wachovia loan modification: Wachovia Finally Announces It's Ready to Offer Obama Loan Modification Plan-Now's The Time to Apply! - 10/27/09 10:20 AM
This just in! Wachovia finally launches the Obama Home Affordable Modification Plan! All of you Wachovia loan modification applicants can finally get a break and see some headway on your application. Just when you were about to give up the lender announced that it has implemented Obama's Home Affordable Modification Plan effective October 17, 2009. I know-the program has been out since March-but for some unknown reason Wachovia has been behind the curve in getting their system up and running. What does this mean to you? Now is the time to prepare your financial statements and gather all of your documents … (2 comments)
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wachovia loan modification: Wachovia Mortgage Loan Modification Request-How to Get Started & Get Help - 10/04/09 03:20 PM
Struggling homeowners who are facing a financial hardship situation should contact Wachovia and submit a mortgage loan modification request. The federal government is offering help to borrowers who can no longer afford their home loan and are at risk of default. But, with close to 5 million homeowners seeking assistance, you need some basic knowledge about what it takes to apply and qualify if you hope to get results quickly. Here are the basics that will help you work directly with your bank to get the help you need and deserve.
The first step in a Wachovia mortgage loan modification request … (5 comments)
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wachovia loan modification: Wachovia Loan Modification Streamlined with Obama's Federal Plan - 07/20/09 02:47 PM
Borrowers stuck with an option arm or other unaffordable mortgage may now apply to Wachovia for a loan modification and find out if they are qualified for a streamlined approval. The federal plan introduced by President Obama is designed to cut through the red tape and lengthy delays that most homeowners have faced. Here is some helpful information on how to apply and qualify for this plan.
Ask any homeowner, and they will probably tell you how difficult a Wachovia loan modification has been to get approved for. That is finally changing as the bank is now authorized to use the streamlined … (0 comments)
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wachovia loan modification: Wachovia Loan Modification Eligibility and Verification - 05/29/09 11:36 AM
Trying to figure out if you are eligible for a Wachovia loan modification and what information will have to be provided? Homeowners stuck in an unaffordable loan and facing financial hardship may be qualified for assistance under the Treasury Departments aggressive loan workout plan, called Home Affordable Modification. Here is some helpful information to determine if you may be eligible.
Wachovia is approved to offer qualified borrowers a loan workout using the standardized terms of President Obama's plan. If you can answer yes to these questions, you could be a good candidate for help.
Was your loan originated before January 1, … (0 comments)
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wachovia loan modification: Wachovia Loan Modification-Learn the Insider Fast Track to Approval - 03/30/09 02:25 PM
Maybe you are frustrated because of difficulties with applying for a Wachovia loan modification. The lender has been pretty uncooperative with homeowners asking for a mortgage modification to lower their payment. But now with the Obama federal loan workout plans, Wachovia will actually be paid to offer a loan modification-that makes a big difference. So if you need to get a lower mortgage payment, here is some Insider Fast Track information that can help you apply and qualify.
Even if you have already been declined or are in the process for a Wachovia loan modification, you can request to be considered … (0 comments)
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wachovia loan modification: Wachovia Loan Modification Available Now announces Wells Fargo Bank - 01/27/09 02:57 PM
An announcement today gives 478,000 distressed borrowers access to a Wachovia loan modification that will offer to modify the terms of homeowners facing payment difficulties. Wells Fargo Bank acquired Wachovia last year, and the deal was finalized December 31, 2008. Up until now, struggling homeowners stuck with high adjustable rate home loans were not given much hope of assistance when they contacted Wachovia about a loan workout. Here is some helpful information for interested homeowners:
The Wachovia loan modification program will offer:
Longer loan terms up to 40 years Reduced interest rates and elimination of negative amortization features Principal forbearance where … (2 comments)
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wachovia loan modification: Wachovia Loan Modification-Borrowers May Start Getting Help Now - 01/03/09 01:51 PM
A Wachovia loan modification has been extremely difficult to get for the thousands of borrowers stuck with those unaffordable and risky Pay Option ARM loans. Most borrowers were told by the bank's employees that no Wachovia loan modifications were being granted, regardless of the homeowners situation. Well, that may be changing now as the purchase by Wells Fargo Bank was finalized December 31, 2008.
