First- Thank you for all your help! We were able to get the hamP mod about 8 months ago and have been following your 2nd strategy. Our 2nd is with wells fargo - they charged off right before we got our Hamp- we have been following your strategy and finally received the call that the asset company is willing to take 10%. They are willing to take the payments over 4 months. a few questions- 1. I asked for a letter to put it in writing... what should I look for in the letter? that the debt is cleared? also.. 2. how do I get the lien released from my property? should that be in the letter? 3. I have refused to give them any info including place of employment thus far but they told me once they send the letter and we make payment arrangements they will need current info.. is that true? and finally ..they want to take auto payments from my bank account for the next 4 months.. is that normal? or is there another way to do it? I hate for them to have access to my checking account once this is over. Wells Fargo charged off and the company that is making the offer is Accounts receivable or assets ... should the letter state WElls Fargo?
Thank you again for all you do- You are truly giving life-saving info and helping to save many homes... My eternal thanks!