Wachovia and HAMP modification-anyone having success? - Page 2 - Loan Modification Forum

PERSISTENT32 · 07-01-2009, 08:50 AM

I called Wachovia to make sure they received my payment on June 26th for my first trial payment for July 1st. I called and gave them the MCN via western union. I was then told to mail my payments only to the person on the packet. I wanted to make sure my payments were noted by the loan modification department. I was told they would send and email to the person. I sent an email to the contact as well as my direct contact I received from the executive office. I didn't receive a response. I called loss mitigation twice because I was told I could send it via western union. The loss mitigation reps seemed not to have a clue.

I called the executive team to light a fire under the loan modification team to ensure my first payment was recieved and noted on my account. I was told that my first trial payment had been applied to my account. I have saved all those emails.

I am tired of Wachovia/Wells Fargo and will be glad when this entire process is over. I am going to try to pay as much in advance as I can. I didn't know that your permanent payment could actually be lower than your trial payments.

beachdremr1 · 07-04-2009, 02:47 PM

Dave,
I'm having the same issues as you, the offer from Wachovia mod was more than 31%. I just received it yesterday so have not called them back yet. I'm expecting the run around though. I'm in California and our houses are so upside down it unreal. Mine is by about 250K, thats a huge loss for them. Hope someone can give us some helpful options and information. I need to know who to call to get the Obama 31% plan through wachovia. Help please!

messi · 07-04-2009, 05:21 PM

Beachdremr1,

I'm also in CA. and way underwater. I was told i was not eligible for a mod. because I am current on my loan. I was told I needed to wait for the obama modification program to see if they could assist. This obama plan will not be available until the end of this month...we'll see.

OTDave · 07-05-2009, 03:51 PM

This was on July first on the making home affordable website.
(http://makinghomeaffordable.gov/pr_07012009.html)...."Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage."
Not sure if this will help us California folks
It won't help us to accept this offer, maybe if there are enough of us that got the World Savings reach around we can do something.
Anyone know a good tort attorney?

beachdremr1 · 07-06-2009, 08:01 PM

I read the article and it appears to pertain to refinancing. They are extending that from 105% to 125% which they should. I know Vegas is hit really hard like Californias Bay area! It looks like the 31% HAM is still our best bet if we can get Wachovia to do it! Like I mentioned before they offered me a MOD but it was still way more than 31% and I cannot do it at this time. My husband has been unemployed for 11 months now.
I don't want to give up hope just yet, I really want my HOME! So please if anyone is having success with wachovia and the 31% HAM please help the rest of us out on here.

FireandRain · 07-06-2009, 08:19 PM

I'm I correct in my understanding that if you accept the MAP offer from Wachovia you can NOT apply and/or be eligible to receive the HAMP program? I'm now in foreclosure on a Wachovia Pick-A-Pay, just went through the phone interview application for the MAP last week, should hear something soon I think.

If I do receive a MAP offer, likely w/ little to no principal reduction and way off the HAMP's target of 31%, can I then just go ahead and apply for the HAMP Program through Wells or Wachovia? Im still trying to understand this moratorium situation in California. Any input is appreciated....

beachdremr1 · 07-06-2009, 08:45 PM

I don't know for sure, but on mine I will not be accepting the offer because the payment is still more than I can afford. My deadline to accept is July 12 so I will call on the 10th to let them know I can't except and to ask about the HAMP. I'll post their answer once I do.

TNT101 · 07-07-2009, 12:04 AM

Beachdremr1 and Fireandrain

Another Wachovia Pick-a-pay homeowner in a pickle. 2006 Loan, now with $65K deferred interest payments added to the principle.

Anyone know if Wachovia has started the July 2009 HAMP process for loans over the $729K limit. More than 50% on front-end DTI. Second mortgage adds another $550/month payment. Well Fargo holds 100K Second mortgage; Home value is about $100K less than what I owe.

