Question : Has anyone actually had a home loan modification go well when your not behind on payments?
Wachovia has been dragging the process on for going on over 4 months now. What a joke. Does this wreck your credit?
home loan modification

Best answer:

Answer by Kevin B
i’ve handled many temp and permanent loan mods. They do work, don’t hurt your credit AS LONG AS YOU MAKE PAYMENTS. If they bank is willing to negotiate a lower rate and your fault on that payment, as well, then you’re in for it! It doesn’t look good that you’ve faulted in the first place, but when you take into consideration that you’re working to fix i, it helps revive your credit if you make payments and stay on top of things.

If you’ve been dragged out for 4+ months, I’d consider a loan modification company ( like freehampreport.com ) You’ll get free eligibility tests, and you can get a certified HAMP specialist to handle your case and call you with up to date info about your application. We both know Bank of America, Chase, Citimortgage, etc. won’t call you and tell you how your application is going…. you’ve got 4 months of proof!