Does Wells Fargo usually deny loan modification?

I feel like I'm swimming upstream sometimes with no arms. Probably no legs, either.

Where do these thoughts emanate from?

Posted: 28 Aug 2011 12:16 am Post subject: wells fargo in house modification Like 0 Dislike 0

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hi, hope someone can help, can you cancel an verbal agreement in louisiana to not proceed with an in house modification with wells fargo.
they set me up for a 2-month modification, and i made a post date over the phone for nov 1, 2011.
I went through my budget and found that i can catch up in september,
as i am only one month late, and i don't need a modification at this time, or am i stuck in this plan with them now?
any help and advice would be greatly appreciated..

Hi mikeh,

Your query has been replied to in the given page:
http://www.mortgagefit.com/mortgage-companies/about52970.html

Take a look at it. I hope it will help you.

I fell behind on my wells fargo mortgage in September 2011. I managed to bring my mortgage current in December. I applied for forebearance in both Sept and December. I received no response from the bank. I applied again in January and finally they called to say they received my paperwork and will send to underwriters. Now I am behind again for January. Why did they wait so long to submit my paperwork and will being behind on my payment block my modification. I am on Unemployment.

Hi Gigi!

Welcome to forums!

Well, you need to contact the lender in order to find out why it took so much time for them to send the documents to underwriting. However, being delinquent on your mortgage payments won't affect your chances of qualifying for a loan.

Feel free to ask if you've further queries.

Sussane

I applied for a loan modification in Sept. 2011. It is now almost March 2012 and they still keep saying "the underwriters are looking at it". Is there some sort of time limit to this approval process? I thought they had 60 days from the date of the hardship letter. I've had it and almost want to lose my house now so I don't have to think about this huge debt and worry looming over my head.

Hi jessi,

I haven't heard of any such time limit in order to get a loan modification approved. Nevertheless, you should keep in constant touch of the lender in order to find out when your request for loan modification gets accepted.

Thanks

Micheal J, loan person is a very Big Ass Hole to work with, loose papers time after time he think he doing you help. he full of shit, in his head, i when too the local Wellsfargo Bank show all they want me to cal Micheal J, sup, nobody will contcat me with is mane i nweed it,

Hi Rospiersk,

I can understand what you must be going through and how frustrated you must be feeling. The next time when you call Wells, make sure that you get in touch with a supervisor. He/she may assist you better in resolving the matter.

I have know started working I'm able to start making reg payments but cant make up the back but at maybe 50.00 a month extra can i get what we owe added to back of note from wells fargo and how to do that

Hi David!

Welcome to the forums!

You should immediately speak to the lender and check out if he could modify the loan in such a way that the delinquent payments are added to the loan and you can get a payment plan which will help you pay off the debt in full.

Feel free to ask if you've further queries.

Sussane