Question: I have lost my job and we only have one income from my wife. We applied for Loan Modification with Wells Fargo. They put us on a trail period for 3 months before they would consider anything else. The trail period payment is higher than the regular mortgage payment. Why would this be the case? If I can't afford to pay my normal payment, why would they increase my trail period payment by another $350 on top of my mortgage?

Answers

Posted By: LoanModMan on Jan 03, 2010 07:32AM

A: ou need to cut through the baloney and get in touch with the Wells Fargo Office of the President. That number is 1-800-853-8516. Here you can get one single person who will take control of your file and answer your questions. Reagards, Dan Harris http://www.LoanModBook.com

Posted By: loanmodpro on Dec 30, 2009 01:16PM

A: I am not sure what has happened here. It is pretty odd to me as well. Did they call this a "loan modification" trial period? Did you ever get any paperwork from them explaining this so-called trial period?