I need my payments lowerd

I would like to modify my loan and lower my mortgage payment. I have gone up in debt and my tenant has not paid rent. It has been a difficult time for me. I tried speaking with someone at Wilshire and they said they do not have this program? What can I do? I am in Default for 1 payment behind. Please help

I am also going through a forclosure with Wilshire and have tried to work out something with them to stay in my house they are not willing to help, nor do they care. These people sit in their little cubilcles and do not give a Shit. I am a single parent with two kids and work full time. I fell behind on my payment with the birth on my second son. I would like to keep my house, but like many other people in this day and age will probably been thrown out on my ear.

What is wrong with the goverment these poor people are loosing homes because of this poorly unproffesional mortgage company (wilshire)Know Family should have to worry about loosing there home. Wilshire mortgage should be ashamed of them selfs forclosing peoples homes and not willing to help people stay in their homes I hope wilshire gets what they deserve for the way they treat otheres. We are in the process with several Lawyers to stop this company from lies and scams.This company will no longer be in buisness soon beleive me.

First of all Wilshire is not a Mortgage company, they are a loan servicer. Maybe you should do your research a little better before you go around slandering a company name. Also, I ask you Is if Wilshire's fault that you cannot make your mortgage payments? Maybe you should quit pointing fingers in other directions and start pointing them at yourselves. I understand people have fell on hard times in this crazy market, I have been there myself. However, I also know that it is not the loan companies faults for the situation I may be in. They are there to do their jobs. Also remember this, Wilshire did not force you to sign loan documents for a loan you probably could not have afforded in the first place. If you want to blame someone for that, again I say point the finger at yourselves. And seriously people start to take some responsibility for your own actions!!!!!!

They are horible. I have tried working with them for many months, since they never would work up a loan modification, I just sent in partial payments, but they stopped accepting them. I am now going to court ordered mediation, I hope that helps. I could afford the loan, and still can if they would just tack on the few payments I missed because of unforseen circumstances, to the end of my loan and give me a lower interest rate. No one forced my to sign the papers, but they really need to work with families to help them keep their homes.

I can afford my payments...NOW. Apparently I had the wool pulled over my eyes when I, like many, re-financed 2 years ago after finding my self in a poor situation, job loss. So, in rebuttle to Peggy's rant, in some cases it is accurate to point fingers in Wilshire's way. I did not CHOOSE to lose my job nor did I have any options when re-financing. My loan got sold to Wilshire and now they will not help out with interest rate or lowering payments. My interest will go up in one year and I'll be in the same boat as many other Americans. Peggy must work for Wilshire because I can not imagine any human being with a heart coming on this page just to insult people who are in unfortunate situations.

I agree with Brooke, shame on you Peggy.

I agree with Brooke as well, Peggy is a fat Whore.
How dare you talk to someone as if they are below you. Piggy Peggy, Piggy Peggy Piggy Peggy!!!!

is Wilshire owned by Merrilynch? and with this recent economical crisis right now what happens? Can i get my mortgate frozen now or lowered? since Merrilynch will be owned by Bank Of America?

Wilshire is owned my Merrill Lynch. Merrill Lynch is being acquired by BofA. This being said, it will not change the day-to-day operations of Wilshire. If I were in a situation where I was closing in on foreclosure again, (I was) I'd 1) Contact my servicer and ask specifically what they need to work up a plan and what are the timelines 2) Provide all information via Fax and certified mail 3) Follow up 4) Read ALL DOCS once you receive them 5) If the timeline is not met and/or you want additional help, contact a 3rd party modification team for help. No one in this economy wants another foreclosure, but you (the homeowner) need to be as proactive as possible to make things work. Think about it this way: If you have 500 loans sitting on your desk, which one will you work on first? The one with every bit of info and a customer who has followed up or the customer who sent in half the items and will sit back and wait for you to call? I have been a sales rep for years and my best attack plan has always been to be the easiest part of someone's day.

ha ha peggy

First of all, (peggy) it is not our responsibility to fully understand the jargon these crooked mortgage brokers with only commission on their minds. I am a hair stylist, and thats where my education and training is, so when people ask me about shampoo or hair cuts, I don't just give them some lousy unclear information, I explain in detail so they understand exactly what they are getting! Same goes for a friggin mortgage- the biggest purchase of your life!!!!
Screw you, Wilshire and Lynch, you bunch of thieves! I hope that hole company goes under!

