Home Equity Success with WF?

[Mandy]

Ok. This is pretty weird. Today, I got a call from the home equity dept. I was told that I might qualify for the HAMP program. I was told that from a $400 payment I would go down to $136...But that I had to call WF Home Mortgage and asked them, if I was being reviewed for a loan mod with the HAMP program. They said yes. Called back the HE and was told that they were going to set up my payment that I would have to give the payment today and the next two on the 15th. That I would also need to call on them monthly to notify them as in how was I doing with the first mortgage. He said that tomorrow, I would get a package? Then he also said that I also qualified for the credit counseling, they gave me the number and told me to call them.

Went to the bank and gave the 136 payment. Came home and logged on to www.wellsfargo.com/assist...... BINGO- DENIED again on the first mortgage. Yesterday, the window had me on pending financials. I even called them yesterday and I was told that it takes days to update, and in less then an hour, I was denied and the screen was updated?

Finally, I called the counseling dept. cccs and we went over my financials. Well, turns out to be that he says that I qualify for a traditional loan mod. and that he was going to send me the financials so that I can send them over to Wells Fargo for an update on them.

So now what? I am still working with NACA, just today I called them and I was told that everything looked good?

Now what? Is it me or the bank?

[Moe Bedard]

This is weird. Maybe you should see what offer you get and let NACA give their blessing on the loan modification. Sounds like a fair deal to me and it doesn't matter if NACA is the one that gives it to you.