Appointment With WF Monday

[Sammie]

My husband and I have an appointment this coming Monday morning with a representative from Wells Fargo to discuss getting help with our 2nd and 3rd Mortgages. We are current with them and want to see if it is possible to consolidate and have a lower payment without refinancing for a 30 yr. loan.

As you may remember, a while back I tried to convince my husband to convert to Ch. 7, but he did not want to. We are up to date on our expenses but extra money is not there, nor in our future.

Our house in NOT under water, but because of the 3 Mtges., if we were to sell (which he is adamant against) we would come out with about $20,000. The only reason we have this appt. Monday is when we paid our last payments they put the total amts. for the 2 Mtges. toward one Mortgage payment, making one over and the other past due.

While getting this cleared up the WF representative said that they could "do something" for us to get our payments down.

I am asking you all to help me ask the right questions on Monday so that we don't sign something to put us deeper in the hole.

As always, I want to thank you for guiding us through this process, and wishing everyone a prosperous New Year. sammie

[Sammie]

I hope someone can answer my question. Thank you. sammie

[dmc-2008]

Sorry I can't answer but be patient, it's slow here on the weekends. Also this would be a good question for atty because it might change dmi. Good luck

[Sammie]

Thank you dmc. sammie

[Pjmax]

Hi Sammie,

Whatever it is that 'they can do for you to get your payments down,' don't sign anything on the spot. Get it on paper and run it by your attorney, and here as well.

Sure hope you and DH are doing well.

PJ

[Sammie]

Thank you for your response Pj We went to WW for our appointment & found out that there isn't anything we can do right now until we start rebuilding our credit. He suggested that we apply for a WF secured CC to start to rebuild. We are going to look into a couple of secured cards and see what is right for us.

I pulled our Credit Scores and mine is 640 and my husband's 618. Kinda tough going down to such a low score, but we knew this was going to happen when we filed.

So now we are going to proceed with caution.

We are find, thank you for asking & hope that you are as well. Talk to you soon & thank you again. sammie