Loans, Debt & Credit - View Single Post

Tryingtostaypositive · 03-03-2009, 12:16 PM

I have an option arm with Wachovia and asked for a loan mod the end of Jan and was declined the beginning of Feb. Since then I received a letter from them saying to call as they may be able to help by lowering interest rate, reducing balance, extending terms of my loan, etc. I called them mid-Feb and they started a new request - under a program they call MAP - Mortgage Assistance Program. I think this is something new and is being driven by Wells Fargo for customers of Wachovia. I am also underwater and I'm still waiting to hear.

I would call them again - if you are behind in your payments you should contact loss mitigation. See if there is anything new that might help you.

03-03-2009, 12:16 PM	#6 (permalink)
Tryingtostaypositive Senior Member Join Date: Feb 2009 Posts: 30 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Wachovia's Project Green Earth Loan Mod. I have an option arm with Wachovia and asked for a loan mod the end of Jan and was declined the beginning of Feb. Since then I received a letter from them saying to call as they may be able to help by lowering interest rate, reducing balance, extending terms of my loan, etc. I called them mid-Feb and they started a new request - under a program they call MAP - Mortgage Assistance Program. I think this is something new and is being driven by Wells Fargo for customers of Wachovia. I am also underwater and I'm still waiting to hear. I would call them again - if you are behind in your payments you should contact loss mitigation. See if there is anything new that might help you.