Our ASC/Wells Saga and Mediation update

[drea28]

Jim,
I initially heard about the program on the news and in the paper. The website is NJ Judiciary Foreclosure Mediation Program 1-888-989-5277 I called the hotline and they put me in touch with a housing counsellor. Since I was in foreclosure and had a sale date, they made me an appointment ASAP at a local agency. The counsellor sat with us, took all our income/expense and other info (same stuff Wells asks you for) and then filled out paperwork requesting a mediation date and also the application for a HAMP trial/mod. While we waited for a mediation date (about 3 months) the sale was stayed. You can read the rest of my threads to see how the mediation process progressed. We ended up having to go 3 times, which they said was not unusual. Hope this helps. Let me know if you have more questions.

[tamika256]

I have ASC/wells fargo. May I ask if you sent your HAMP paperwork to Wells fargo or ASC

[CCCrazy]

Can anyone provide me with this Wells CTS Link that tells you the loan pool you are in? I did a search but couldn't find anything - thanks!!!

[CCCrazy]

ok, i figured it out...it's ctslink.com - i've registered, but now what do I do!!! How do I find out what loan pool I'm in...do you i use my loan number somehow? I'm at a loss at what to do next...

[tamika256]

Well ...ASC/Wells Fargo denied my HAMP modification. I don't really blame them. The monthly payment is still too much. At 2% I'd have to pay 822 for principal and interest. that doesn't include 375/month on property taxes, and I still have a home equity line of credit that is running around 250/month. This would only save me about 200/month, which isn't worth it. I'm going to talk to the mortgage specialist who is listed on the NPV sheet. I don't think that ASC/Wells Fargo would have an inhouse modification that is better than the HAMP. So, after I talk to her...I'll be talking to a lawyer.