Wells Fargo Modification

[Joel Fraser]

I also applied for my Wells Fargo loan mod about 2 months ago. I have been calling every week to find status, sometimes twice. I am three months behind. I have two questions that I have trouble getting answers to, from WF or anyone else: 1. Since I am three months behind by 10/15, I received a letter from WF that they would start acceleration process to foreclosure on 10/16. When I talked to loss mitigation yesterday, they said that they have ordered a BPO and I still have to wait for a few more weeks before loan mod is decided one way or the other. On my question about the foreclosure letter, the person said that foreclosure process will continue regardless but if loan mod is decided they would halt it. My fear is whether or not there is a chance of load mod review not completing in time and WF starting foreclosure. I don't want to loose the house. Should I try and arrange for three months arrears and pay - though it is going to be difficult for me? 2. What happens to the missed payments whenever they finalize the review of loan mod? Do I have to arrange to pay the missed payments? I need to know so that I start arranging for funds. Thanks