Wells Fargo Mortgage Still HOLDING!! Philadelphia Pennsylvania

All mortgage companies are busy and understaffed right now. It could very well take a long time to get this worked out.

Now with that out of the way...

Time and time again these 'ripoff' reports consist of the same statements "they raised the payment I already couldnt afford". The way these companies come up w/ your modification or repayment plan amounts is off of the financial information you give to them. Meaning if you actually stick to the budget you relay to them to qualify, you should have no problem affording the payment they came up with. The problem lies in the fact that most people don't stick to the budget or leave out expenses to qualify for a program.

If you can't afford your mortgage payment because you don't make enough money, regardless of the circumstances, its time to move on to something more affordable. Its only a house. A house that is probably not worth what you owe on it and won't be for quite some time. Credit is so bad in this country it probably won't be long until a foreclosure doesn't even mean anything to lenders. I'm in no way trying to talk you into just letting the bank foreclose on your home, but I would imagine they would also be willing to look at the short sale and deed-in-lieu options as well.

Its really not worth the stress/money involved trying to hold onto something that you can no longer afford. The time and effort spent worrying and trying to work things out coupled with giving up the majority of your income takes a major toll.