I have been trying to get a loan modification from Wells Fargo for a year now. They keep denying me, but cannot tell me why and never send me any paperwork to make things official. I told them I would put the property on the market, but they are saying I will be responsible for the remainder of the loan. My mortgage is 158,000, but is underwater for 79,000. Right now. Does anyone know of any programs or things that I can do? Any advice would be appreciated because I am so stressed about this place it is making me sick. F*** being an homeowner it is not my American dream anymore! LOL

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It's a pain in the azz

AllyNWonderland said:

Y'all are scaring me cause ive just officially started the home buying process....jeez

not being funny but you're screwed..When I got hurt at the gig the ex didnt do her thing by paying the bills.tried to modify and was going to but they kept me in the ringer for 2-3 yrs. After them dicking me around i said eff it n short sold it. Basically banks are gonna screw you so dont worry

my new place im buying straight cash.i'll never have a mortgage again. My friend owns hundreds of properties and he pays cash for every last one. he's teaching how to get that early

Awww Blackfu these are the nicest words you have ever said to me J But yeah, that is how I feel, LOL. I am not taking their automatic add the payment to the back end modification without any paperwork. I really think they are trying to do some sheisty s*** to me. Like where is my paperwork and the new term to my loan. So I am going to just talk to the finance dept and have them put me on a payment plan to pay off the 3,000. I owe. I think they keep looking at my age and race and just assume i am a dummy, but this not proper procedure! I also spoke to a program called Operation Hope that said they will try and help me figure out what they can do.

 So once you did the short sale, were you responsible for the remaining amount of the loan?

blackfujones said:

my new place im buying straight cash.i'll never have a mortgage again. My friend owns hundreds of properties and he pays cash for every last one. he's teaching how to get that early

nope..made the ex -wife pay it for not suing her for the money she stole.

Ms. BoiBye said:

Awww Blackfu these are the nicest words you have ever said to me J But yeah, that is how I feel, LOL. I am not taking their automatic add the payment to the back end modification without any paperwork. I really think they are trying to do some sheisty s*** to me. Like where is my paperwork and the new term to my loan. So I am going to just talk to the finance dept and have them put me on a payment plan to pay off the 3,000. I owe. I think they keep looking at my age and race and just assume i am a dummy, but this not proper procedure! I also spoke to a program called Operation Hope that said they will try and help me figure out what they can do.

 So once you did the short sale, were you responsible for the remaining amount of the loan?

blackfujones said:

my new place im buying straight cash.i'll never have a mortgage again. My friend owns hundreds of properties and he pays cash for every last one. he's teaching how to get that early

pending on hwere i live.if i cant pay cash for a place ill rent for the rest of my life.seems like owning a home is a liability

I feel you on that one. It is alway something breaking or needing to upgraded. So I am constantly putting money into something that is not really an investment. I think i may see if I can rent to section 8, but don't want my neighboors to hate me like we do the section 8 tentant we have in the bldg now.

blackfujones said:

pending on hwere i live.if i cant pay cash for a place ill rent for the rest of my life.seems like owning a home is a liability

Damn yall hate Wells don't yall...lol. I'm kinda afraid to say I used to be a loan modifier for them; I worked there 2 years, and just recently quit within past 6 mos, so I am up on ish... Is your loan a conventional or fha loan, also do u know who ur investor is ms.boibye?? From there, I can may be able to give u some guidance. They are not a bad company yall... It's just that we have strict guidelines to go by per govt discresion (sp)??

foreclosing works !! Its not a good thing for your credit but it works! It gets their attention.

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