I have been dealing with Wilshire the the past 3 months to get my loan changed to a rate which is more in Line. I now pay 9.65 I have been calling every week with no end in site. I just talked to them and was informed they are not going to change it. I can not understand how with the way things are now they can justify such a high rate. Their parent company Bank of America just got money from the Goverment but it appears it will no funnel down to the people who need it. I see no other options for me except to let the loan go bad and we all lose.

I got behind 3 months on my mortgage because i was sick a lot and then had surgery and was off work for a month so i had to try to pay what i could pay I ask wilshire to help me and all they did was raise it 300.00 they i was sick again and was taken medicine every other week for sinus infection for a year and they again i had to have surgery so I still trying to pay all my bill then i got all these medicial bill so i ask them to help so they raised it again so now i'm paying 400.00 more so i'm paying 1950.00 a month and all i wanted was them to help lower my payment so i don't lose my house but they don't care it makes me sick I don't eat and i get my be 1 to 4 hours a sleep a day i'm sick to my stomache every day and i don't know were to turn to the government is helping the wrong people again some how we need the government to open there eyes and help the people that need the help. Stop bailing out the company help the people and they will help the company by them paying there bills

I to am having a problem with Wilshire. We have been customers with them for 4 years now. Back in August 08, they were only able to freeze my current intrest rate 7.325. My mortage payment if $5,300.00 per month on a 1500 square foot house. We have been struggling to continue with this mortage payment. My mother-in-law recently passed away and my husbands small business is slow the WHOLE ECONOMY is slow. I just sent them a letter asking them to lower the rate just lower it alittle so that we can stay in the home that we love. I have yet to hear from them, and I probally won't! But we are slipping behind I dont understand why they wont help us. I'm getting sick over this dam house and all of us should not be treated like this because we can afford our homes just lower the rate alittle. WHY WONT THEY HELP??

My home is going to foreclosure because of my 1st lien holder. I want to negotiate a payoff to save my credit and pay some back to whilshire. what address to I send certified letter, etc. to. Please give address asap. For the area/department to make a decision on my payoff proposal.

the only way to deal with them is only with a well versed real state attorney.....thaat is the only way you might get their attention....get the department of real estate and thrift and supervision to check out any violations as well.... keep the heat on them!!!!!

I have my own delemma, I tried to talk to some agent in Welsire to help me with my dification, she told me I need to lwer my monthly expsenses, y I told her yes, ican but that is not the issue, by June my mortage will raise to another 500$ Im low right now, even if I no longer eat and don't have a car anymore I still can't [ay the mortage by June, they want me to have a house but dont have a car and dont eat. just to pay the mortgage. I told them, my situation right now is not i expect 3 yrs ago. I don't expwect the economy will be like this, even in my job I'm not secured anymore, back then an RN registered nurse is a very secured profession but bec. of a very bad economy hospital are shaking and its affecting everybody in healthcare, it;'s nobodies fault but the system, I can afford now what I'm trying to tell them is my future bec. I'm not sure what will be my future will be, my job told me there will be a big layoff to help the business.

We were two month behind on our adjustable rate payment when I tried to get them to modify our loan and all they did was give me the run-around! I couldn’t believe it when the guy on the phone actually said that my family shouldn’t eat so much because then we would spend less on groceries and would have more money to make our mortgage payment! What a jerk! He also said we should get a cheaper car and a bunch of other stuff that was really rude. Come to find out the loan modification they were going to give us was a just Forbearance Agreement and all it was going to do was add the payments we were behind on to the back of my loan. Since our interest rate was going to stay the same, this would actually make my payment go up! THAT’S what got me into this mess in the first place! My payments are too high! This whole thing was keeping me up at night worrying about what was going to happen to us. I told my friend at work about this and she said I should call the loan modification company that got her loan modified down to 3.75% fixed interest rate! I decided to call them, and in about 45 days they got my interest rate down to 4.35% and it’s a fixed rate too! The company is First American Financial Group and we are really happy with what they did for us. The website is, w. w. w. TheLoanModFacts . com. We went with them because they have attorneys on staff to make sure the banks do the best they can and they have a 100% money back guarantee. I hope this helps some other people fighting with their loan company! Don’t give up and don’t be intimidated by your mortgage company!