Loan Modification Forum - LoanSafe.org - View Single Post - Wells Fargo Loan Mod

madresmustang · 07-12-2009, 01:53 PM

I just read the posting again and noticed they set you up for auto pay and then are still charging the $10 processing fee. I know when I found out they charge to receive the payment instantly on their website and found the fee I thought they were crazy. here it's like Hello you really need to add an extra 120.00 yr cost to a tight budget.

One thing I can say is atleast they were allowing a payment to be made and no I don't think they can force you to pay the extra amount going to Principal that's a choice not part of the loan agreement. That would weird of them to think that, you should only have to meet the loan agreement amount and in increases in Prop. tax and ins. I hope someone can answer that question.

They wouldn't allow me to pay any payments from the start of when I called them. Stated don't make payment while we review, should take 30 days. Okay I put the money in the savings and paid off a couple of bills I got behind on during the slow business time. Well now I am 113 days later and 11000.00 behind, oh now I am waiting on investor to finish review for mod. programs, could take another 30 days.

Stay on top of them, and I'll be praying for you and the 90 day period.

07-12-2009, 01:53 PM	#7 (permalink)
madresmustang Senior Member Join Date: May 2009 Posts: 46 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Wells Fargo Loan Mod - so confused....Help. I just read the posting again and noticed they set you up for auto pay and then are still charging the $10 processing fee. I know when I found out they charge to receive the payment instantly on their website and found the fee I thought they were crazy. here it's like Hello you really need to add an extra 120.00 yr cost to a tight budget. One thing I can say is atleast they were allowing a payment to be made and no I don't think they can force you to pay the extra amount going to Principal that's a choice not part of the loan agreement. That would weird of them to think that, you should only have to meet the loan agreement amount and in increases in Prop. tax and ins. I hope someone can answer that question. They wouldn't allow me to pay any payments from the start of when I called them. Stated don't make payment while we review, should take 30 days. Okay I put the money in the savings and paid off a couple of bills I got behind on during the slow business time. Well now I am 113 days later and 11000.00 behind, oh now I am waiting on investor to finish review for mod. programs, could take another 30 days. Stay on top of them, and I'll be praying for you and the 90 day period.