Loan modification and Foreclosure site

If you are looking to get into a loan modification dealing with wells fargo, it is important that you visit this page. That is the page dedicated to loan modifications from wells fargo’s site.

The best thing about that page, other than the information that they provide is the option to get “payment help” online. You obviosly will not be able to close the deal online with a random person by any means, but it is always nice to get more information about who you are working with and what you are getting yourself into.

Wells Fargo has a pretty strict 10 month rule. They want you to make your late payments up within 10 months. This is much more strict than most banks, but I believe this is a good thing for two reasons:

1. It makes homeowners more responsible. If they have a specific date that they see that they need to be caught up with their payments by, they will be even more on top of their finances.
2. It weeds out the fakers/ charity cases. Believe it or not, there are a lot of homeowners that are just looking to take advantage of a loan modification that should not be worried about a modification.

Wells fargo is a pretty solid company to work with, especially when it comes to loan modifications.