After recieving a delinquent notice 30 days after iniciating a remodification, I called to find out what is going on. Learned that someone had removed my phone nunber from my file and Wells could not get a hold of me. Though I was requested to make 3 monthly payments at a reduced amount and pay them on time my loan which untill now had never been late would now be considered delinquent and if I pay the amount shown as late, to bring my status currant I would no longer be considered for the remodification. Catch 22, was not explained at the onset and I am now 30 days into the prossess and would have to wait another 90 days to be considered manualy as they put it, in order to save my good credit standing. This company has found a way to profit from the Obama plan to help the citizens and ruin our credit at the same time. After 30 minutes of conversation with by the way a very nice consultant these were the only two opptions available to me. Moral of the story, there is none, I only know now that my so calleld late payment that Wells Fargo set up, will now be reported to the credit bureau untill the remodification is finalized. It almost seems to me that they have made it go out 90 days so they can forclose if they choose at that point. As of this time there are no promiss that I will be given new payments or lower intrest just three months of reduced payments that puts me deaper and deaper into arrearage. How is that working for the consumer, Mr. President? Is the government keeping tabs on how these institutions are conduction business? If not perhaps they need enlightenment. Please forgive the miss-spellings.
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