Zillow Advice: Loan Modifications - How long does a Wells Fargo loan modification take? http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ Zillow Advice | Zillow Real Estate I have been in foreclosure ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ <p>I have been in foreclosure for 4 years.&nbsp; I completed a trial modification to be told months later I did not provide complete documentation.&nbsp; I sent over 1000 pieces of documentation.&nbsp; I had subsequent trial mod offers. They are subsidized and benefit from accepting payments for loan mod.&nbsp; Then they have no obligation.&nbsp; Pursue it but don't do it.&nbsp; Look at my situation&nbsp; chicagonow.com search loan modification fiasco for more info.</p> Sat, 19 Jan 2013 17:18:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2013-01-19T17:18:00Z I've &nbsp;been &nbsp;working ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ I've &nbsp;been &nbsp;working &nbsp;on &nbsp;mine &nbsp;for &nbsp;3 &nbsp;years. &nbsp;My &nbsp;homes &nbsp;been &nbsp;sold &nbsp;once &nbsp;at &nbsp;the &nbsp;Sheriff's &nbsp;Auction. &nbsp;And &nbsp;I &nbsp;got &nbsp;an &nbsp;attorney who &nbsp;reversed &nbsp;it. &nbsp;It's &nbsp;now &nbsp;up &nbsp;for &nbsp;sale &nbsp;again. &nbsp;Just &nbsp;Google&nbsp;&nbsp;problems &nbsp;or &nbsp;fraud &nbsp;with &nbsp;Wells &nbsp;Fargo&nbsp;&nbsp;loan&nbsp;&nbsp;modifications. &nbsp;They''ve &nbsp;been &nbsp;sued &nbsp;over &nbsp;and &nbsp;over., &nbsp;they &nbsp;don't &nbsp;care. &nbsp;They &nbsp;don't &nbsp;want&nbsp;to &nbsp;modify&nbsp;the &nbsp;loans. &nbsp;Kim Tue, 04 Dec 2012 00:42:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-12-04T00:42:00Z Now a days everyone is trying ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ Now a days everyone is trying to get a modificdation, trying to do this on your own is difficult bc the banks are bombarded with requests and will give you the run around. There is a science to this madness and<em>[self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy]</em> Sat, 09 Jun 2012 20:47:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-06-09T20:47:00Z In my experiance, it takes ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ <p>In my experiance, it takes them exactly long enough to go ahead and foreclose on your house!! I began the aplication process last August upon notifying them I was having financial difficulties,&nbsp;months prior to missing the first&nbsp;payment. I sent in all of&nbsp;the&nbsp;documentation they asked for thinking I was applying for a loan mod..&nbsp;In January, I was informed that it had only been a "pre-qualification" and that I now needed to gather, calculate,&nbsp;fill out and submit almost 50 more pages of forms/documentation. In the meantime, they filed for foreclosure when I missed 4 consecutive payments&nbsp;after having exhausted savings, cashing in life insurance policies&nbsp;and selling all the furniture,&nbsp;jewelry and family heirlooms I owned of any value.&nbsp;After submitting&nbsp;the Request packet to them, weeks went by&nbsp;without a word and unable to&nbsp;reach anyone by phone who knew anything about my application. This continued even after&nbsp;I was assigned to&nbsp;a "Home Preservation Specialist" (ha!) who was to be my single point of contact from then on. This type of thing&nbsp;continued and dragged&nbsp;on for so long the documentation I initially sent&nbsp;became&nbsp;outdated and had to be redone and submitted&nbsp;twice more -- the last time being May 24.<br/>Today I received 3 letters in the mail.&nbsp;1.A notification of denial -- reason given:&nbsp;They were unable to assist me. 2. A form letter strongly encouraging me to&nbsp;consider a Short Sale.&nbsp;I have&nbsp;a respectable amount of equity and&nbsp;no intentions of selling. and finally 3. Notification of a&nbsp;final foreclosure hearing to take place June 16.&nbsp;Surprise!!&nbsp;<br/>Hopefully&nbsp;this helps.<br/>Best of luck and God Bless!