Now that shareholders have given the final approval for the buy out, Wells Fargo will be free to implement a Wachovia loan modification that will help to eliminate the billions of dollars in loans that face high … (0 comments)
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wachovia loan modification: Wachovia Loan Modification-Like Pulling Teeth! - 12/13/08 12:11 PM
Trying to get a Wachovia Loan Modification is like pulling teeth-painful and not recommended unless you know what you're doing. Wachovia has been reluctant to implement any type of broad loan modification program to its thousands of struggling borrowers stuck in high adjustable rate mortgages. The lender has a large portfolio of the risky, high default Pay Option Arm loans-these toxic loans feature a negative amortization feature which has proved to be fatal to many borrowers. A lethal combination of increasing loan balances with decreasing home values has left many homeowners with their back against the wall and nowhere to turn.
So … (1 comments)
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wachovia loan modification: Wachovia Loan Modification Program-What Homeowners Need to Know - 12/07/08 09:25 AM
Help may be on the way for desperate homeowners seeking help with a Wachovia loan modification. The lender has been slow to offer assistance to borrowers seeking a loan modification agreement to lower their monthly payment so they can afford to stay in their home. However, the Federal government has announced plans to implement an incentivized program whereby the lenders will be paid for every loan modification they offer to help borrowers avoid foreclosure. One in ten loans are now currently past due, some type of significant action is required to stem the flow of foreclosed properties.
Wachovia has a large portfolio of … (0 comments)
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wachovia loan modification: Loan Modification Programs-Learn the Lender Guidelines for Faster Approval - 12/02/08 09:41 PM
Struggling homeowners trying to figure out how to qualify for loan modification programs with their lenders need to learn a few important tips for faster approval. Although each lender has its own guidelines in place for their loan modification programs that borrowers need know, there are some key issues all lenders are looking for in order to approve the loan modification application.
Countrywide loan modification programs require that the borrower demonstrate a hardship situation by providing a letter explaining the circumstances surrounding the currently difficulty. This hardship letter should be brief, but a convincing account of why the homeowner is delinquent, … (2 comments)
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wachovia loan modification: Wachovia Loan Modification-8 Insider TIPs to get Help - 11/28/08 05:31 PM
Struggling homeowners trying to get help with a Wachovia loan modification may feel like they have hit a brick wall. It can be a frustrating, confusing and stressful situation for borrowers attempting to find a loan workout solution due to the current mortgage and economic crisis. Here are 7 TIPS to help you get the Wachovia loan modification help you need and deserve:
Make sure you are speaking with the right person-don't waste time talking to collections-their goal is to get as much money out of you as possible. Call the loss mitigation department and then make a note of the … (1 comments)
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wachovia loan modification: Wachovia Loan Modification Help-Tips to Apply - 11/13/08 05:46 PM
Troubled borrowers stuck in high rate adjustable rate home loans need to find out about how to apply for Wachovia loan modification help. Last month, Wells Fargo Bank acquired Wachovia for 15.1 billion. It also inherited a troubled mortgage portfolio that includes a large group of loans known as Pay Option ARMS. These high risk mortgages feature a negative amortization feature, where the minimum payment results in adding to the principal balance by deferring interest each month. These loans have an increased default ratio, and Wells Fargo is highly motivated to convert them into fixed rate mortgages.
Confused and frustrated homeowners … (2 comments)
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wachovia loan modification: Wachovia Loan Modification Update-Good News for Wachovia Borrowers - 10/04/08 03:38 PM
Are you one of the millions of homeowners stuck with a bad Wachovia home loan? If so, then the Wells Fargo takeover may be good news for your chances at getting a loan modification and converting your toxic loan into a new low interest, affordable home loan. Wells Fargo is under the gun to quickly clean up the mess of bad loans issued by Wachovia Bank. The quickest and most cost effective way to turn these delinquent loans into performing assets is by offering a Wachovia loan modification to their existing customers. The distressed homeowners get new, affordable loan terms and the bank looks great on … (12 comments)
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