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Report: #618836

Complaint Review: Wachovia Mortgage - Chicago Illinois

  • Submitted:
  • Updated:
  • Reported By: Green Frog — Skokie Illinois United States of America
  • Author Not Confirmed What's this?
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  • Wachovia Mortgage 4101 Wiseman Blvd. San Antonio TX 78251 Chicago, Illinois United States of America

Wachovia Mortgage unjustifiable modification review Chicago, Illinois

*General Comment: Wachovia Loan Mod is okay

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Wachovia has requested 4506T form for my tax transcript during the process of reviewing the loan modification application.  I've faxed in the form, as requested, with all of the appropriate lines filled out.  However, Wachovia has requested that I re-send the form with no. 1 - 4 filled and signature only.  The form clearly indicated that IRS has no control over what the third party (other than myself) will do with my tax information if I leave no. 5 blank; line no. 5 requires information to whom the tax transcript is to be sent if other than myself.  When I've brought up this point, Wachovia agent had informed that IRS rejects their request for my tax transcript if I fill out line no. 5, but if I leave line no. 5 blank, the tax transcript will be mailed to me.  It was after that comment that the Wachovia agent said that they have to fill out line no. 5 in order for them to receive the transcript.  When I refused to do so, the agent suggests that I should send it as they have requested if I still want to be considered for modification.  Threat ???  I don't know but all I know for sure is that something is not RIGHT and not FAIR. All I know is that they are not willing to modify the loan even though I may qualify and is doing everything possible not to (under the law). 

This report was posted on Ripoff Report on 06/29/2010 02:59 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wachovia-mortgage/chicago-illinois-/wachovia-mortgage-unjustifiable-modification-review-chicago-illinois-618836. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

Wachovia Loan Mod is okay

AUTHOR: MissV - (United States of America)

POSTED: Saturday, July 03, 2010

May I suggest that you talk with a local IRS person about form 4506T if you're really concerned? My loan was modified a year ago with Wachovia and I was truly surprised. I notice that the amount of my loan forgiven was sent to the IRS, which means I may have to treat it like income. Course, when making as little money as I (yet keeping my home), I consider it a small matter.

The same Form 4506 is used for closings and refinances. I don't think the Wachovia staffer meant to threaten or cause you concern. Just realize that the employee working with you may be trying to settle problem mortgages for hundreds of homeowners who are in a situation similar (or even worse) than yours.

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