|
Wachovia - Loan Modification |
PDF |
| Print | |
E-mail |
|
Written by Administrator
|
|
Saturday, 14 November 2009 12:40 |
|
Debt Settlement-Wachovia - Loan Modification | Related NewsShort Sale-
Wachovia - Fast Track Loan Modification Program
Wachovia that streamlines the process of helping you get loss mitigation help with your home loan. The Wachovia Loan Modification - Fast Track 30 program, which means once all paperwork is correctly submitted and full retainer submitted to the law firm. Then the timer starts - if you do not get your loan modification completed within 30 days or less.
WACHOVIA Loan Modification:
| Repayment Plan |
Distributes your overdue home equity payments over a specific period of time. A portion of the past due amount is added to your usual monthly payment until the past due amount is paid. |
Designed to bring your account up to date within a specified time frame. Allows you to pay a part of your past due amount each month. |
| Account Modification* |
A change to your original loan or line of credit that could help make your payments more affordable. We also may be able to extend the term or reduce the interest rate. |
Gives you a fresh start and brings your home equity account up to date immediately. May allow you to defer or skip a payment and pay it later. |
| Extension or Re-age* |
We can re-age your line of credit, or extend your loan so that your past due amount may be paid later in the term. |
Gives you more time to pay the amount owed. |
| Short Sale |
Allows you to sell your home and use the proceeds to satisfy your mortgage, even if the value is less than the amount owed. |
May help avoid the lengthy legal process involved in foreclosure. |
Notice:
We are not suggesting for you to become late to qualify for this program. You being late must be for hardship and financial reasons. Not so you can try to qualify for a program that you normally would not. If you become late on your mortgage for the sole purpose to trick your lender into modifying your loan. 1. They will most likely not do it. 2. You are only hurting yourself and your credit long term... That being said, if you are late because of financial and related hardships then this program maybe for you.
HAMP: does not require you being late on your mortgage to qualify.
|
|
Last Updated on Friday, 13 May 2011 11:40 |
