JUST RECEIVED LETTER FROM WELLS FARGO......Please point me in the right direction

[Labragorcum]

Just received a letter from WF stating that "THIS LETTER IS FOR INFORMATIONAL PURPOSE ONLY. THIS IS NOT A DEMAND FOR PAYMENT".
The above loan file has been referred to our attorneys with instructions to begin the foreclosure proceedings.
You are hereby notified that, due to the default under the terms of the mortgage or deed of trust, the entire balance is due payable.
In the event you are experiencing an involuntary inability to pay and wish to explore an opportunity to reinstate, or need assistance in selling your property, please contact our offices and request to speak to on of our borrower Counseling Representatives.

WHAT DO I DO NOW???

When I learned my wife hadnt paid the mortgage for MONTHS about 7 months ago, I immediately got on the phone with WF to try and clear it up. They sent me modification papers on a Friday and I had them back on their desk that following Monday. They rejected me! When I stated why, they stated that the modification I was already applied for an was honored was defaulted 2 months after I received it.

I went directly to the top. I emailed all the executive board members. I DO NOT WHAT MY NEXT STEP IS??? Do I get an attorney at this point???

Please point me in the right direction here...I would greatly appreciate it!

Thank you

[Jeffrey L. Shurtliff]

That is an acceleration letter. You have not stated what state you are from. I am guessing it is nonjudicial. What State are you from?

[Labragorcum]

Sorry about that. I am from Long Island, NY

[Evan Bedard]

They rejected me! When I stated why, they stated that the modification I was already applied for an was honored was defaulted 2 months after I received it.

I went directly to the top. I emailed all the executive board members. I DO NOT WHAT MY NEXT STEP IS??? Do I get an attorney at this point???

What type of modification did you receive? Did you accept a modification and not make payments once it was complete?

[Jeffrey L. Shurtliff]

Here are some facts on foreclosure in New York state


- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 120 days
- Right of Redemption: No
- Deficiency Judgments Allowed: Yes
In New York , lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
Judicial Foreclosure
The judicial foreclosure process is one in which the lender must file a complaint against the borrower and obtain a decree of sale from a court having jurisdiction in the county where the property is located before foreclosure proceedings can begin. Generally, if the court finds the borrower in default, they will give them a set period of time to pay the delinquent amount, plus costs. If the borrower does not pay within the set period of time, the court will then order the property to be sold by the sheriff of the county or a referee.
Typically the foreclosure sale is advertised for 4 to 6 weeks. The sale is made by public auction to the highest bidder. Anyone may bid, including the lender.
After the property has been sold, the officer conducting the sale must execute a deed to the purchaser. The officer must also pay, out of the proceeds, the amount of the debt, including interest and costs, to the lender and then obtain a receipt for the payment from the lender.
Within thirty days after the completing the sale and executing the deed to the purchaser, the officer must file a report of sale, which must include the receipt from the lender, with the clerk of the court. Unless otherwise ordered by the court, the sale can't be confirmed until three months past the filing of the report of sale.
Non-Judicial Foreclosure
The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A "power of sale" clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee.
Although this type of foreclosure is permitted in New York, it is rarely used by lenders.

If you are served with a summons it will be a Judicial Foreclosure. If you are sent a Notice of DEfault with a Substitution of Trustee instrument it will be a non judicial sale.

[Labragorcum]

I believe two payments were made after the Hamp modification.

[Jeffrey L. Shurtliff]

Do you have a DEED OF TRUST with the Power of Sale in it?..............Jeffrey

[Labragorcum]

Not sure. I am guessing it would be with my mortgage paper work. If I do have it, what does that mean??

[Evan Bedard]

Do you know if it was a permanent HAMP modification or the trial period in which you only made two payments? The reason I asked is because if it was a permanent HAMP mod Wells Fargo may not allow you to reapply for another mod for 12 months after signing into the agreement. On the other hand if it was only a trial period you should be able to apply for another modification right away.

[Labragorcum]

It was permanent..... :-(

[Jeffrey L. Shurtliff]

Not sure. I am guessing it would be with my mortgage paper work. If I do have it, what does that mean??

If you have a Power of Sale Clause in your Deed of Trust then they will sell your property on the courthouse steps in about a 120 day to 130 day time frame. If you don't then they will serve you with a summons. Once they do take that to an attorney. Settle down and be calm as being stressed does not help. Believe me been through it.......Jeffrey

[Labragorcum]

So....should I reach out to them to as they have asked in regards to speaking with a borrower Counselor? Out of the $32,000 that I owe them I have been able to save up $16000 which in essence means I would need to come up with another $16,000 in a real short period of time to make this right...I am lost. Dont know what to do here.

