Wells fargo story

[Lajazz947]

By the way, for those of you with WF here is a ray of hope:

I know each person has a different experience but my neighbor accross the street told me on saturday that his experience with WF on the modification was a snap.

He had real troubles with the Refi and ended up selling the house. never tried to modify and then they sold the house and got a call from WF right away.

He knocked off $2000 from his payment.

Hope this helps someone.

I have WF for my 2nd so we will see what happens.

I sent the following letter and got an e mail the next day telling me that they had gotten it.

I have a $50,000 2nd on the house. Probably barely breakiing even on the 1st.


At least they acknowledged the letter. I sent it to everyone at WF via e mail and by regular mail.

I am writing this letter to explain my unfortunate set of circumstances that have caused us to begin to become delinquent on our 2nd mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working with us to settle our loan in full.

As I am sure you are aware, we have been discharged in Chapter 7 bankruptcy and are free to just walk away from this obligation. At the same time a loss of income forced me to withdraw retirement plans leaving me with a tax bill that must be paid over and above all other obligations.

I also have a student loan that must be repaid as well.

At this time, I am writing to you to see if we can settle this HELOC loan for 10% without interest to be paid in full within 60 months. We have the means to obtain this amount of our settlement offer now. Obviously if we were to just foreclose, your chances of receiving any payment at all is bleak at most due to the fact that the 1st is barely covering the home value.

We would appreciate your consideration to accept our proposal for settlement.

Sincerely,