Posted on: 02nd Feb, 2010 07:37 am
Wells Fargo took 7 months to do my loan mod. When they finally closed it my payment went up $50 a month. They sent me a letter telling me the process and what I was supposed to do after it was all done. Do you think I have any recourse? Now I have fallen behind again and I called them and they said they would redo the mod. Then I got two letters written on the same day, one saying to send in the financial sheet and proof of income and hardship letter and the other telling me that after careful consideration of the information I provided they are denying my request for a mod. Do you think they are acting properly and do I have any recourse?
i doubt that you'll have much recourse in this matter. to say that the lenders are overwhelmed (still) is probably an understatement. that they are inefficient is another, and that their analysis of peoples' issues is often lacking is yet another.
recourse? i wonder what form that would take if it were plausible. honestly, you can go hire someone to represent you and try to get relief, but it'll be costly and impossible to predict.
recourse? i wonder what form that would take if it were plausible. honestly, you can go hire someone to represent you and try to get relief, but it'll be costly and impossible to predict.