[Labragorcum]

Is there life after a foreclosure??? I have four kids and quite honestly I am scared I might not make it out of this without having a coronary! :-\

[Jeffrey L. Shurtliff]

First off hide the 16,000 and continue to save more money. Do not let anyone know you have it. They will not take your money anyhow. Keep your money you will need it! Yes there is life and God does not close a door before opening a window.

[Labragorcum]

Can you elaborate a little on the "You'll need it" part..

[Jeffrey L. Shurtliff]

Emergencies, Rent moving anything in the future that is needed. Take my advice. Here is some reading of my story. I hope you will be given inspiration Crossing the delaware. Dont tread on me Many come to loan safe with fear. I tell them when fear comes a knocking go to the door with faith and nothing will be there.

[Labragorcum]

Do I reach out to their Borrower Counselors?

[Evan Bedard]

Jeffrey definitely has good advice. you can try reaching out to WF and one of their counselors to see if they could possibly review your account for another modification or if not maybe a forbearance period that will allow you to make 6-12 months of reduced payments (while foreclosure proceedings are on hold) until you are able to reapply for permanent assistance..

[Jeffrey L. Shurtliff]

You have an acceleration letter and they will not take anymore money from you unless they agree to a foreberance or a loan modification. Be advised from what you have told us they will foreclose and you must plan for that.

[Evan Bedard]

Yes that is very true, generally after 90 days of missed payments the lender is not going to accept any payment from the borrower unless it is for the entire past due amount along with any late/attorney fees you have acquired..

[Igor Sigalov]

Jeffrey, help me please!

maybe get some publicity on it so to show what's truly going on with Wells Fargo. This is a cry for help, my last hope. I have a house purchased in July of 2007 at the height of the market in Northridge, California. I’ve been working with Wells Fargo Home Mortgage for months now, they are non-responsive and when they do respond, it's usually to get more documents without any resolution. I am at the point where I cannot wait any longer, and I am tired of these games. If they would just say - we will not modify your loan, at least I'd know where I stand, but it feels like they are just dragging their feet and buying time while I am drowning!
I’ve been out of work due to injury of being hit by a drunk driver while on a sidewalk since May of 2010. That person is now serving 8 years in prison, but after multiple injuries, surgeries, my body took time to recover and I simply could not work. My benefits ran out three months ago. My wife left me and my ten year old daughter in this house we love so much and are trying to save. My 10 year old child went through a lot, seeing her dad get hurt in front of her, losing her mother, and if I have to move her out of this house, she will lose her school and her friends. Now summer is coming up, I cannot afford this payment and any daycare or camp for her so that I could look for a job. Right now it’s hopeless, but I know I can make it work with help from the bank! I will find a job and I will get back on my feet, but I need help now. I simply cannot make ends meet.

This property is at least $150,000 under water and my interest only payment of $3,336 a month with 7% interest is impossible for me to handle without a job. There is no way to refinance as I cannot come up with the huge down payment needed to get this house to its current market value. I did not qualify for unemployment mortgage assistance program offered by the government because my payment is too high!

Around me I see people getting assistance from their banks. My close friends have a mortgage with Bank of America and their interest was lowered from 6.5% to 3.8% on the loan simply by them calling the bank and making a request, and they purchased their home six month before I got mine. No paperwork, no meetings, as simple as a phone call.


My third attempt to work with Wells Fargo on loan modification started on March 14^th by attending a homeowner’s seminar held by Wells Fargo bank. I was promised help during the seminar, but nobody contacted me. I then found my way to a mortgage representative Delois Davis, and have submitted many different documents at her request as soon as I heard about the bank needing them. I still have not gotten any help, just requests for more information, and it’s been over three months. I started calling every day multiple times a day and got re-assigned to an executive department that handles complains (beats me what that means). Still no word, they keep promising help if I call and call, but nothing has happened so far. I am drowning; there is no way I can continue to pay this high payment, and I keep hoping something will come out of this process with Wells, but so far it’s been just promises. I contacted Wells Fargo's Home Mortgage Department VP and the CEO of the bank, still NO RESPONSE! I missed my June payment, for the first time in years I am behind on my mortgage!


Please please please help us stay at our home that we love so much! I am honestly telling you that I don't know what else to do but to ask someone to publicize this. Anything will help!


