Wells Fargo / modification lies
I got offered the same thing, they call it Moratorium. Pay portion of your payment for 5 months than pay everything on the sixth months that it after 6 months of jerking me around having to resend paper after paper. In the mean time you have to sign that you are in default (which I am not because I have kept up with the payments) and get dinged on your credit. In reality it’s a TRAP!!! For those of us is NOT upside down in the mortgage. They are betting that you will not be able to come up with the balloon payment in 6 months and they will make their money on the foreclosure.
I told them to go to hell!!! And sending the whole story to my representative. Do that too.
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