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This is a discussion on BofA says WF will re-mod to 30 yr fix @ 5.25% within the Countrywide Home Loans - Tell Us Your Countrywide Story forums, part of the Stop Foreclosure and Tell Us Your Story category; A BofA negoatiator has informed me the best my investor (Wells Fargo) will re-modify my loan is a 30 year ...
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| Member Join Date: Aug 2009
Posts: 7
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | BofA says WF will re-mod to 30 yr fix @ 5.25% A BofA negoatiator has informed me the best my investor (Wells Fargo) will re-modify my loan is a 30 year fixed @ 5.25%. If offerred, should I accept? I see some loans as low as 2.0% and some not at all. I am searching for anyone with knowledge of WF being the investor and their ability to deal. Currently, I have a negative option ARM @ 4.85%; and have experienced financial hardship. |
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| LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California
Posts: 2,168
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: BofA says WF will re-mod to 30 yr fix @ 5.25% Hi beaver welcome and thank you for joining the forum. Quote:
__________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. | |
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| Senior Member Join Date: Sep 2008
Posts: 95
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: BofA says WF will re-mod to 30 yr fix @ 5.25% 5.25% for the life of the loan was what they offered me back in December. The CW negotiator said that it was all WF was willing to do. I declined and went to NACA in January but still waiting. I would have taken the 5.25% fixed a year ago but after our property value dropped more than 350K and 200K+ underwater (we purchased before the bubble) we decided it was not worth staying unless we got a really, really good deal. So, It all depends on your situation. I have seen other people get 2% from WF but that has not been our case and still waiting. |
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