I beg you to please take this matter to heart and help us!

Sincerely,
Igor Sigalov
American Citizen

[Jeffrey L. Shurtliff]

Igor............ From what I understand, you are current except for missing June's Payment. This is the reason why the bank will not modify as you are current and not elegible for a modification. Despite the fact you have been injured and have no employment, you have kept up with the payment until now. Here is the problem you have tried and have failed with them and this is the way they look at this. You are a non performing loan and your home is $150,000 under water. This is bad for them to show this on the books. So they string you out and then foreclose and then the bad loan is off their books. I know this is not fair, but it is hard to prove the unconscionability of it. Fortunately in a case I have I have been able to prove it as I save everything.
Bottomline here is, I would not pay anymore payments and save your money and hide it from being detected. Wait for them to hold their hand out to modify; which they should do once you are a couple of payments behind. This is all you have here. Also with Wells always plan on foreclosure because unfortunately the odds of that happening are higher than you getting modified. During the time of waiting for them to respond to your deliquency; make up a great hardship letteras you will need it if you are going to attempt another request for modification. Understand though; you are dealing with a corporate citizen, that does not care about you problems.

[acesfull]

Hi All

Hi Labragorcum, NY has the longest time frame for foreclosure from start to finish. The current average time is 33-36 months.
Start saving your payments and study the rules of civil procedure for your state, answer the foreclosure complaint and wait to hear from the court.

Best regards

Nj-19 Months
Acesfull/HWP

[Labragorcum]

Acesfull - Thanks for the tip. I spoke to WF on Wednesday evening. I explained to them that I need help with the past payments missed and that I would really like to keep the house. They took my financial information over the phone "AGAIN" and said that they would get back to me. It is now Saturday and not a peep!
The thing I found strange was that they asked me if I have any money to give them now. Listening to the advice I have been getting on here, I told them I would have to get back to them on that. A friend of mine had a similar situation, laid out $5000 and they still tried to foreclose on him (HSBC) I have been "acting if" with mortgage payments since I found out that my wife wasnt paying mortgage. Been storing the mortgage payments in the bank ever since but havent forked over a dime at this point. So I know I can come up with half of the missing payments, not all and thats the portion I need help with! Hopefully they will reconsider my plea but I am not to confident since I received the acceleration letter. Oh well, all I can do is try..."AGAIN"!
I will definitely check out the civil procedures for NYS as you stated.
Thanks again Acesfgull!

[Labragorcum]

Found this to be an interesting read....
http://digitalcommons.pace.edu/cgi/viewcontent.cgi?article=1539&context=plr&sei-redir=1&referer=http%3A%2F%2Fwww.google.com%2Furl% 3Fsa%3Dt%26rct%3Dj%26q%3Dmortgages%2520and%2520mor tgage%2520foreclosure%2520in%2520new%2520york%26so urce%3Dweb%26cd%3D5%26sqi%3D2%26ved%3D0CLcBEBYwBA% 26url%3Dhttp%253A%252F%252Fdigitalcommons.pace.edu %252Fcgi%252Fviewcontent.cgi%253Farticle%253D1539% 2526context%253Dplr%26ei%3DRHzcT-SCEoKg6QH_rNW2Cw%26usg%3DAFQjCNF8T4hCoCRAygjy5TWVM IU6yA4HGA#search=%22mortgages%20mortgage%20foreclo sure%20new%20york%22

[stillhoping]

Igor,

I'm in Sherman Oaks, and completely feel for you. Beware, I went through a 15 month process with Wells Fargo trying to get my loan modified. I had been put on two, 3 month trial mods, only to be rejected in the end. It took 14 months of a ton of research on my own, to find out that my mortgage was part of a Mortgage Backed Security pool; that had an origination contract that specifically states that loans in the FMBS 2006-10, could not have the principal or interest rate modified. Finally we settled with the same payment, principal & interest, and was able to tack our late months on the end of the loan. Mentally I was exhausted. I despise Wells Fargo for all the hoops they put us through, but in the end, their hands were tied.....

My advise: Contact Wells Fargo executive offices (you can google the info.), I believe they're in Des Moines, IA. Fax them a letter with a complaint. They'll assign someone to your case quickly and you will get answers much quicker; and much less run around. Whether or not you get help will depend mostly on your investor. (In my case WF is the investor - but it's a mortgage backed security, which tend to be the toughest nuts to crack.)

Best of luck! Remember, home is where your heart is..... the house is just wood and nails.... (Besides, we're due for another big earthquake, so these banks will really have a mess on their hands then. . Stay strong!

