We have been on the "trial" period since October 2009. We were told at the beginning our payments would stay the same or go down from the trial but never go back to the old payments. Finally last month I contacted MAtthew Turk becuase we were getting the run around. He said he would do "everything" to help us, and have an answer in a month.
Today he calls and says we are denied because we "can't afford the property" He says we make the same as our bills. That is not true. We have about $500 after bills are paid each month and we showed that on the forms we sent in. I asked him what my options are and he said short sale or deed in leiu of foreclosure. I told him that "since we can't afford the property doesn't it make sense to give us the modification becuase we can afford those payments?" He told us that was just a trial.
Makes no sense. My husband called Freddie Mac and told the story and the lady laughed outloud saying we should have gotten the modification and she will file a complaint but that is all she can do.
What can we do now? We don't want to foreclose, we want to stay here and we are willing to pay the modified payments. Would wells fargo rather lose the whole amount of our property than just lose some of it?
I have been crying all day. We can't afford our full payments. They just went up $300 this month too becuase of higher taxes.