Has anyone started with Wachovia to get 31% DTI loan using HAMP with over $729K first loan? Did you submit your own proposal to Wachovia? or ask for the HAMP at 31% front-end DTI even with the loan above the Obama plan maximum? or did you go through the Executive team phone number at Wachovia?

Looking for what is the starting place to get this going. I will probably miss the first mortgage payment in 2 more months. Never thought this would happen while still fully employed. (No pay raise for more than 5 years).

OTDave · 07-07-2009, 06:11 AM

I spoke with a HUD counselor yesterday at Homeowner’s HOPE™ Hotline: (888) 995-HOPE
from the (http://makinghomeaffordable.gov/) website.
They aren't working for any single bank.
She said she can help me negotiate with Wachovia, don't sign an agreement I can't make the payments on, if I did it would be 12 months before I could try a redo.
Also we are going to look at my other debt and put together a plan. They seemed to be the only sympathetic knowledgeable people so far. Watch out for the scams.
Like I posted earlier my balance is up to 752k so I am not eligible for the 2% deal even though when we got it it was 629k. And I'm not a fannie or freddie loan.

juliea · 07-07-2009, 07:14 AM

I need help.....I called Wachovia in June and was advised
to submit for a loan modification over the phone. They asked for the last two
pay stubs, which I faxed them. I was also advised while it was in modification
to not submit any payments as it would go to principle and not the payments.
They also advised me I could make xxx payment on July 6. Much to
my surprise I called their 1-800 number and was advised my loan was now
in foreclosure.
Fortunately, I had documented who I spoke with and their
agent Id no. Today, I called the foreclosure number and also
the executive escalation to advise them of what has happened.
I also put in for another modification, once again faxed my last 2 paycheck
stubs and also sent a hardship withdrawl letter. (the first time I did not send a
hardship letter) Fortunately, my finances
have greatly improved.

My questions are these:

1-I am worried sick they will take my home as in Texas, which is where I live,
they can foreclose in 30 days and have listed a sale date of August 3. Yes,
I will continue with the modification and call EVERY day and get agent id's.
However, should I contact an attorney? File Chapter 13 bankruptcy if the
modification does not go through? At this point I have no confidence with
Wachovia.

What alternative do I have if the modification does not go through?

How can I get them to accept they payment they agreed I could make on
July 6th?

Should I call Hud or Naca?

I have a lot of equity in the house, which is why I suspect they are
pushing this so quick for foreclosure.

Help!!!!!

upside down in socal · 07-07-2009, 07:45 AM

Juliea,

From what I understand NACA is fast tracking assistance to homeowners with loans that are in forclosure, so give them a call today. Don't wait until it's too late!

PERSISTENT32 · 07-07-2009, 08:48 AM

Quote:

Originally Posted by juliea

I need help.....I called Wachovia in June and was advised
to submit for a loan modification over the phone. They asked for the last two
pay stubs, which I faxed them. I was also advised while it was in modification
to not submit any payments as it would go to principle and not the payments.
They also advised me I could make xxx payment on July 6. Much to
my surprise I called their 1-800 number and was advised my loan was now
in foreclosure.
Fortunately, I had documented who I spoke with and their
agent Id no. Today, I called the foreclosure number and also
the executive escalation to advise them of what has happened.
I also put in for another modification, once again faxed my last 2 paycheck
stubs and also sent a hardship withdrawl letter. (the first time I did not send a
hardship letter) Fortunately, my finances
have greatly improved.

My questions are these:

1-I am worried sick they will take my home as in Texas, which is where I live,
they can foreclose in 30 days and have listed a sale date of August 3. Yes,
I will continue with the modification and call EVERY day and get agent id's.
However, should I contact an attorney? File Chapter 13 bankruptcy if the
modification does not go through? At this point I have no confidence with
Wachovia.

What alternative do I have if the modification does not go through?

How can I get them to accept they payment they agreed I could make on
July 6th?

Should I call Hud or Naca?

I have a lot of equity in the house, which is why I suspect they are
pushing this so quick for foreclosure.

Help!!!!!