[imsocalresident]

how do we find out wf is servicer or own the mortgage?

Igor,

I'm in Sherman Oaks, and completely feel for you. Beware, I went through a 15 month process with Wells Fargo trying to get my loan modified. I had been put on two, 3 month trial mods, only to be rejected in the end. It took 14 months of a ton of research on my own, to find out that my mortgage was part of a Mortgage Backed Security pool; that had an origination contract that specifically states that loans in the FMBS 2006-10, could not have the principal or interest rate modified. Finally we settled with the same payment, principal & interest, and was able to tack our late months on the end of the loan. Mentally I was exhausted. I despise Wells Fargo for all the hoops they put us through, but in the end, their hands were tied.....

My advise: Contact Wells Fargo executive offices (you can google the info.), I believe they're in Des Moines, IA. Fax them a letter with a complaint. They'll assign someone to your case quickly and you will get answers much quicker; and much less run around. Whether or not you get help will depend mostly on your investor. (In my case WF is the investor - but it's a mortgage backed security, which tend to be the toughest nuts to crack.)

Best of luck! Remember, home is where your heart is..... the house is just wood and nails.... (Besides, we're due for another big earthquake, so these banks will really have a mess on their hands then. . Stay strong!

[stillhoping]

After asking several reps, I believe I went back to my original paper work and found the trustee listed as Wells Fargo. However, they continued to keep that from me and continue to say "the investor on your loan" (like the great Oz himself in an ivory tower). The several times I was denied throughout my 15 month process, Wells would put me through all the steps, take phone calls, gather paper work, wait, resend paper work, wait some more, then go on a 3 month trial....each ending in "sorry you don't qualify, your investor is not participating". I was going nuts. "Wells Fargo is my investor", I would tell them, and they would give some vague response.

Why wasn't my investor participating, if Wells Fargo is the investor and all the news media and government websites say Wells is participating? Why would they put me through all these steps only tell me my investor wasn't participating? I was under the impression that they were gathering this information and going in to the "investor/head of WF" and getting a stamp of approval or a denial. What was the magic equation for the financials that I needed for an approval? I spent the better part of the first year chasing my tail with this mind-set and they just watched on the sidelines, never fully disclosing the reasons.

At some point, I began searching on my own. Loansafe was extremely helpful!

This is what I learned: If you make your payments to Wells Fargo, they service you loan. To find out the investor, can be a little more tricky. First try google searching your loan number and see what links come up. (I know, seems to elementary, but funny enough, there's info out there!) It's kind-of like reading another language, looking for words you recognize, so really pick through the different sites that come up.

I noticed on one of the links, my loan was connected to WFMBS 2006-10 (a Wells Fargo Mortgage Backed Security); so I read about MBS's to find out what that meant. I confirmed what MBS my loan was pooled into 2006-10 by going into CTSLink which has all the WF documents, (but also takes quite a bit of time to figure out). On the ctslink it clearly showed my loan number, loan amount and terms. (Now keep in mind, I was delinquent by then, so that is why my loan was on the investor reporting financials.) In the ctslink, you can also see what mods they have performed for your investor.

With my loan, I also began googling the MBS, and came to another helpful website, called SEC Info - the best EDGAR online database of Securities and Exchange Commission filings & IPOs - on this website, I was also able to once again confirm and find my loan with the MBS listed, but more importantly I was able to read all the legal originating contracts when they pooled the loans together and sold them. Again, it takes a lot of digging, but I found the legal clause that specified what Wells (the servicer) could or could not do in the event of a default borrower - which specifically prohibited any permanent modification to the principal or interest rate.

I spent the better part of the year chasing my tail, when Wells could have easily stopped me on my first call and explained my situation was helpless by explaining the mortgage backed securities pool and the restrictions attached to the MBS. They could have/should have told me that my financials or story didn't matter....permanent mods were not an option; however, temporary mods were okay, and asked if I wanted to proceed to get temporary relief. They could have saved us both 15 months of frustration, but they didn't. Instead, they hold back information and lead the borrower to believe there's hope....when sometimes (like in my situation), there's not.

Lessons learned. Find out what they aren't going to tell you. Find out about your investor and your loan type. Find out if your investor has approved other modifications (the ctslink should have that info). If you find other modifications performed under your investor, you have a chance and it will depend on your specific situation. Always call the executive offices, and skip the general helpline all together. When they assign a rep/"specialist", google the person. (I found out my "executive specialists" was a 22 year old that enjoyed posting on Myspace in her spare time!) Lastly, try to keep a sense of humor, and remember the house is not your life...

