Is Wachovia helping homeowners lower their mortgage payment to prevent them from Foreclosure?

Well i am trying to apply for a home loan modification due to Loss of wages .My company is not making enough income and have applied with wachovia and hud Acorn.I want to know if anyone out there has been helped recently by their bank.thank you

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4 Responses to “Is Wachovia helping homeowners lower their mortgage payment to prevent them from Foreclosure?”

  1. David M says:

    No, I have always been responsible with my spending and have sacrificed my standard of living to pay off my mortgage early. So the bank did not have to help me out.

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  1. -First, they embraced subprime lending, by selling adjustable-rate (ARMs), or interest-only or even negative-amortization subprime mortgages, with minimal or no down payments, to borrowers they knew could not pay them back if anything went wrong. Today, about eight million foreclosures have already taken place. And it is expected that in 2010-11, the number of foreclosure filings could rise to another 3.5 to 4 million. Why were banks irresponsible in their lending? ...

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  1. I am glad these homeowners get help, but we were excluded with our issues 2002 to 2004, we lost the home to foreclosure. A.C.O.R.N. was corrupt at this time, and they screwed us too. "Andy" from A.C.O.R.N took our money, only cared if we were of "his political ... I know of one case where the mortgage company told the "applicant" that they would have to first make payments over and above their existing mortgage payment before they would consider them for the program! ...