Have you tried calling the Executive Team at Wachovia. They should be able to help. The number is 866-642-9407. They usually are quick about resolving issues.

beachdremr1 · 07-07-2009, 08:23 PM

Thank OTDave for that number and info. I will be calling them if I don't get anywhere with wachovia this week. I'll keep you all posted.

juliea · 07-08-2009, 12:10 AM

I called the Executive team at Wachovia and they actually picked up the phone. The man
did call me back and said they can foreclose even when the loan is under modifcation. This is
NOT what they are telling people over the phone.

I also called Naca and the man seemed quite sharp. He seemed to understand quite well the
games the mortgage companies play. I have an appointment next Monday and he is even
working through his lunch hour to see me.

However, what else should I be doing except calling Wachovia every day?

Contacting an attorney???? Does it make sense to file chapter 13 bankrupcy and just
not send them the paperwork for they dismiss the case to buy time? I need to buy
time. Fortunately, I have had a reversal in my finances...large raise at work of
over 10k a year starting in January.

The home will probably appraise for between 180-190 and I owe 122. I have a lot
of equity, how do I protect my equity if they foreclose?

Any sure fire way to stop the sale date????? Is NACA good at stopping a sale date
and getting a modification?????

Help???????????????

SillyWorld · 07-08-2009, 12:39 AM

If you owe 122 and appraisal is 190, would that not be -$32,000.00 in the hole under water or are you counting all your total debt Credit cards and Loans..???

And if you are signed up with NACA you better get to website and fill out the Sell Date, so they can get a postponement.

juliea · 07-08-2009, 01:43 AM

I don't understand...The house probably can be sold for between 180-190. I owe
122. Isn't that about 60k in equity?????However, I want to keep my house. I want to
stop this silly foreclosure and I will fight them tooth and nail. My problem is they will
foreclose in less than 30 days, which they can in Texas.

SillyWorld · 07-08-2009, 01:51 AM

Yes you are correct, Sorry I musta been dreaming or sleep reading I thought you were backwards but no it was me<<< Silly Me

Yes you will have to fight, 30 days if you get proof of sales date then call NACA ASAP, but try all other routes as well

OTDave · 07-08-2009, 04:37 PM

The lady helping us is with AuritonSolutions.org (from the 888-995-hope) and said she is contacting Wachovia on our behalf to recommend a HAMP loan mod that works for us. Also working with the credit card companies and put together a plan for the whole thing.
All help for free. And very sympathetic to our situation.
We don't qualify for NACA because we have a cabin and you can't have a second property with them.

TNT101 · 07-08-2009, 10:59 PM

Thanks OTDave on your comments in string #34

I may need to call the HUD HOPE number.

I entered my request for Wachovia mortgage modification very early today. Have a case ID number back from them and a request for Monthly Income, Monthly Expenses, pay stubs for the last month and last years Tax filing. The monthly expenses will take me time to get this done. They want it fax'd or mailed. Attn Loan Counseling. Not sure what loan modification HAMP or MAP they are thinking of. So I am just starting this. I had no time today to call, I will work on the documents.

I will keep posting status just to help other Wachovia Jumbo ARM loan customers see what happens. I am sure there are lots of us locked into high COSI index rates with no way to refinance and these loans jump to full P&I payments once you get deferred interest of 10% of the original loan. For the Pick-a-pay loan that is about 3 to 3.5 years from the date of the loan if you just paid the minimum payment, option 1.

Looks like July 15th will be 30days late point for the first time.

juliea · 07-09-2009, 12:50 AM

Anyone have any opinons of NACA vs auritron solutions????

