My mortgage servicer is Wells Fargo & my investor is Flushing Bank. Flushing Bank does not participate in HAMP or any other Gov. Plans to help homeowners keep their house. My house is valued at about $450,000 and I only owe $115,000 (paying 8.50% for the past 15years). I started to struggle in paying my mortgage after Hurricane Sandy hit (2012). I called WF & they told me I could take a 6 month deferment so I can get my damages & finances together. I was also advised to file for a modification because of a decrease of household income. The mod. Application could not to submitted till April 2013, it was never submitted. (Right before the def. Was to expire my engine had to be replaced. I called & informed them of my situation & was told they could extend the deferment a few months) Afterwards I kept calling & leaving messages for my point of contact & no calls were returned. In Oct. 2013 I spoke to a supervisor & was informed of it not being submitted. I went through the process again & again. Each time there was a different excuse for being denied. I gave them docs. For each excuse in support of my case & yet still denied. I even had "mod. Lawyers" help me with the paperwork to show affordability & still denied. My lawyers are appealing it. I have been informed that I am now going into foreclosure, no date set as of yet. So, I would like to know what my options are as to be able to keep my house, pref.(with a lower payment) or can I sell (for the equity) before a date is set?
Read more: What are my options since my investor does not participate in HAMP?
