Loan Modification Forum - LoanSafe.org - View Single Post - Wachovia and HAMP modification-anyone having success?

TNT101 · 07-07-2009, 12:04 AM

Beachdremr1 and Fireandrain

Another Wachovia Pick-a-pay homeowner in a pickle. 2006 Loan, now with $65K deferred interest payments added to the principle.

Anyone know if Wachovia has started the July 2009 HAMP process for loans over the $729K limit. More than 50% on front-end DTI. Second mortgage adds another $550/month payment. Well Fargo holds 100K Second mortgage; Home value is about $100K less than what I owe.

Has anyone started with Wachovia to get 31% DTI loan using HAMP with over $729K first loan? Did you submit your own proposal to Wachovia? or ask for the HAMP at 31% front-end DTI even with the loan above the Obama plan maximum? or did you go through the Executive team phone number at Wachovia?

Looking for what is the starting place to get this going. I will probably miss the first mortgage payment in 2 more months. Never thought this would happen while still fully employed. (No pay raise for more than 5 years).

07-07-2009, 12:04 AM	#33 (permalink)
TNT101 Senior Member Join Date: Jun 2009 Posts: 49 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Wachovia and HAMP modification-anyone having success? Beachdremr1 and Fireandrain Another Wachovia Pick-a-pay homeowner in a pickle. 2006 Loan, now with $65K deferred interest payments added to the principle. Anyone know if Wachovia has started the July 2009 HAMP process for loans over the $729K limit. More than 50% on front-end DTI. Second mortgage adds another $550/month payment. Well Fargo holds 100K Second mortgage; Home value is about $100K less than what I owe. Has anyone started with Wachovia to get 31% DTI loan using HAMP with over $729K first loan? Did you submit your own proposal to Wachovia? or ask for the HAMP at 31% front-end DTI even with the loan above the Obama plan maximum? or did you go through the Executive team phone number at Wachovia? Looking for what is the starting place to get this going. I will probably miss the first mortgage payment in 2 more months. Never thought this would happen while still fully employed. (No pay raise for more than 5 years).