SillyWorld · 07-09-2009, 12:55 AM

NACA been around town longer and more widly used and FHA and HUD approved, if that helps any

PERSISTENT32 · 07-09-2009, 06:50 AM

Wachovia pulled my credit for the HAMP program I didn't know they had to pull your credit.

juliea · 07-09-2009, 11:28 AM

The website for aurition is not auritonsolutions.org, it is auriton.org

Also, the number they list to call is 877-332-8700

TNT101 · 07-10-2009, 12:52 AM

Followup for other Wachovia/World Savings Pick-a-Pay customers who may be getting into trouble. Here's my saga 2 days after Wachovia initial Website request to discuss with them a loan modification

I created Income/Exenses files and provided documents listed by Wachovia to their mortgage Modification group. Fax number 210-509-1144. Provided pay stubs for a month back, tax returns (fed and State) and the monthly income vs montly expenses. Was + by $150 but with new monthly increase in July it is negative by $150 but that is at negative amortization payment pick 1. Not sure what they will think of the numbers.

I have not contacted NACA yet.

Just received new property tax record, house is now valued $140K less than last years tax property evaluation. Underwater on house based on this compared to the total of first and HELOC loan by about $125K. I am in SF East Bay CA area so others might expect this any day. Lowers taxes for me, I was over $12K per year last year.

Next stop is Loan Modification request letter with hardship, big drop of wife's income in the last year. Probably the QWR letter after that.

Any other suggestions on the right steps to take with Wachovia?

luckysigil · 07-12-2009, 11:54 PM

Quote:

Originally Posted by TNT101

Thanks OTDave on your comments in string #34

I may need to call the HUD HOPE number.

I entered my request for Wachovia mortgage modification very early today. Have a case ID number back from them and a request for Monthly Income, Monthly Expenses, pay stubs for the last month and last years Tax filing. The monthly expenses will take me time to get this done. They want it fax'd or mailed. Attn Loan Counseling. Not sure what loan modification HAMP or MAP they are thinking of. So I am just starting this. I had no time today to call, I will work on the documents.

I will keep posting status just to help other Wachovia Jumbo ARM loan customers see what happens. I am sure there are lots of us locked into high COSI index rates with no way to refinance and these loans jump to full P&I payments once you get deferred interest of 10% of the original loan. For the Pick-a-pay loan that is about 3 to 3.5 years from the date of the loan if you just paid the minimum payment, option 1.

Looks like July 15th will be 30days late point for the first time.

hi there - what do you mean by 30 days late point for the first time???

07-01-2009, 08:50 AM	#26 (permalink)
PERSISTENT32 Senior Member Join Date: May 2009 Posts: 103	Re: Wachovia and HAMP modification-anyone having success? I called Wachovia to make sure they received my payment on June 26th for my first trial payment for July 1st. I called and gave them the MCN via western union. I was then told to mail my payments only to the person on the packet. I wanted to make sure my payments were noted by the loan modification department. I was told they would send and email to the person. I sent an email to the contact as well as my direct contact I received from the executive office. I didn't receive a response. I called loss mitigation twice because I was told I could send it via western union. The loss mitigation reps seemed not to have a clue. I called the executive team to light a fire under the loan modification team to ensure my first payment was recieved and noted on my account. I was told that my first trial payment had been applied to my account. I have saved all those emails. I am tired of Wachovia/Wells Fargo and will be glad when this entire process is over. I am going to try to pay as much in advance as I can. I didn't know that your permanent payment could actually be lower than your trial payments.

07-04-2009, 02:47 PM	#27 (permalink)
beachdremr1 Member Join Date: Jul 2009 Posts: 10	Re: Wachovia and HAMP modification-anyone having success? Dave, I'm having the same issues as you, the offer from Wachovia mod was more than 31%. I just received it yesterday so have not called them back yet. I'm expecting the run around though. I'm in California and our houses are so upside down it unreal. Mine is by about 250K, thats a huge loss for them. Hope someone can give us some helpful options and information. I need to know who to call to get the Obama 31% plan through wachovia. Help please!

07-04-2009, 05:21 PM	#28 (permalink)
messi Senior Member Join Date: Feb 2009 Posts: 66	Re: Wachovia and HAMP modification-anyone having success? Beachdremr1, I'm also in CA. and way underwater. I was told i was not eligible for a mod. because I am current on my loan. I was told I needed to wait for the obama modification program to see if they could assist. This obama plan will not be available until the end of this month...we'll see.

