Loan Modification Forum - LoanSafe.org - View Single Post

grammaleenie · 11-20-2008, 11:34 AM

DUH!!! I just logged back on to post "I GET IT" when I saw your reply. Thank you for your reply.

Who is the lender? Wells Fargo
What is the interest rate at? The last statement I have dated 07/06/07 the rate was 11.875%
When is it going to adjust? From what I can decipher, the rate can change monthly.
How many months in default are you? The last correspondence from them (their attorneys) at the beginning of October requested seven months of unpaid premiums.
Have you contacted the lender and asked for a modification? After going through the bankruptcy, my bk attorney dealt with WF. WF proposed an amount of over $1,100 a month to catch me up, which of course I couldn't pay. This Monday, as a "last-ditch effort", I called WF. They gave me a list of things to fax to them for review. The hardship letter is one of the things they requested. I have had no direct contact with WF since my bankruptcy.

You know, it's been awful trying to get helpful information. That's another reason I fell in love with this website! I know I'm not the sharpest tool in the toolshed. I did not request counselling when I purchased my home, and I know I've made mistakes. I should have tried to dig myself out of this a year ago. Actually, I NEVER should have signed this mortgage! I guess I'm trying to do everything I can before I can walk away without qualms.

11-20-2008, 11:34 AM	#4 (permalink)
grammaleenie Member Join Date: Nov 2008 Posts: 7 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: help with replies DUH!!! I just logged back on to post "I GET IT" when I saw your reply. Thank you for your reply. Who is the lender? Wells Fargo What is the interest rate at? The last statement I have dated 07/06/07 the rate was 11.875% When is it going to adjust? From what I can decipher, the rate can change monthly. How many months in default are you? The last correspondence from them (their attorneys) at the beginning of October requested seven months of unpaid premiums. Have you contacted the lender and asked for a modification? After going through the bankruptcy, my bk attorney dealt with WF. WF proposed an amount of over $1,100 a month to catch me up, which of course I couldn't pay. This Monday, as a "last-ditch effort", I called WF. They gave me a list of things to fax to them for review. The hardship letter is one of the things they requested. I have had no direct contact with WF since my bankruptcy. You know, it's been awful trying to get helpful information. That's another reason I fell in love with this website! I know I'm not the sharpest tool in the toolshed. I did not request counselling when I purchased my home, and I know I've made mistakes. I should have tried to dig myself out of this a year ago. Actually, I NEVER should have signed this mortgage! I guess I'm trying to do everything I can before I can walk away without qualms.