Loan Modification Forum - LoanSafe.org - View Single Post - Modification of 5 in 1 arm Wells Fargo SUCCESS!!

SanJoseGal · 07-22-2009, 11:36 PM

5in1arm-

We submitted our 3rd attempt to a loan modification to Wells Fargo last week. We have a 5 year 1 arm IO as well. The good news is they actually ordered a BPO this time. This is the first time we showed a small surplus in income, so that did work so far.

Did they order a BPO for your loan mod process? If so how long did it take to get that process complete? What is the next step?

Thanks and congrats!

SanJoseGal

07-22-2009, 11:36 PM	#108 (permalink)
SanJoseGal Senior Member Join Date: May 2009 Posts: 39 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Modification of 5 in 1 arm Wells Fargo SUCCESS!! 5in1arm- We submitted our 3rd attempt to a loan modification to Wells Fargo last week. We have a 5 year 1 arm IO as well. The good news is they actually ordered a BPO this time. This is the first time we showed a small surplus in income, so that did work so far. Did they order a BPO for your loan mod process? If so how long did it take to get that process complete? What is the next step? Thanks and congrats! SanJoseGal