I am now trying to get a short pay off, as I have been pre-approved for a FHA refinance with another lender, but one of the requirements is that WF will have to write off 10% of the principal. Again, I am hearing "we'll have to see if your investor will participate". Again, I am digging in the secinfo website, trying to find something that might prohibit WF for accepting a short pay-off; before they have me chasing my tail.

Hope this story helps!

[avvojin]

Stillhoping, I feel blessed to read through your experience and I'm sorry if I am hijacking this thread.. I too is stuck with Mortgage backed security owned by Wells Fargo and cannot afford the recent increase( from $2500/mos to >>$4200/mos) and started stopping my payments. I got denied in my loan modification and were told about that my investor cannot do permanent modification due to it being mortgage backed security loan. Thanks for explaining and giving insights about your experience. I will try to look into my specific loan and do research on the websites you mentioned/suggested.

In the meantime, you mentioned "I have been pre-approved for a FHA refinance with another lender". I'm also interested with this approach of refinancing if I can qualify. Would you care sharing some thoughts on how this can be done? I'm really desperate to keep our home even if it does not make financial bus sense and will try everything possible. Thanks in advance...

-jin

[stillhoping]

jin - I am sorry. I read an article yesterday about Wells Fargo that stated 90% of their loans are MBS, so know wander so many are having trouble! Definitely try to find what MBS you are in and see if you can find any modifications. When I went back recently, I found several temporary mods for my MBS....typically low the first year and gradually increasing over a period of 4-5 years. (That might be the most you can wish for.)

As for the FHA refinance, I believe you have to be current with no missed payments for 12 months. (Double check, as the gov. is always changing these rules to try to expand the program; so it might be 6 months by now.) And keep in mind, even though I've been approved (through another lender), Wells Fargo may not reduce the principal; even though it would get us both out of this dreadful loan.

Lastly, I know there was some sort of lawsuit/settlement with Wells Fargo in the spring (I think March), that is mentioned on another thread (just search Wells Fargo threads). You may be one of the lucky ones included. Search for the thread and if you are going nowhere with Wells, you might want to try and call and ask. (One of the threads has the number.) I haven't looked into it myself, because I am quite discouraged with Wells Fargo, but that will be my next/last step if I can't refinance. I believe in the settlement Wells agreed to lower the interest rates of a particular group of loans that are non-FHA, Fannie or Freddie (could be our loans) to current rates; but again, you'll want to google and read all about the lawsuit before contacting them, so you understand it fully.

Best of luck.....

[avvojin]

thanks again for a lot of info Stillhoping... But how did you get approved of a FHA refinance from another lender? Please help me from here and tell me any contact/website I can dig through. Which lender is doing this refinancing option? I'm still officially current until after end of the month(if I do not send any payment before end of this month) so I do have some hope here.. As always,
I appreciate any help from your end..

-jin

[stillhoping]

I can't recommend the lender that approved me because he usually does not work with borrowers directly. However, I found him by going on the fha.gov website and poking around and calling different FHA approved lenders. I spoke to 4 different lenders, 3 of which were willing to approve me for a regular FHA loan, however value was an issue. FHA guidelines will refinance ninety seven. five percent of the value (and we are underwater). So after talking with one of the lenders extensively, he suggested trying for a FHA HUD 2010-23 loan, which requires your current lender to reduce the principal by at least ten percent. (I don't think lenders are walking around advertising this program; probably because many "current lenders" will not approve the reduction) Again, I don't have a lot of faith that Wells will go for it either; but I am trying.
What state are you in? Do you know what the current FHA loan limit is in your state? Most conforming loans were reduced last fall from 729,950 to 625,500; this was also the case in CA where we are. However, FHA has temporarily increased the limit in certain metropolitan areas. (For example: they raised it back to 729,950 in Los Angeles, where we live, until Dec. 2013.) So you need to know the FHA loan limit in your county (again another google search and you can find it). Then you'll need to know the approx. value of you home. If you fit into the loan limit, and value limit, then start calling different lenders that offer FHA refinancing. Once you get someone working with you, that you feel good about, ask about the FHA HUD 2010-23, and see if they'll approve you. If so, write Wells Fargo executive offices.
My letter explained our hardship that began in 2009, the 15 month ordeal that I went through trying to get a modification, and was left with the same payment/loan as before. I explained that we've been current for the past two years, but only interest only, which we were able to do because we were dipping into our reserves every month. I then mentioned that our reserves are near the end, and we are once again faced with an unattainable mortgage; but have been approved for this FHA HUD refinance with another lender if they would reduce the principal; allowing us to keep our home, while providing minimal loss to Wells Fargo.
Again, I have no idea if Wells will go for our proposal. While it seems to be a great alternative to short sale or foreclosure, Wells seems to have their own agenda with these loans. But we'll see. When I hear back from them, I will be sure to update this thread.
Good luck.

