent company Wachovia today announced their share of how many homeowners they have helped in modifying their mortgages and permanently reducing the monthly payments"
THIS IS CRAP THEY WOULD NOT HELP ME! NOW i AM LOSING MY HOME CAUSE THEY WILL NOT HELP ME.
THIS IS CRAP THEY WOULD NOT HELP ME! NOW i AM LOSING MY HOME CAUSE THEY WILL NOT HELP ME.
Here's what you need to do:
List your home with a Realtor who is Knowledgeable with short sale(gather references and request to see proof that he/she closed SS)
Put your paperwork together like; copy of previous ( 2years) income tax returns, pay stubs, bank statements, financial worksheet (showing the amt., left after you pay everything, unemployment comps., proving
you're out of job) Hardship letter explaining to why you're in situation
that you're in ( go online for samples), etc., (do as you told by your good agent!)
Go to Wells Fargo's website and link to their Home Retention dept., and learn as you go. Be proactive and work with your agent! DO NOT PROCRASTINATE!
Understand short sale, deficiency judgment and how to cancel debt with IRS for your 1099C.
BELIEVE ME, NO LENDERS WOULD LIKE TO FORECLOSE! It will cost them money. ( may I know what State are you from? in CO., lenders have to hire lawyers and there's foreclosure sale , Public trustee, etc.,)
Maybe you're talking to the wrong people. Check on HAMP, HAFA and other government programs available. Like any other banks, lender, and the like. It's business and WF employee (customer service) will tell you what they were told to say and can't go beyond that. TOO LONG!
List your home with a Realtor who is Knowledgeable with short sale(gather references and request to see proof that he/she closed SS)
Put your paperwork together like; copy of previous ( 2years) income tax returns, pay stubs, bank statements, financial worksheet (showing the amt., left after you pay everything, unemployment comps., proving
you're out of job) Hardship letter explaining to why you're in situation
that you're in ( go online for samples), etc., (do as you told by your good agent!)
Go to Wells Fargo's website and link to their Home Retention dept., and learn as you go. Be proactive and work with your agent! DO NOT PROCRASTINATE!
Understand short sale, deficiency judgment and how to cancel debt with IRS for your 1099C.
BELIEVE ME, NO LENDERS WOULD LIKE TO FORECLOSE! It will cost them money. ( may I know what State are you from? in CO., lenders have to hire lawyers and there's foreclosure sale , Public trustee, etc.,)
Maybe you're talking to the wrong people. Check on HAMP, HAFA and other government programs available. Like any other banks, lender, and the like. It's business and WF employee (customer service) will tell you what they were told to say and can't go beyond that. TOO LONG!