&nbsp;</p> Tue, 05 Jun 2012 02:59:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-06-05T02:59:00Z We havent seen Wells Fargo ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ We havent seen Wells Fargo doing many HAMP Mods. &nbsp;in fact if Wells Fargo is the Investor of the loan, they will most likely not participate in the HAMP program, and when they modify in house they dont like to extend the term. &nbsp;So, the income is going to be really important in qualifying. &nbsp;<br/><br/>We see far lessWells Fargo Mods than some of the other servicers. &nbsp;Shame on Wells. Thu, 10 May 2012 09:59:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-05-10T09:59:00Z Curious, how many of you ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ Curious, how many of you still have your homes?&nbsp; We did the loan modification, paid every payment on time for 6 months, month 7 they returned all money to us and said they determined we didn't qualify after all and to call to find out why.&nbsp; Couldn't ever get an answer out of anyone.&nbsp; House was foreclosed on 2 months later.&nbsp; Tue, 01 May 2012 22:22:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-05-01T22:22:00Z I keep reading 60-90 days ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ I keep reading 60-90 days and although that might seem like a lot I have been waiting since June of 2011 and I keep sending the same documents every other month if not every month. My file keeps getting passed on and I call every week but I guess I have to call every day or it might be time to contact an attorney. I missed payment on October but was trying to avoid this!! In a month it will be a year attempting to get a loan modification with WF ! Tue, 01 May 2012 15:35:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2012-05-01T15:35:00Z Wells Fargo Loan Modifications ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ Wells Fargo <a href="http://www.zillow.com/mortgage/">Loan</a> Modifications are a scam. We have been trying for months and they just sting you along with no intention of giving it to you. An attorney is the only way. There really should be a law suit brought for all the pain and suffering they are doing to thousand who believe thier BS. I just wrote my senator. Let"s see what happens from that. Not holding my breath Tue, 23 Feb 2010 16:34:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2010-02-23T16:34:00Z We applied twice for a loan ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ We applied twice for a <a href="http://www.zillow.com/mortgage/">loan</a> modification.&nbsp; It took about 3 months, but we were significantly behind due to a lay off.&nbsp; Our income is now higher and we have less debt, as reflected on the modification paperwork (this was for a Wells Fargo program to actually get the late payments moved to the end of the loan)..and we were told we didn't make enough income to support the <a href="http://www.zillow.com/mortgage/">mortgage</a> and needed to short sale our home....<br/><br/>However, talk to someone on the phone and no one can give us a straight story on the status of our loan.&nbsp; Every month, we recieve a letter of loan acceleration if the account is not brough current by a certain date.&nbsp; That date comes, we get another letter stating the same thing with a later date.&nbsp; Talk to WF and they have no clue, there records reflect nothing....<br/><br/>Tonight, my husband talked to WF and their records show the <a href="http://www.zillow.com/loan-modification/">loan modification</a> was denied to it being listed as going up for short sale.&nbsp; We never said "short sale" that was used in their denial letter to us. Thu, 13 Aug 2009 01:48:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2009-08-13T01:48:00Z Expect a long time...they ... http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ Expect a long time...they have the power. They want to make sure that the modification is necessary; if its not, they are not going to do it.If you want fast action, your going to have to hire an attorney. The banks are obligated to respond within 21 days, so they cannot push them off by saying " a few more weeks"..in addition, they already are in contact with the loss mitigation department on a daily basis, so the network of communication is open. We see them finish in around 90 days, Wells does take a longer than usual time. Best of luck Mon, 03 Aug 2009 22:13:00 GMT http://www.zillow.com/advice-thread/How-long-does-a-Wells-Fargo-loan-modification-take/239144/ 2009-08-03T22:13:00Z