Wells Fargo Foreclosure eminent after 10 months of them beating us up! No completed review. No denial letters. HELP!

Wow... you got a lot on your shoulders... This might not be the right internet post to get proper advice. You should search for "Loan Modification Advice".. This post is generally for loan / refinancing questions, but let me give you my insight... First of all, the HAMP program has been a complete failure. What you're referring to is exactly what has happened to tens of thousands of people trying to seek loan modification help. I have heard your story hundreds of times, and it should be criminal.. Wells Fargo is not after your equity, I assure you.. They are just incompetent when it comes to doing modifications. The complete system is set up for failure.. Your file has to be transferred to multiple departments for review, and none of them communicate with each other. One department asks for one document that you already provided to another department, and they can't find it, so you get it to them and it takes weeks for them to review it... Stalling, delays, transfers, switching personal, changing processes midstream, etc... all of these cause delays, and the clock is ticking... I have said for years that Loan Mod's are complete scams, whether it's being done by the big bank (IE Wells Fargo), or a small bank, or a "Loan Modification Specialists" company... they are all complete scams!! If your loan has had no 30 day late payments in the last 6 months, and no more than one 30 day late In the last 12 months, then you will qualify for the new and improved HARP 2.0 program. With this program, you can refinance into a 30 year fixed loan, at today's current lower rates... this should help you cut your payment almost in half... The program is open to applications right now, however they cannot be submitted until March 17th. No loan to value restrictions, so if you're underwater, it's not a problem... if your self employed, then 1 years tax returns is all that's required.. you can also finance the closing costs into the new loan. Also most lenders don't even require a credit score, so low scores will still be approved... If your loan is in default, then this might be hard to swallow, but if you're faced with the inevitable, then you might want to let them foreclose. First off, when you get past the initial shock and hit to your credit score, eventually you will get peace in all this. The waiting period for FHA is 3 years to be able to purchase a new home... I have had borrowers who have had foreclosures, and re established in the year after, and on the 3 year anniversary date, they were able to purchase a new home. If there is no end in sight, then letting them foreclose could be your best option... WilliamAcres.com

Unfortunately, what you are experiencing appears to be fairly normal. Do they want your home? Probably not, but that doesn't mean it won't happen. I think the best thing you could have done is make contact with the FNMA counselor and continue working with the Executive office. Provide them with everything they ask for as quickly as you can. Although they are not the end all, several years ago, I had an issue with Wells. After several months of fighting with the underlings, I managed to make contact with the Executive Office, and the problem was resolved in a matter of a couple of days. I know it can be frustrating, but hang in there. The Executive office should have some clout to get the auction date pushed back, especially if you have been working for the last ten months and the delays are not of your doing. Here in Arizona, we have a couple of TV stations that are always looking for consumer stories. You may want to give that a try as well. It's amazing what a little egg on the face (or threat of it) can do. Good luck to you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

First of all, you have to calm down. You have to understand that there are people filing lawsuits all over the country against lenders for SEC violations, securities fraud, RICO charges - and, winning! You could too! But, take it easy...you have so much time! You can drag this out in court for years! One reason why they would rather foreclose is if you have PMI or MIP - they get paid again! And, then my other advise is to contact a HUD-certified, non-profit organization that has been around for over 20 years - NACA (Neighborhood Assistance Corporation of America) NACA !This organization is headed up by a guy named Bruce Marks who, at one time - worked for the Federal Reserve. A true crusader, you may find that with NACA's assistance, your mortgage can be adjusted down to a rate of 2% for the life of your loan as originally written- while staying with your current servicer! To lower your payment even more, they can negotiate to forebear some of the principal or extend terms to 40 years. NACA is not a mortgage company, and they will not be taking over your loan. Their role is that of advocate of the struggling mortgagee - a Don Quixote for the homeowner, if you will! Actually, what they will look at is "how much can you afford". This program is based on your payment not exceeding President Obama's "making home affordable" guidelines - that your housing payment be no more than 31% of your income. Then, there are other factor's such as if your rate is more than 3% over T-Bills - and especially if you are in an adjustable loan., that also dictate eligibility. You do not even have to be late on your payments to qualify - although you must be suffering a verifiable hardship. Decreased income is enough. And, its best to work with NACA electronically. There really is no need to have to leave the comfort of your electronics to access this program. They do offer workshops, but those are mainly for the digitally challenged - although, I do know of one person who attended a workshop with proper documentation in hand and left with her modification in place!Because NACA is a free, non-profit organization - working with them does require patience. But, even just being logged into the system, will help protect you and buy you time in court - used properly. Every Tom, Dick and Harry has begun doing "loan modifications" - but, unlike them, NACA will never ask you for a dime. And, through them, the terms offered will be a permanent solution - not just a "trial modification"! And, I have been told by direct lender representatives that this program is actually better than the common "making home affordable" plan offered by most lenders! I would ask them to do a forensic audit for you, which they will do for free. Just showing a judge that you are working with them, will buy you lots of time!If this all works out for you, I'd sure welcome a recommendation from you! Good Luck!

Sorry to hear that you are dealing with the same system as many others. I would advise you take William's advice below and look into the HARP refinancing option as your 1st best alternative. Second, banks postpone foreclosure sale dates frequently. You just have to get a customer service person to submit the request for you. Usually about 5 days prior to the sale date. My second piece of advice would be to pursue a short sale if you do not qualify for the HARP program. I am in Central Texas, if you need help finding an experienced real estate person, please contact me and we will find an experienced short sale agent near you to help.If the Fannie Mae rep submits the request to postpone the sale date, I would hope that Wells Fargo would honor that request. Also, Wells Fargo uses an attorney in Dallas for their foreclosures Barrett, Daffin and Frappier I believe (It should be on your Notice of Foreclosure Sale Date notice), call them and request a postponement also. Since Fannie Mae is the investor, they actually control the postponement so if the request starts from there I would think you are in good shape. Call a local mortgage person and get the HARP thing going. Be persistent! Call Wells every other day at least and always ask for response times and managers names and contact info so you can escalate if you do not get a response. Good luck! June Green Coldwell Banker United Realtors, Austin,TX, dreamgreenrealty@gmail.com