| Re: ASC modification
Hello Everyone, After not hearing anything back from ASC yesterday (after leaving several messages for my negotiator) I called again today. I was told that our loan was fixed at the 7.70 for the life of the loan but the investor would not go any lower than that interest rate. She did tell me that the modificaton is a one time only, and if we are ever late again we will not be able to get another mod. I told her the interest rate is too high for us and she said our only other option would be to refinance with another company. Who in the world will refi a loan that is past due?? Here's my big question and I can't seem to find the answer to it anywhere, If we accept this mod. (which we only have a couple of days to do) can we still try to get help on October 1st? I was once again told today that they don't know who the investor is on my loan although the return address on the DHL envelope says Wells Fargo. Is it safe to assume they are the investor? Once again, thanks for everything |