rec'd mod with wf BUT.... - Loan Modification Forum

newbaby08 · 07-16-2009, 05:31 PM

Ok back on june 15th we recd the package for the mod. Rate was fixed WONDERFUL monthly rate was GREAT.
First payment due aug1st.
Today i called because i sent back all the required paperwork and since it is 1/2 through july i thought i would send in the payment. They said oh you are to send in payment to the loss mig dept. I said oh the mod paperwork was sent back on 6/30 and my check for $83.00 was cashed on 6/30. She claims that it could take 30 days for the system to switch you from loss mig to the mod dept and finalized everything in the system.
So i am still sending payment tommorrow but i think it seems odd that there is a 15 day delay....

thoughts anyone>

Evan Bedard · 07-16-2009, 06:07 PM

Hi newbaby08,

Not sure why it is taking so long to apply.. Did she at least confirm with you that your paperwork has indeed been recieved?

deanna · 07-16-2009, 06:40 PM

same goes with me - i completed the HAMP trial period - the last payment was due on July 1st - and until now - I haven't received the final doc from Wells - they claimed that the process takes a longer to convert the loan into a perm mod.

we called the executive - and it seemed like they just want us to resubmit the paper work ...
will kepp you posted of what the outcome will be

newbaby08 · 07-17-2009, 03:57 AM

they rec'd the paperwork because the check for the contribution that was required was rec and it all went back in the same envelope.

everything was sent to wells fargo however i called asc which could be the issue maybe wells fargo has completed it however the transmittion from adj to fixed rate has not been rec;d by asc.

they confirm that something has been done or is being done so i guess i will just send payment in so i am not late.

07-16-2009, 05:31 PM	#1 (permalink)
newbaby08 Senior Member Join Date: Dec 2008 Posts: 63 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	rec'd mod with wf BUT.... Ok back on june 15th we recd the package for the mod. Rate was fixed WONDERFUL monthly rate was GREAT. First payment due aug1st. Today i called because i sent back all the required paperwork and since it is 1/2 through july i thought i would send in the payment. They said oh you are to send in payment to the loss mig dept. I said oh the mod paperwork was sent back on 6/30 and my check for $83.00 was cashed on 6/30. She claims that it could take 30 days for the system to switch you from loss mig to the mod dept and finalized everything in the system. So i am still sending payment tommorrow but i think it seems odd that there is a 15 day delay.... thoughts anyone>

07-16-2009, 06:07 PM	#2 (permalink)
Evan Bedard 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: rec'd mod with wf BUT.... Hi newbaby08, Not sure why it is taking so long to apply.. Did she at least confirm with you that your paperwork has indeed been recieved? __________________ 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.

07-16-2009, 06:40 PM	#3 (permalink)
deanna Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: rec'd mod with wf BUT.... same goes with me - i completed the HAMP trial period - the last payment was due on July 1st - and until now - I haven't received the final doc from Wells - they claimed that the process takes a longer to convert the loan into a perm mod. we called the executive - and it seemed like they just want us to resubmit the paper work ... will kepp you posted of what the outcome will be

07-17-2009, 03:57 AM	#4 (permalink)
newbaby08 Senior Member Join Date: Dec 2008 Posts: 63 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: rec'd mod with wf BUT.... they rec'd the paperwork because the check for the contribution that was required was rec and it all went back in the same envelope. everything was sent to wells fargo however i called asc which could be the issue maybe wells fargo has completed it however the transmittion from adj to fixed rate has not been rec;d by asc. they confirm that something has been done or is being done so i guess i will just send payment in so i am not late.

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