Going to try to keep this short, here's my story: Applied twice for loan modifications with Wells Fargo over the last two years. Last time I was "denied" was Feb, 2010... the reason given in my denial letter was simply, "Does not qualify for HAMP". I had called them a few times prior to receiving an official denial (after calling weekly for a year as advised my them & told "file's still under review, call back next week") and found that they never had the correct amounts for income & expenses, etc.
I need to do something w/ my current loan and considering re-applying. Current loan was a 3 yr adjustable (1st adjustment was Mar '09) the payment is totally affordable NOW. I am not asking them for a forebarance or principal reduction, just simply to convert from an ARM to 30 yr fixed so I don't have to guess what my mortgage payment will be the following year. We are currently in active 13 Bankruptcy, filed March 2009. We have never been late or missed a mortgage payment to Wells Fargo. We simply want to convert to a fixed loan, that simple.
Anyone have any advise as to how I can get this accomplished? Will Wells modify my loan while in Chapter 13 BK (with court approval of course)? Should I get some kind of approval from our Trustee first (If I even can) and provide that upfront with my modification request? Per my figures, we qualify for HAMP as our Mortgage, Taxes & Insurance exceed 31% of our income.
Any help & advise, or people I should be contacting would be greatly appreciated!
Thank you in advance,