Homeowner assistance plans for Wells Fargo homeowners are still available and may offer debt relief assistance or foreclosure prevention opportunities for individuals who are struggling. Wells Fargo and other mortgage servicers in the Making Home Affordable Program are reportedly slowing when it comes to the number of home loan modifications that are being made.
However, there are reports that Wells Fargo has not only participated in proprietary modification programs but also extension plans to address other homeowner issues within HAMP. As example, plans like the Home Affordable Unemployment Program or Principal Reduction Alternative plan are available through the Making Home Affordable Program to address specific homeowner needs.
While Wells Fargo has not escaped criticism by homeowners, there are indications that various assistance programs may be available to help homeowners avoid the loss of their home. However, recent news over foreclosure practices by many of the nations top mortgage servicers has led homeowners to question whether financial institutions want to assist homeowners in their mortgage difficulties at all.
There have been troubles in the past between homeowners and servicers like Wells Fargo, but there are still assistance opportunities available through modifications, term extensions, principal reductions, and other mortgage payment solutions which may be beneficial to homeowners who are facing the loss of their home.
Homeowners with Wells Fargo are being prompted to contact their servicer if they are having trouble making their mortgage payment, and the sooner the better. However, Wells Fargo and other servicers have not been perfect in their implementation of all modification requests and there are sure to be difficulties that remain as the modification program has had its share of trouble.
Yet, when it comes to avoiding the loss of one’s home, these traditional modifications or proprietary opportunities for home loan assistance may still be available for certain homeowners through Wells Fargo to aid their homeowners.