Loans, Debt & Credit - View Single Post - Did anyone get investment property modified?

fireflyer · 06-21-2009, 05:58 AM

I requested assistance from Wells Fargo (via phone) in January '09 and February, but they said there was nothing they could do since my former home was now being rented out (i.e. an investment property vs. residence). I requested again on 6/8 and they said they were having so many losses that they were now willing to consider investment properties too. They said they would send me a packet in the mail.

On 6/20 I received their "packet", which was actually just a 1-pg letter telling me they must get my information by 6/24 to be considered. It said to fill out the enclosed application and return it & all the necessary documents to Wells Fargo. However, there WAS NO application, just the single letter.

Sigh, their offices are closed on weekends so I will call them on 6/22. But doesn't it seem pretty dumb of them to "forget" to enclose the application which was the reason for mailing me?

I have been taking cash advances on a credit card for the last 3 months in order to make the mortgage payment on this property, since the town (driven by natural gas industries) has gone bust and there are no renters around.

06-21-2009, 05:58 AM	#5 (permalink)
fireflyer Member Join Date: Jun 2009 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Did anyone get investment property modified? I requested assistance from Wells Fargo (via phone) in January '09 and February, but they said there was nothing they could do since my former home was now being rented out (i.e. an investment property vs. residence). I requested again on 6/8 and they said they were having so many losses that they were now willing to consider investment properties too. They said they would send me a packet in the mail. On 6/20 I received their "packet", which was actually just a 1-pg letter telling me they must get my information by 6/24 to be considered. It said to fill out the enclosed application and return it & all the necessary documents to Wells Fargo. However, there WAS NO application, just the single letter. Sigh, their offices are closed on weekends so I will call them on 6/22. But doesn't it seem pretty dumb of them to "forget" to enclose the application which was the reason for mailing me? I have been taking cash advances on a credit card for the last 3 months in order to make the mortgage payment on this property, since the town (driven by natural gas industries) has gone bust and there are no renters around.