We need Wells Fargo to approve a loan modification

Have you been sent a default letter? Did you receive a entire breakdown of your past due payments, added on late fees or any other fees they like to charge? It may be you do not owe that much to begin with. Call or visit acorn.com. They will help in mediation and loan modification for you if you have income coming. It all depends on many factors of your loan. But the banks are supposed to work with you not against. Wells fargo has demonstrated the opposite and has been racking in foreclosed properties that have been either originated by them or recently assigned by predatory lenders that since have been sued or filed bankruptcy. Its all those fees they tack on that seems to double your payments. Making it impossible for most to catch up. Call the bank and record your conversation!!!! You notice when you call them they say this call may be recorded. Do the same.I can't express that enough to people. In court and through discovery they always say they have tried to work things out for the homeowner only to find out they have only given one option. Pay what you owe each month, plus pay the arrears in a percentage on top of it. Well, who's got that kind of money? That's why most defaulted to begin with. Check your credit score and you will find they have reported your late payments, default, or you are in pre-foreclosure. Sealing your fate with a much lowered score. Either you refinance into a higher interest rate and a bigger mortgage or are forced into chapter 13 costing thousands upfront. Get loan modification. Ask for it. You may be able to get a lower rate for a while 2 to 3 yrs. in order to re-establish yourself financially. Good luck. By the way if you have been following the news the lenders are "bragging" about how they are actively participating in preserving the "American Dream" of homeownership. Through loan modifications and reasonable refinancing instead of the alternative, FORECLOSURE. O.K. guys where are you. There is only dust left behind when the Wells Fargo stagecoach went through my neighborhood.