I lost my job in March 2009, the next week I filed for unemployment and in May I applied for a Loan Modification through Wells Fargo under the Making Home Affordable plan. I received the paperwork, filled everything out and sent it in along with my first months trial payment. I was told this would take 3-4 months of sending in the trial payments and they would come back to me with a decision.
Here it is, almost December and whenever I call (which is once every week or two) they keep telling me "Your paperwork is with the negotiator and is being reviewed." The last time I called the person I spoke with said she sent an e-mail to the negotiator to escalate my paperwork.
I am still on unemployment, and have an extension up through May 2010. I've read so many stories on this forum about people who have applied for a Loan Modification after me who have already been notified by Wells Fargo on a decision, and yet here I am, still waiting to even hear back from them.
I have been unemployed for almost 9 months and I have sent in my 6th trial payment for the month of December. My loan is secured by Fannie Mae and my financial worksheet shows around a $200 positive. This is my first house, only 1 mortgage on it, value to amount owed (upside down -3.4%) and they have just this month reported my loan to the crediting agency so I took a 100 point hit now down to 694...
Is anyone having the same problems?
Is this maybe taking longer because I am unemployed?
Is there anything I can do to try and expedite the process?
Any words of hope?