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Wells Fargo says we have a negative surplus and wants to foreclose
February 13, 2009
We have cash flow. We can afford our debts and obligations, and will have a chance ot get caught up within 90 days. Wells Fargo wants to foreclose, apparently, and I just need help stopping that process for 90 days. If we could refinance some debt, we'd be out of the woods forever.
Comments
Go Bankrupt now!
Go Bankruptcy!
I am in Joplin MO. Bankruptcy is NOT the best option,
I would take some of the cash flow and hire a good forecloser attorney. They will hault the forecloser and probably buy you 90 days. Wells wants to get you to a summary judgement where you will lose your home. The courts are looking for any reason not to foreclose. I got a summary judgement hearing cancelled by just having a lawyer and their working with wells on my modification. It's not a scam company it's a forecloser attorney that does modifications. Good Luck!!
You are right, bankruptcy is not the best option. Chapter 13 fails in most cases. That added Trustee payment puts a hurting on the wallets. BUT it stops the foreclosure and gives you some added time to seek somekind of remedy.
I myself did not go bankrupt...I fought Wells Fargo Home Mortgage on my own since Sept 2007 and recently in late August 2009 I finally got them to honor the Loan Modification I recieved .... by getting our State Attorney General involved. The investors are not willing to negotiate easily.
I might add that Wells Fargo STILL has not sent me a fully executed (at the least) copy of the Loan Modification I signed. I suspect they realized their error and just apeased in my case just to get the attorney general off their backs. Until I see the document I really don't think a duly authorized member has signed the document.
I myself did not go bankrupt...I fought Wells Fargo Home Mortgage on my own since Sept 2007 and recently in late August 2009 I finally got them to honor the Loan Modification I recieved .... by getting our State Attorney General involved. The investors are not willing to negotiate easily.
I might add that Wells Fargo STILL has not sent me a fully executed (at the least) copy of the Loan Modification I signed. I suspect they realized their error and just apeased in my case just to get the attorney general off their backs. Until I see the document I really don't think a duly authorized member has signed the document.