Yes, WF only holds our home equity loan. We have not put our house up for sale, never have, we've lived here 22 years and don't intend to put it up for sale. BoA has our first mortgage. We went thru modification hell with them for years.... they gave us the runaround for 3 years, put us on a forbearance then modified us, then denied us, then modified us down to a 2% rate, then told us because we were making our payments it was clear we no longer had a hardship and therefore denied a modification, then sent us modification paperwork a year later which had to be notarized (so we did) and they returned a set back to us, then sent us a series of letters saying to disregard any modification paperwork and to continue to make our payments as we have been. ugh. So as directed by BoA, we continue to send the lowered payments with the 2% interest rate (from the "first" modification that they told us to ignore).... and they're happy. Our house is worth less than we owe on it, WF can go jump in a lake. Honestly, do we care what WF thinks happened with our house if we have a letter saying they don't intend to ever pursue us for the debt? BUT one thing irks us, WF used to send us copies of their privacy notice via Fed Ex but a letter absolving us of our debt to them comes in a flimsy little window envelope. Where's the fanfare, lol... Something seems fishy about the whole deal so we are not turning our backs on them but we are not contacting them about it either. We were curious if anyone else had this happen with them. Thank you for this site, for the advice - we so appreciate you and everyone who contributes their story, their time and their expertise.Hey Beachy,
It definitely sounds like one department has no idea what the others are doing.. This letter was only for your 2nd mortgage correct? What is the current status of your 1st mortgage?