We got our loan approval and modification of double payment … could this be right? Please help?

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I post for the third time since I’ve no answers. Apparently, nobody knows what they have here tun.Wir fighting with our mortgage company for almost three years to a misunderstanding that just before the holidays in 2007, short story in March 2009, we presented evidence in court sufficient that the discrepancies Mortgage Company (Wells Fargo) events. The judge ruled in our favor and said that Mr. Wells had to work with us and the house was taken by foreclosure. They agreed to a forbearance and then work Ă„nderung.Jetzt a loan in the time we receive calls from other loan companies that can mod a mod loan of $ 2,000 to $ 527 per month. We chose our mortgage company the benefit of the doubt that they would be fair with our payment. We feared that these companies could scams werden.Wir our forbearance paid as agreed and sent the necessary documents ready for our mod. After the worksheet in the budget that we had with Wells, we had about $ 700-800 dollars for a mortgage payment. Our first installment of $ 875.Die approval for the loan modification came on Friday evening. To my shock our monthly payment is $ 1,533 a month, it raised our share of 6.45% to 9.87% and shortened the duration of the loan payable in 13 years. can say we were 25 years links.Unnötig on our original mortgage, it is not our way to make that payment. I thought the idea was to contribute to the crisis and not hinder others. I’m right point now where I just want to give up all zusammen.Auch when all this was f ** k up Wells Fargo, we are still screwed forever. Our lawyer is at a loss what to do. Since most mortgage banks do not want to be upside down on a loan. But since all this started, it seems they do everything possible to get around. He said we must really have pissed himself go so far for them to get around. Because he has never seen anything like it. The judge said the gleiche.Wir the little people are engaged in a great company conglamurate. I ask startign if our house is located on an oil well which is why they do everyhting we raus.Gibt Are there any suggestions that we could do to save our home and still find credit?

2 Comments
  1. Reply
    Ryan M
    February 3, 2011 at 10:55 pm

    WOW!!! Never heard of this either. Obviously we don’t know the WHOLE story, only your side of it so it is VERY hard to give you advice. At this point, sorry to say, your best bet might be to walk away from the house since you could not afford the terms that you originally agreed to in the first place. Unfortunately, you are not entitled to a house, so a court cannot force a bank to make the mortgage affordable to you. Your ONLY other option is to see if you can get refinanced with a different lender. Your hands are kind of tied in this one.
    Once again….WOW!!!

  2. Reply
    Landlord
    February 3, 2011 at 11:13 pm

    I wish I knew, but honestly I am stumped.

    If you got in the Obama plan your payment should be exactly 31% of your gross income.

    If this is not the case I would guess your next step is to call them up again and ask to be put on the Obama modification plan. If your payment exceeds 40% of your income you should qualify for this.

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