no. I have not approached them. I was waiting out my 10 yr int only term and planned to seek a Mod after it expires. My plan was to seek your services once it expires, and hire you to help get the Modhave you asked them if they allow 40 year term amortization on your particular loan?
we know that citi does allow 40 year terms on some of their own loans, it makes them more in future interest payments as well.
I had reached out to Wells Fargo for help as I knew I was going to fall behind due to a loss of income. They sent me loan mod packets for which I returned, they denied me then sent me another loan mod packet for which I returned as well to be denied again. After I complained they admitted that they never had any intent to assist me they basically strung us along and put us further in arrears for appx 18 months now. They are not following Mass Laws (chapter 244 &35A) They are lying, deceiving and stringing me along and need to be held accountable for their unfair practices. They need to start using the bailout money they got to assist the distressed Homeowners like the money was intended for. PLEASE HELP
hi candle1 - you can check with the bk court file at the court or your copy of the file from the bk attorney to see if a re-affirmation agreement is in the case file to see if you re-affirmed the debt.Hi Michael, I think we do not want to go through the stress anymore. at this point I just want to make sure that I will not be personally liable if I did a short sale. My BK lawyer advised me to ask the lawyers that handles my loan mod after the discharge if the loan was reaffirmed. Why wouldn't he know? My real estate law group who handled my loan mod advised me to ask my BK lawyer. I guess I'll never get them to give me a straight answer. Is there a way to check myself? Will I be able to know by looking at my credit hisoty? My aunt gave me a property profile which says Notice of Rescision in Sep 2012, that's when the loan mod started.
Also another thing, if my loan was indeed discharged, does that mean the bank will initiate foreclosure right away? Their loan rep said that foreclosure starts when the 4th pmt is not received, but I dont even know if he knows the history of my loan.
hi Gail when i saw this post, i emailed you with three items below to try to see if we can help resolve this nonsense with wells fargo.I was just told by the Attorney Generals Office that they wont help me with Wells Fargo. This is insane that they can do this to people. Does anyone know who I can report my Attorney General to?
Thank YOUblessed526 - NACA has been definitely helpful to many loansafe users and some have had bad experiences.
alternatively, you can try googling the term "foreclosure avoidance counseling HUD" and it will lead to a HUD counselor near you to help you with the loan modification.
a competent chapter 13 bankruptcy attorney recommended by the state or county Bar association can also help you out as well on a loan modification.
Also having trouble on how to post. Was approved with KYHC for a Principle Reduction but Wells Fargo will not approve it for lowering my payments only for reducing years on loan. Totally confused.