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can i qualify for HARP 2.0, if did Mod last August

wells fargo is telling me that because of my mod last year, i can't qualify gor HARP 2.0
  • April 10 2012 - Miami
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Answers (3)

Good Afternoon,

With the banks often times they begin with some restrictions and then based on possible changed circumstances they may make some exception. Please keep in mind that in many cases the banks are just the servicing agents for an investor. You may wish to reach out to Wells Fargo again, and explain your current situation and ask that it be retaken under consideration, if prices have dropped even more, or your ability to pay has changed. It never hurts to make the additional request. Good luck and I wish you the best.

Lila Lopez
RE/MAX Advance Realty
[phone number deleted by Zillow moderator. Please see our Good Neighbor Policy]
  • April 11 2012
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Profile picture for Gglobalp

The home is in miami, LTV was and still is well over 150%, i did not have any choice but to do HAMP in August 2011 before HARP 2.0 was introduced late last year. Do u think they will remove this obstacle/criteria in the future

  • April 11 2012
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Wells is correct. Modified loans are not eligible for HARP. You only get one crack at HARP/HAMP per loan/property so make sure to fill up your plate since you can't come back for seconds.
  • April 10 2012
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