07-05-2009, 03:51 PM	#29 (permalink)
OTDave Member Join Date: Jun 2009 Posts: 5	Re: Wachovia and HAMP modification-anyone having success? This was on July first on the making home affordable website. (http://makinghomeaffordable.gov/pr_07012009.html)...."Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage." Not sure if this will help us California folks It won't help us to accept this offer, maybe if there are enough of us that got the World Savings reach around we can do something. Anyone know a good tort attorney?

07-06-2009, 08:01 PM	#30 (permalink)
beachdremr1 Member Join Date: Jul 2009 Posts: 10	Re: Wachovia and HAMP modification-anyone having success? I read the article and it appears to pertain to refinancing. They are extending that from 105% to 125% which they should. I know Vegas is hit really hard like Californias Bay area! It looks like the 31% HAM is still our best bet if we can get Wachovia to do it! Like I mentioned before they offered me a MOD but it was still way more than 31% and I cannot do it at this time. My husband has been unemployed for 11 months now. I don't want to give up hope just yet, I really want my HOME! So please if anyone is having success with wachovia and the 31% HAM please help the rest of us out on here.

07-06-2009, 08:19 PM	#31 (permalink)
FireandRain Senior Member Join Date: Jan 2009 Posts: 72	Re: Wachovia and HAMP modification-anyone having success? I'm I correct in my understanding that if you accept the MAP offer from Wachovia you can NOT apply and/or be eligible to receive the HAMP program? I'm now in foreclosure on a Wachovia Pick-A-Pay, just went through the phone interview application for the MAP last week, should hear something soon I think. If I do receive a MAP offer, likely w/ little to no principal reduction and way off the HAMP's target of 31%, can I then just go ahead and apply for the HAMP Program through Wells or Wachovia? Im still trying to understand this moratorium situation in California. Any input is appreciated....

07-06-2009, 08:45 PM	#32 (permalink)
beachdremr1 Member Join Date: Jul 2009 Posts: 10	Re: Wachovia and HAMP modification-anyone having success? I don't know for sure, but on mine I will not be accepting the offer because the payment is still more than I can afford. My deadline to accept is July 12 so I will call on the 10th to let them know I can't except and to ask about the HAMP. I'll post their answer once I do.

07-07-2009, 12:04 AM	#33 (permalink)
TNT101 Senior Member Join Date: Jun 2009 Posts: 49	Re: Wachovia and HAMP modification-anyone having success? Beachdremr1 and Fireandrain Another Wachovia Pick-a-pay homeowner in a pickle. 2006 Loan, now with $65K deferred interest payments added to the principle. Anyone know if Wachovia has started the July 2009 HAMP process for loans over the $729K limit. More than 50% on front-end DTI. Second mortgage adds another $550/month payment. Well Fargo holds 100K Second mortgage; Home value is about $100K less than what I owe. Has anyone started with Wachovia to get 31% DTI loan using HAMP with over $729K first loan? Did you submit your own proposal to Wachovia? or ask for the HAMP at 31% front-end DTI even with the loan above the Obama plan maximum? or did you go through the Executive team phone number at Wachovia? Looking for what is the starting place to get this going. I will probably miss the first mortgage payment in 2 more months. Never thought this would happen while still fully employed. (No pay raise for more than 5 years).

07-07-2009, 06:11 AM	#34 (permalink)
OTDave Member Join Date: Jun 2009 Posts: 5	Re: Wachovia and HAMP modification-anyone having success? I spoke with a HUD counselor yesterday at Homeowner’s HOPE™ Hotline: (888) 995-HOPE from the (http://makinghomeaffordable.gov/) website. They aren't working for any single bank. She said she can help me negotiate with Wachovia, don't sign an agreement I can't make the payments on, if I did it would be 12 months before I could try a redo. Also we are going to look at my other debt and put together a plan. They seemed to be the only sympathetic knowledgeable people so far. Watch out for the scams. Like I posted earlier my balance is up to 752k so I am not eligible for the 2% deal even though when we got it it was 629k. And I'm not a fannie or freddie loan.

