help with replies

[grammaleenie]

I, too, would like feedback on a hardship letter I have written. Any feedback will be greatly appreciated. Thank you in advance.

To Whom It May Concern:

I am writing to explain the unfortunate set of circumstances that led to the delinquency on my mortgage.

When my loan application was reviewed and approved, I was working to supplement my disability income. Shortly after applying for the loan, my second income pretty much ceased. I struggled to make the payments, and filed Chapter 13 bankruptcy in 2007, reaffirming my mortgage with Wells Fargo.

In February of this year, I called the number given by the government for assistance (1-888-995-HOPE). After reviewing my income and expenses, I was advised to stop making mortgage payments, and walk away from the debt.

Since that time, I have started working again. I am starting to get back on my feet financially; however, I cannot afford the increased payments of the adjustable rate mortgage.

I am asking if there is any way that I can save my home. I have reached out for assistance from the Neighborhood Housing Services of Toledo. I am “pinching pennies” and looking for additional work. A fixed rate and my delinquency tacked on to the end of my note would mean I could stay in the house I love so much.

I am anxious to hear from you and truly hope you will consider working with me on this matter.

Thank you for your time and consideration.

Sincerely

[grammaleenie]

I see that there are 22 replies to my post; however, I can't seem to find them! I scrolled down to the bottom of the page, and mine is the last one. Page two brings up a list of other threads. I couldn't find the answer in FAQ. Please help!

BTW I have never come across a website with such a wealth of information! I am amazed and grateful!

[Cat Damiano]

Hi grammaleenie,

Welcome to the forum and thank you for joining.................

The thread that you posted your letter in had 22 replies total..........your post was the 22nd post..........I moved it here to your own thread so that you can update and ask questions here.................

Who is the lender?
What is the interest rate at?
When is it going to adjust?
How many months in default are you?

Have you contacted the lender and asked for a modification?

[grammaleenie]

DUH!!! I just logged back on to post "I GET IT" when I saw your reply. Thank you for your reply.

Who is the lender? Wells Fargo
What is the interest rate at? The last statement I have dated 07/06/07 the rate was 11.875%
When is it going to adjust? From what I can decipher, the rate can change monthly.
How many months in default are you? The last correspondence from them (their attorneys) at the beginning of October requested seven months of unpaid premiums.
Have you contacted the lender and asked for a modification? After going through the bankruptcy, my bk attorney dealt with WF. WF proposed an amount of over $1,100 a month to catch me up, which of course I couldn't pay. This Monday, as a "last-ditch effort", I called WF. They gave me a list of things to fax to them for review. The hardship letter is one of the things they requested. I have had no direct contact with WF since my bankruptcy.

You know, it's been awful trying to get helpful information. That's another reason I fell in love with this website! I know I'm not the sharpest tool in the toolshed. I did not request counselling when I purchased my home, and I know I've made mistakes. I should have tried to dig myself out of this a year ago. Actually, I NEVER should have signed this mortgage! I guess I'm trying to do everything I can before I can walk away without qualms.

[Cat Damiano]

Once you get everything in, just make sure that you follow up at least 2-3times per week for updates.

Wells Fargo
1-866-480-5004
1-866-398-7659

[grammaleenie]

Cat:
Thank you for replying. What did you think of the letter? Does it go into enough detail? Should I leave as is?

[Cat Damiano]

It is very good............short and to the point............just make sure that all correspondence that you submit has your loan number and the last four digits of your social on each and every page.

[grammaleenie]

Thank you!