Comments on: Wells Fargo Loan Modification Process http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/ The Complete Loan Modification Guide Sun, 20 May 2012 02:11:00 +0000 hourly 1 http://wordpress.org/?v=3.0 By: admin http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/#comment-4784 admin Sun, 23 Oct 2011 19:11:31 +0000 http://myloanmodificationcenter.com/blog/?p=150#comment-4784 Getting approved for a <strong>Wells Fargo loan modification</strong> is a challenge-no doubt about it-this bank is one of the toughest to deal with. However, remember that the underwriting process for loan mod approval is really all about MATH-your financial information as provided on the application is used in a standard mathematical formula to determine if you fit or not. This means that the monthly income, monthly expenses and assets that YOU write down and send in for review must be acceptable and meet the approval guidelines under this formula. If you don't know what the figures are supposed to be, then you don't have much of a chance of getting it right! The real secret is know ahead of time just how much income and expenses to list on your financial worksheet-this is where using the <a href="http://www.myloanmodificationcenter.com" rel="nofollow">loan modification calculator</a> can give you a BIG advantage! This tool was designed specifically for homeowners and will instantly compute and display your own specific requirements for monthly income, monthly expenses and show you the very best loan mod you may qualify for. If you don't know what the bank needs to see then you are just guessing, use the loan mod calculator so that you will know ahead of time how to fight back and have a good chance for <a href="http://www.myloanmodificationcenter.com" rel="nofollow">Wells Fargo loan modification</a> approval. Getting approved for a Wells Fargo loan modification is a challenge-no doubt about it-this bank is one of the toughest to deal with. However, remember that the underwriting process for loan mod approval is really all about MATH-your financial information as provided on the application is used in a standard mathematical formula to determine if you fit or not. This means that the monthly income, monthly expenses and assets that YOU write down and send in for review must be acceptable and meet the approval guidelines under this formula. If you don’t know what the figures are supposed to be, then you don’t have much of a chance of getting it right! The real secret is know ahead of time just how much income and expenses to list on your financial worksheet-this is where using the loan modification calculator can give you a BIG advantage! This tool was designed specifically for homeowners and will instantly compute and display your own specific requirements for monthly income, monthly expenses and show you the very best loan mod you may qualify for. If you don’t know what the bank needs to see then you are just guessing, use the loan mod calculator so that you will know ahead of time how to fight back and have a good chance for Wells Fargo loan modification approval.

]]> By: Barbara E http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/#comment-4749 Barbara E Tue, 18 Oct 2011 19:51:07 +0000 http://myloanmodificationcenter.com/blog/?p=150#comment-4749 These people have the same story as I. Though, I am 100% American...American Indian, American BRAT, and my spouse was a Veteran, I am as American as the days are long....still I do the Wells Fargo Circle chase. It has nothing to do with race, color, religion. It has everything to do with big bank collecting big money to be in a so called system of helping Americans under the Home Affordability Program - meanwhile collecting our homes that they foreclose on and profiting on when they kick us out of and collect the bail out money from our taxes. Money is the incentive to circle jerk the homeowners/customers of this bank. The biggest problem, I didn't even apply to have my mortgage with Wells Fargo. I used my hometown bank that got scooped up by Wells Fargo....big loss for the customers they gained. Another joke is the process is to take 90 days, for me that was 2 years ago, and the worse nightmare of my life. Shortly, now I will find out if I am indeed homeless and my life savings and retirement was used making payments to a bank who sent all my money to pay for the legal fees to foreclose on my house. No modification, no customer service, no reduced payment, no sympathy that my four children and I are headed to live in the streets. Even though I have a job, salary reduced, but have a job and once upon a time (before housing market crashed) I even had 6 figure equity in my home. Now nodda. But, perhaps through my appeal and a lawyer in charge, Wells Fargo will do what they are to do by law and give me the modification I qualified for two years ago....after I lost my husband. Compounding my hardship like so many others with the paper chase, forms, submittal after submittal Wells Fargo anounces profits because $800 million that the bank had IN RESERVES for the home affordability plan is no longer needed. Why? Because they foreclosed on the homes and now they'll write off the debt to reduce their taxes then sell the homes for profits. Why under their terms, it's too late, not the right forms, can't find the form, oh so sorry your processor is no longer with us ( I had 5 different ones) each one starting over, and over, and over, and over again....clock was ticking...and I am not needed anymore as their customer- the customer who needs help. Why isn't that money that is no longer needed moving back into reserves to help another customer when so many are still in need? What - that's correct - no accountability is required by the bank. Have you heard or read of any "news" as to the amount of homeowners who were saved, reduced, modified, forgiven....nope? Me either. There is no place to send a complaint. The complaint department is an unanswered loop just like their home affordability modification/loss mitigation department. I know of no one whom Wells Fargo has helped. But here in my hometown, Chase, Bank of America, Citibank all have modified loans for friends, neighbors and relatives. Good luck WELLS FARGO CUSTOMERS....Good luck. These people have the same story as I. Though, I am 100% American…American Indian, American BRAT, and my spouse was a Veteran, I am as American as the days are long….still I do the Wells Fargo Circle chase. It has nothing to do with race, color, religion. It has everything to do with big bank collecting big money to be in a so called system of helping Americans under the Home Affordability Program – meanwhile collecting our homes that they foreclose on and profiting on when they kick us out of and collect the bail out money from our taxes. Money is the incentive to circle jerk the homeowners/customers of this bank. The biggest problem, I didn’t even apply to have my mortgage with Wells Fargo. I used my hometown bank that got scooped up by Wells Fargo….big loss for the customers they gained. Another joke is the process is to take 90 days, for me that was 2 years ago, and the worse nightmare of my life.
Shortly, now I will find out if I am indeed homeless and my life savings and retirement was used making payments to a bank who sent all my money to pay for the legal fees to foreclose on my house. No modification, no customer service, no reduced payment, no sympathy that my four children and I are headed to live in the streets. Even though I have a job, salary reduced, but have a job and once upon a time (before housing market crashed) I even had 6 figure equity in my home. Now nodda. But, perhaps through my appeal and a lawyer in charge, Wells Fargo will do what they are to do by law and give me the modification I qualified for two years ago….after I lost my husband.

