mod with asc/wells - Loan Modification Forum

newbaby08 · 10-10-2009, 12:05 PM

so confused here.. rec'd mod back in aug with 1st payment due sept 1st at 7.19 % down from10% and fixed. i did not complain paid sept bill. Never got the monthly statement and here comes oct 1st.. checked site as
wellsfargo.com/assist to find there was ANOTHER mod agreement and was being sent to me asap.

Today i rec'd it and it is totally different in my favor..

it was reduced to 5% with my 1st payment due dec 09.
I signed those papers and will be picked up monday via ups.
i am doing backflips because of the better rate however i am not sure if i trust them 100% here.

B Stevens · 10-10-2009, 07:37 PM

Keep your copy and write the tracking number down on your copy because they most likely will call you and claim they haven't received your paperwork.

Congrats on the lower interest rate. Is it permanant for the life of the loan?

10-10-2009, 12:05 PM	#1 (permalink)
newbaby08 Senior Member Join Date: Dec 2008 Posts: 63 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	mod with asc/wells so confused here.. rec'd mod back in aug with 1st payment due sept 1st at 7.19 % down from10% and fixed. i did not complain paid sept bill. Never got the monthly statement and here comes oct 1st.. checked site as wellsfargo.com/assist to find there was ANOTHER mod agreement and was being sent to me asap. Today i rec'd it and it is totally different in my favor.. it was reduced to 5% with my 1st payment due dec 09. I signed those papers and will be picked up monday via ups. i am doing backflips because of the better rate however i am not sure if i trust them 100% here.

10-10-2009, 07:37 PM	#2 (permalink)
B Stevens Senior Member Join Date: May 2009 Posts: 124 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: mod with asc/wells Keep your copy and write the tracking number down on your copy because they most likely will call you and claim they haven't received your paperwork. Congrats on the lower interest rate. Is it permanant for the life of the loan?

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