[shesinks]

My husband is in the car business and was demoted and is now making 1/2 his original pay hence causing us to get behind on our mort. payments. When we started this process with WF we were 2 payments behind. They took all of our financial info over the phone and told us not to make a payment until we heard back from them. We finally heard from them about a month later and they asked for a $2550.00 down payment for the loan mod. and sent us a notice of special forebarence. The forebarence was for 3 consecutive payments equal to our normal house payment of $2523.24. Then there was a balloon payment at the end but they said we wouldn't have to pay that because it would be rolled into the mod.

My question is why didn't they lower our payment for that 3 months?? Our financials only left us with arround $35 left over after our bills were paid. It doesn't make sense why they wouldn't lower the payment for the 3 months??? If I could make the normal payment, I wouldn't need a loan mod....

Now, seeing that we can't make the payments we were advised on the first to fax in a hardship letter, financial info and last 2 paystubs so we can see if we can get a moratorium for 4-6 months then the loan could be modified at the end.

I just don't uderstand any of this and I just spoke with the exec line who stated they are only there to help if WF makes a servicing mistake and the reason they didn't lower our payment is because my husband is employed.

It makes no sense.

By the way we cannot get a "obama" mod because we are Jenny May.

Thanks for any help!!!!