[avvojin]

hey Stillhoping, thanks a lot for sharing this. I'm from CA and I checked santa clara county and it seems limit is 729,750. I highly appreciate this and I wish you best of luck in getting approval from Wells Fargo. This info gave me insights on what needs to be done. Will do a lot of reading first and will start from there. I will for sure keep you and everyone from loan safe informed... Take care...

-jin

[stillhoping]

Wells called yesterday and gave us the oh so familiar, "I'm sorry the short-pay off is not an option....". The rep offered to take our financials and see what other options are available, which I declined. (We've been down that road a thousand times....and I am not about to waste anymore of my time dealing with them.)

I don't know what options are left; walking away certainly gets more realistic as time goes by....

[trying to stay here]

I've been up all night and reading this site. Just joined. that one quote finally settled my nerves. I got that same letter from WFHM yesterday

[trying to stay here]

so what is new jersey's from the date of acceleration letter

[Cat Damiano]

Hi trying,


I posted some information that may be able to help you in your thread here;

http://www.loansafe.org/forum/unite-...ellsfargo.html

[Labragorcum]

So I get my acceleration letter from WF and I then receive a "WORKSHOP" letter in the mail 3 days later telling me I should attend as they want to help. Here is what transpired at my "WORKSHOP MEETING"!.......
I meet with a woman by the name of Toni Dove. Promises me the world and tells me that there is a way for us to keep the house. So she starts presenting all these different options. At this point I feel that there is hope! She says to me, "The bank DOES NOT want your house! Go home and get a good night sleep because we may be able to make this work". So what do I do? I listen to her! Worse advice I ever listened to.

I get a call from a women named Lesley today. Now I am thinking "WOW! This is great, they are getting back to me with some good news"! I could not have been any more wrong!

First she states that my representative (Point of Contact) has quit and that my new rep is in training. She then states to me that after reviewing our files that the payments would go up and that the only options we have right now are;
1 - Let the house go into foreclosure
2 - A Liquidation option (Hand deed over to bank)
3 - Short Sale
4 - Pay the money which is owed (Not including Attorney fees)

I completely wash my hands to the entire deal! I DO NOT KNOW WHAT ELSE TO DO!!!!!! So much for "Wanting to help me"!!!

Any (GOOD) advice out there for me?

I live on Long Island, NY

Thanks.

PS. DONT waste your time on the workshops...they mean absolutely NOTHING!!!!!!

[Jeffrey L. Shurtliff]

So I get my acceleration letter from WF and I then receive a "WORKSHOP" letter in the mail 3 days later telling me I should attend as they want to help. Here is what transpired at my "WORKSHOP MEETING"!.......
I meet with a woman by the name of Toni Dove. Promises me the world and tells me that there is a way for us to keep the house. So she starts presenting all these different options. At this point I feel that there is hope! She says to me, "The bank DOES NOT want your house! Go home and get a good night sleep because we may be able to make this work". So what do I do? I listen to her! Worse advice I ever listened to.

I get a call from a women named Lesley today. Now I am thinking "WOW! This is great, they are getting back to me with some good news"! I could not have been any more wrong!

First she states that my representative (Point of Contact) has quit and that my new rep is in training. She then states to me that after reviewing our files that the payments would go up and that the only options we have right now are;
1 - Let the house go into foreclosure
2 - A Liquidation option (Hand deed over to bank)
3 - Short Sale
4 - Pay the money which is owed (Not including Attorney fees)

I completely wash my hands to the entire deal! I DO NOT KNOW WHAT ELSE TO DO!!!!!! So much for "Wanting to help me"!!!

Any (GOOD) advice out there for me?

I live on Long Island, NY

Thanks.

PS. DONT waste your time on the workshops...they mean absolutely NOTHING!!!!!!

I feel your pain. Never was offered a workshop but was offered a trial mod with this bank. I paid 7 payments on the modification and was supposed to be modified in three months. It went on and on and I called twice a week and they said I was still on the program, the day before I got my letter of acceleration.