Sent QWR to Sovereign

[olassh]

I sent my QWR letter to Sovereign and was advised to "forward about $200.00 for the number of documents". Is this the norm? Also, I have called the bank and left messages to check on status of foreclosure and I get no replies. I am not willing to lose my home, I put my life savings into buying it and I feel that since the value has gone down so much, the bank should take some of the loss. Is my thinking way out in left field, or what? I've been denied a modification twice because of income deficit, but If anything, my income has increased in the 5 years that I've been here. There is just no way that I can make the payments when the loan adjusts in January.

[Evan Bedard]

Hi olassh,

I sent my QWR letter to Sovereign and was advised to "forward about $200.00 for the number of documents". Is this the norm?

Are they asking 200 for you to send them information for your loan modification??

[olassh]

Hello, No, they are asking for $200.00 to send the documents listed in the QWR. Would you say that was pretty much the norm? I really don't know what I'm doing, I have to say. Thanks for any advice

[Evan Bedard]

Hi olashh,

Ok they are asking for money to provide you with your original loan docs. I have seen this before but never as much as $200... I would keep calling and talk to a manager/supervisor to see if they can possibly lower that amount.

[olassh]

Thank you! I'll do that.

[Evan Bedard]

Your welcome and remember to be firm with your lender when speaking with them.

Keep us posted!

[Murray12]

Yes, exactly Evan. Be respectful but firm, don't be too nice. Who is the investor on the loan?

SunTrust charged me $5.00 per document, but in my case it was worth it since I discovered altered documents. So, I think it was a good investment or we will see.