Wachovia loan modification
As most of the general public knows, Wachovia has been taken over by Wells Fargo recently. The deal is in the process of reaching its final stage.
This is actually a good thing for people who were in the middle of a loan modification dealing with Wachovia or people who bank with Wachovia who may be considering a loan modification.
Wells Fargo is not looking to buy another huge bank and have to deal with all of its pre existing headaches. They want to take over a company with great potential and start over from square one. Therefore they should be much easier to negotiate with and deal with in general than Wachovia would.
That is the good news, the bad news is that loan modifications are still not easy. They can take up to months of hard work, stress, and negotiation, so if you are in trouble with your mortgage and you are thinking about applying for a loan modification, do so soon.