07-07-2009, 07:14 AM	#35 (permalink)
juliea Member Join Date: Jul 2009 Posts: 9	HELP! Wachovia put my house in foreclosure! I need help.....I called Wachovia in June and was advised to submit for a loan modification over the phone. They asked for the last two pay stubs, which I faxed them. I was also advised while it was in modification to not submit any payments as it would go to principle and not the payments. They also advised me I could make xxx payment on July 6. Much to my surprise I called their 1-800 number and was advised my loan was now in foreclosure. Fortunately, I had documented who I spoke with and their agent Id no. Today, I called the foreclosure number and also the executive escalation to advise them of what has happened. I also put in for another modification, once again faxed my last 2 paycheck stubs and also sent a hardship withdrawl letter. (the first time I did not send a hardship letter) Fortunately, my finances have greatly improved. My questions are these: 1-I am worried sick they will take my home as in Texas, which is where I live, they can foreclose in 30 days and have listed a sale date of August 3. Yes, I will continue with the modification and call EVERY day and get agent id's. However, should I contact an attorney? File Chapter 13 bankruptcy if the modification does not go through? At this point I have no confidence with Wachovia. What alternative do I have if the modification does not go through? How can I get them to accept they payment they agreed I could make on July 6th? Should I call Hud or Naca? I have a lot of equity in the house, which is why I suspect they are pushing this so quick for foreclosure. Help!!!!!

07-07-2009, 07:45 AM	#36 (permalink)
upside down in socal Member Join Date: May 2009 Posts: 14	Re: Wachovia and HAMP modification-anyone having success? Juliea, From what I understand NACA is fast tracking assistance to homeowners with loans that are in forclosure, so give them a call today. Don't wait until it's too late!

07-07-2009, 08:23 PM	#38 (permalink)
beachdremr1 Member Join Date: Jul 2009 Posts: 10	Re: Wachovia and HAMP modification-anyone having success? Thank OTDave for that number and info. I will be calling them if I don't get anywhere with wachovia this week. I'll keep you all posted.

07-08-2009, 12:10 AM	#39 (permalink)
juliea Member Join Date: Jul 2009 Posts: 9	Re: Wachovia and HAMP modification-anyone having success? I called the Executive team at Wachovia and they actually picked up the phone. The man did call me back and said they can foreclose even when the loan is under modifcation. This is NOT what they are telling people over the phone. I also called Naca and the man seemed quite sharp. He seemed to understand quite well the games the mortgage companies play. I have an appointment next Monday and he is even working through his lunch hour to see me. However, what else should I be doing except calling Wachovia every day? Contacting an attorney???? Does it make sense to file chapter 13 bankrupcy and just not send them the paperwork for they dismiss the case to buy time? I need to buy time. Fortunately, I have had a reversal in my finances...large raise at work of over 10k a year starting in January. The home will probably appraise for between 180-190 and I owe 122. I have a lot of equity, how do I protect my equity if they foreclose? Any sure fire way to stop the sale date????? Is NACA good at stopping a sale date and getting a modification????? Help???????????????

07-08-2009, 12:39 AM	#40 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,098	Re: Wachovia and HAMP modification-anyone having success? If you owe 122 and appraisal is 190, would that not be -$32,000.00 in the hole under water or are you counting all your total debt Credit cards and Loans..??? And if you are signed up with NACA you better get to website and fill out the Sell Date, so they can get a postponement. __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-08-2009, 01:43 AM	#41 (permalink)
juliea Member Join Date: Jul 2009 Posts: 9	Re: Wachovia and HAMP modification-anyone having success? I don't understand...The house probably can be sold for between 180-190. I owe 122. Isn't that about 60k in equity?????However, I want to keep my house. I want to stop this silly foreclosure and I will fight them tooth and nail. My problem is they will foreclose in less than 30 days, which they can in Texas.

