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

TNT101 · 07-08-2009, 10:59 PM

Thanks OTDave on your comments in string #34

I may need to call the HUD HOPE number.

I entered my request for Wachovia mortgage modification very early today. Have a case ID number back from them and a request for Monthly Income, Monthly Expenses, pay stubs for the last month and last years Tax filing. The monthly expenses will take me time to get this done. They want it fax'd or mailed. Attn Loan Counseling. Not sure what loan modification HAMP or MAP they are thinking of. So I am just starting this. I had no time today to call, I will work on the documents.

I will keep posting status just to help other Wachovia Jumbo ARM loan customers see what happens. I am sure there are lots of us locked into high COSI index rates with no way to refinance and these loans jump to full P&I payments once you get deferred interest of 10% of the original loan. For the Pick-a-pay loan that is about 3 to 3.5 years from the date of the loan if you just paid the minimum payment, option 1.

Looks like July 15th will be 30days late point for the first time.

07-08-2009, 10:59 PM	#44 (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? Thanks OTDave on your comments in string #34 I may need to call the HUD HOPE number. I entered my request for Wachovia mortgage modification very early today. Have a case ID number back from them and a request for Monthly Income, Monthly Expenses, pay stubs for the last month and last years Tax filing. The monthly expenses will take me time to get this done. They want it fax'd or mailed. Attn Loan Counseling. Not sure what loan modification HAMP or MAP they are thinking of. So I am just starting this. I had no time today to call, I will work on the documents. I will keep posting status just to help other Wachovia Jumbo ARM loan customers see what happens. I am sure there are lots of us locked into high COSI index rates with no way to refinance and these loans jump to full P&I payments once you get deferred interest of 10% of the original loan. For the Pick-a-pay loan that is about 3 to 3.5 years from the date of the loan if you just paid the minimum payment, option 1. Looks like July 15th will be 30days late point for the first time.