Compounding my hardship like so many others with the paper chase, forms, submittal after submittal Wells Fargo anounces profits because $800 million that the bank had IN RESERVES for the home affordability plan is no longer needed. Why? Because they foreclosed on the homes and now they’ll write off the debt to reduce their taxes then sell the homes for profits. Why under their terms, it’s too late, not the right forms, can’t find the form, oh so sorry your processor is no longer with us ( I had 5 different ones) each one starting over, and over, and over, and over again….clock was ticking…and I am not needed anymore as their customer- the customer who needs help. Why isn’t that money that is no longer needed moving back into reserves to help another customer when so many are still in need? What – that’s correct – no accountability is required by the bank. Have you heard or read of any “news” as to the amount of homeowners who were saved, reduced, modified, forgiven….nope? Me either.

There is no place to send a complaint. The complaint department is an unanswered loop just like their home affordability modification/loss mitigation department. I know of no one whom Wells Fargo has helped. But here in my hometown, Chase, Bank of America, Citibank all have modified loans for friends, neighbors and relatives.

Good luck WELLS FARGO CUSTOMERS….Good luck.

]]> By: Sharon Height http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/#comment-3848 Sharon Height Thu, 16 Jun 2011 11:04:30 +0000 http://myloanmodificationcenter.com/blog/?p=150#comment-3848 Ricardo is absolutely right. Wells Fargo will have your running around in circles trying to complete the modification process and then only to find out that you are denied. They continue to ask for the same documents that you have already submitted and there is no continuity of information. The worst mistake I have ever made was getting a loan with Wachovia/Wells Fargo. The Loan Modification program is a joke. Ricardo is absolutely right. Wells Fargo will have your running around in circles trying to complete the modification process and then only to find out that you are denied. They continue to ask for the same documents that you have already submitted and there is no continuity of information. The worst mistake I have ever made was getting a loan with Wachovia/Wells Fargo. The Loan Modification program is a joke.

]]> By: Ricardo Alameda http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/#comment-3811 Ricardo Alameda Fri, 20 May 2011 16:26:04 +0000 http://myloanmodificationcenter.com/blog/?p=150#comment-3811 Wells Fargo bank does not help borrowers in the loan modification program. You have to submit documents over and over and you do not get an answer to your request. Wells Fargo bank makes this process very difficult; no wonder borrowers give up and prefer to lose their homes to foreclosure. If you are Latino is even worst, they do not trust the information reported in your income tax return, you have to provide separate documents to prove that you are telling the truth. I think the government made a big mistake giving banks taxpayer money to enforce this program. I would like to file a complaint, please let me know the address where I can forward my letter. Wells Fargo bank does not help borrowers in the loan modification program. You have to submit documents over and over and you do not get an answer to your request. Wells Fargo bank makes this process very difficult; no wonder borrowers give up and prefer to lose their homes to foreclosure. If you are Latino is even worst, they do not trust the information reported in your income tax return, you have to provide separate documents to prove that you are telling the truth. I think the government made a big mistake giving banks taxpayer money to enforce this program. I would like to file a complaint, please let me know the address where I can forward my letter.

]]> By: Lee Regal http://myloanmodificationcenter.com/blog/wells-fargo-loan-modification-process/#comment-3478 Lee Regal Mon, 28 Feb 2011 18:35:39 +0000 http://myloanmodificationcenter.com/blog/?p=150#comment-3478 I am looking to discuss the Obama loan modification program with an officer. My telephone number is 978-443-7029. I am looking to discuss the Obama loan modification program with an officer. My telephone number is 978-443-7029.

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