are you paying taylor bean whitaker your mortgage payment at this point?

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Hi, I was in the process of modifying my mortgage with Taylor Bean Whitacker…(investor is Wells Fargo so not a Fannie Mae, Freddie mac loan) My paperwork was submitted to Wells Fargo for a loan mod…I’m self employed and business has taken a big hit this past year) Anyway I’m told now that Taylor Bean still has my loan but it will be transferred to someone at some point soon. I am 60 days behind but have been putting money in an account on the side for my mort. payment. Everywhere I read online says do not send TBW your mort. payment as it will get held up in bankruptcy. It makes me VERY nervous to not be sending a payment. They are making no attempt to collect, I receive no calls, no mail. Is this ok? until the new company takes over and gets my mod going again? Any advice please!! Thanks
I have contacted Wells Fargo and the person I spoke with said that there is no way anyone at Wellfargo would discuss a loan that is serviced by another company..I made several calls and finally got this last person that told me it’s not possible..does that sound right???

1 Comment
  1. Reply
    arlene k
    May 1, 2011 at 1:25 am

    Call Wells Fargo and talk to their mortgage department. If they hold the loan, they will be able to tell you what to do. You don’t want forclosure.

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