One of the things I was told by Wells Fargo Mortgage when I started this process was that they would NOT be calling me unless they were ready to talk to me about the work-out deal they would be presenting me. If they were going to do a work-out at all. I was also told to continue to call them every two weeks or so to see what the status of my loan modification was. That was until I got the secret login letter from Wells Fargo Mortgage telling me how to access their site and see the process of my loan modification.
So it was a surprise to me that last night I get a call from Wells Fargo Mortgage. Since I wasn’t home to answer, the caller said I needed to call them immediately. By the time I got to the message, it was too late to call them. They close at 8PM central time. So this morning I called the number they left me. To my surprise, they didn’t know what I was talking about when I told them I was told to call them. They passed me off to the department that is dealing with my loan mod and the nice lady said it was probably an automated call to tell me that they are still working out my modification.
Oh well, we still wait. I did learn some very interesting information though. It appears that on June 21st they had an appraisal done on my house. I was not contacted by any appraisal company and to my knowledge none came by the house. More than likely it is a market appraisal based on they whole Roseville, CA area. Good luck with sales comps guys. The second bit of information I learned was the name of the guy who is doing the “Loan Negotiating”. Though it appears they back-tracked on that a bit when I asked for the guys last name spelling. They just said he might be the guy. The last bit of information was that it appears it will take 31-60 business days from the appraisal for them to get back to me. This is different from the time frame they told me before. I started this process in April, though they claim May as the start date because I had to resubmit some papers for them. They had told me that it would be 60 – 90 days from that date to complete this. That would be around August. It may be that we are still on track for an August date to complete this process, I don’t know.
As always, I will let you know how this plays out. If you are going through the process and have anything to add, please feel free to comment on these posts. This is the fifth one in my series so far, with at least a couple more to come it appears. So stay tuned.
Thanks for reading.
Tags: Conforming Loans, mortgage loan modification, mortgage modification, Non-Conforming Loans, wells fargo, wells fargo mortgage