07-08-2009, 01:51 AM	#42 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,098	Re: Wachovia and HAMP modification-anyone having success? Yes you are correct, Sorry I musta been dreaming or sleep reading I thought you were backwards but no it was me<<< Silly Me Yes you will have to fight, 30 days if you get proof of sales date then call NACA ASAP, but try all other routes as well __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-08-2009, 04:37 PM	#43 (permalink)
OTDave Member Join Date: Jun 2009 Posts: 5	Re: Wachovia and HAMP modification-anyone having success? The lady helping us is with AuritonSolutions.org (from the 888-995-hope) and said she is contacting Wachovia on our behalf to recommend a HAMP loan mod that works for us. Also working with the credit card companies and put together a plan for the whole thing. All help for free. And very sympathetic to our situation. We don't qualify for NACA because we have a cabin and you can't have a second property with them.

07-08-2009, 10:59 PM	#44 (permalink)
TNT101 Senior Member Join Date: Jun 2009 Posts: 49	Re: Wachovia and HAMP modification-anyone having success? Thanks OTDave on your comments in string #34 I may need to call the HUD HOPE number. I entered my request for Wachovia mortgage modification very early today. Have a case ID number back from them and a request for Monthly Income, Monthly Expenses, pay stubs for the last month and last years Tax filing. The monthly expenses will take me time to get this done. They want it fax'd or mailed. Attn Loan Counseling. Not sure what loan modification HAMP or MAP they are thinking of. So I am just starting this. I had no time today to call, I will work on the documents. I will keep posting status just to help other Wachovia Jumbo ARM loan customers see what happens. I am sure there are lots of us locked into high COSI index rates with no way to refinance and these loans jump to full P&I payments once you get deferred interest of 10% of the original loan. For the Pick-a-pay loan that is about 3 to 3.5 years from the date of the loan if you just paid the minimum payment, option 1. Looks like July 15th will be 30days late point for the first time.

07-09-2009, 12:50 AM	#45 (permalink)
juliea Member Join Date: Jul 2009 Posts: 9	Re: Wachovia and HAMP modification-anyone having success? Anyone have any opinons of NACA vs auritron solutions????

07-09-2009, 12:55 AM	#46 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,098	Re: Wachovia and HAMP modification-anyone having success? NACA been around town longer and more widly used and FHA and HUD approved, if that helps any __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-09-2009, 06:50 AM	#47 (permalink)
PERSISTENT32 Senior Member Join Date: May 2009 Posts: 103	Re: Wachovia and HAMP modification-anyone having success? Wachovia pulled my credit for the HAMP program I didn't know they had to pull your credit.

07-09-2009, 11:28 AM	#48 (permalink)
juliea Member Join Date: Jul 2009 Posts: 9	Re: Wachovia and HAMP modification-anyone having success? The website for aurition is not auritonsolutions.org, it is auriton.org Also, the number they list to call is 877-332-8700

07-10-2009, 12:52 AM	#49 (permalink)
TNT101 Senior Member Join Date: Jun 2009 Posts: 49	Re: Wachovia and HAMP modification-anyone having success? Followup for other Wachovia/World Savings Pick-a-Pay customers who may be getting into trouble. Here's my saga 2 days after Wachovia initial Website request to discuss with them a loan modification I created Income/Exenses files and provided documents listed by Wachovia to their mortgage Modification group. Fax number 210-509-1144. Provided pay stubs for a month back, tax returns (fed and State) and the monthly income vs montly expenses. Was + by $150 but with new monthly increase in July it is negative by $150 but that is at negative amortization payment pick 1. Not sure what they will think of the numbers. I have not contacted NACA yet. Just received new property tax record, house is now valued $140K less than last years tax property evaluation. Underwater on house based on this compared to the total of first and HELOC loan by about $125K. I am in SF East Bay CA area so others might expect this any day. Lowers taxes for me, I was over $12K per year last year. Next stop is Loan Modification request letter with hardship, big drop of wife's income in the last year. Probably the QWR letter after that. Any other suggestions on the right steps to take with Wachovia?

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