Anyone tried Wells Fargo Mortgage Loan Modification?

In: Mortgage Loan

5 May 2010

If so, how did you get accepted? I was told we had to write a letter saying why we need the loan modification in detail, any tips??
We are already on a repayment plan.. I dont understand how they would expect us to pay $200 more a month for the next 3 months if we got behind with one payment. We plan on paying everything up to date within the next 3 weeks (with income taxes) & not be on the payment plan anymore after that b/c having to pay $200 more a month is just a crazy thing to offer to someone that is already behind…!?!



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1 Response to Anyone tried Wells Fargo Mortgage Loan Modification?

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greg h

May 5th, 2010 at 9:54 am

With the economy the way it is it’s either modify or foreclose.
I know of someone who’s house dropped from 700000 to 350000 so you are not doing so bad their payments are 4000 per month. I hope this cheers you up.

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