Old 07-22-2009, 12:19 PM   #1 (permalink)
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loan mod with asc/wells fargo

i just completed our 3 month forebearance with asc/wells fargo. im told we are in the review process. i went online to the wells fargo home assistant site to check the status and this is the most recent info. im curious to know if anyone has gone thru this. thanks for your help.
jennifer
Current Status: Reviewing your account

We're currently reviewing your account to evaluate any opportunity for a workout agreement. If we need any additional information during the review process, we'll contact you.

Status Overview
--------------------------------------------------------------------------------
Step Name Status
Step 1 Reviewing your account COMPLETED
Step 2 Processing your agreement IN PROCESS
Step 3 Documents received NOT STARTED
Step 4 Reviewing your account NOT STARTED


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Old 07-22-2009, 03:19 PM   #2 (permalink)
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Re: loan mod with asc/wells fargo

Hi jennifer,

[QUOTE][i just completed our 3 month forebearance with asc/wells fargo. im told we are in the review process. i went online to the wells fargo home assistant site to check the status and this is the most recent info. im curious to know if anyone has gone thru this. thanks for your help.
jennifer
Current Status: Reviewing your account
/QUOTE]

Once your forbearance is complete the lender will continue to review your case for a permanent resolution. I believe this is why it says reviewing your account..
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Old 07-23-2009, 05:52 AM   #3 (permalink)
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Re: loan mod with asc/wells fargo

good morning everyone, i went on the wells fargo loan status inquiry site and it shows different info from yesterday. called wells this morning and the gal told me it is close to being finalized and sent out to me. not sure if this is true or not as i have had nothing but a great experience dealing with wells fargo. each time i call they are exceptionally nice and told me this is a difficult situation for anyone to have to be in and to be reassured that they are going to do what they can to help us. this is my second loan mod. i completed one last july but was locked in at a horrible rate of 10.5% so when the obama plan kicked in i called to see if our invester would consider completing a second loan mod with a lower rate. our 3 month forebearance payment was 1,807.50 which was at a 5.5% rate from our 2,549.03 at 10.5%. they told me as long as i complete the three probationary payments on or before the due date they will modify our loan at 5.5% or lower if possible.did anyone go thru this? thanks for your input.

Current Status: Reviewing your account

We're currently reviewing your account to evaluate any opportunity for a workout agreement. If we need any additional information during the review process, we'll contact you.

Status Overview
--------------------------------------------------------------------------------
Step Name Status
Step 1 Reviewing your account COMPLETED
Step 2 Preparing modification agreement IN PROCESS
Step 4 Payment Received NOT STARTED
Step 5 Documents Received NOT STARTED
Step 6 Reviewing your account NOT STARTED
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Old 07-23-2009, 10:44 AM   #4 (permalink)
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Re: loan mod with asc/wells fargo

Good job Jennifer seems like everythings well and your case should be finalized very soon. Please keep us posted on the outcome of you modification!
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Old 07-30-2009, 04:27 AM   #5 (permalink)
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Re: loan mod with asc/wells fargo

went on the wells fargo site to check the status of our loan mod and noticed step 2 went from PROCESSING to PREPARING loan mod agreement. does anyone have any suggestions? thanks for your help
Jennifer

Status Overview
--------------------------------------------------------------------------------
Step Name Status
Step 1 Reviewing your account COMPLETED
Step 2 PREPARING modification agreement IN PROCESS
Step 4 Payment Received NOT STARTED
Step 5 Documents Received NOT STARTED
Step 6 Reviewing your account NOT STARTED
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Old 07-30-2009, 08:51 AM   #6 (permalink)
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Re: loan mod with asc/wells fargo

Lucky you! Thats all I can say....:-)
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Old 07-30-2009, 10:31 AM   #7 (permalink)
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Re: loan mod with asc/wells fargo

Hi Jennifer123 - a big congrats, hopefully all will work out w/you. Please answer one questions as we've been dealing with the same (ASC/Wells F) for some time. Did you mail your info, if so where -- OR did you do it on-line? Thanks, Alexis
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Old 07-31-2009, 06:10 PM   #8 (permalink)
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Re: loan mod with asc/wells fargo

well i was approved, rec'd final paperwork on 6/18 , signed sent back on 6/19 first payment was due 8/1 on 7/30 called to make payment via phone and was told the mod was REJECTED on 7/30 due to an interest issue and they were re-vising it.
i am now scared it is going to be more but seems odd cause it was signed and sent back on time......only to be told that. i am just praying that the figures are not going to change if they do , i will be furious.
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