First I want to say thank you so much to Cat and the other helpful people who have established this forum. I have learned so much from just browsing around and it really helps to know what others have done and that I am not alone.
Onto my situation...
I have a foreclosure date set for 6/28/09. I have been waiting for Wells Fargo's Loss Mitigation dept to notify me and tell me if they will modify my loan or set up a repayment plan. Anything to keep my home. I was really hoping to get into the "Making Home Affordable" plan but I was told by Wells Fargo that my loan has a private investor (and it's not FHA) so I will not qualify for that program, even though I have suffered a loss of income and am behind on my payments. Is this true? Is there any way that I can get into the Making Home Affordable plan any other way, perhaps through NACA or some other lender? It would really help to decrease my monthly interest rate, as my current payment is interest only for 10 years and is already 37.5% of my gross income (I'm in California). I have already sent Wells Fargo proof of income, monthly expenses and a hardship letter.
What can I look forward to Wells Fargo doing?