Wachovia Savings and Loan ( a Wells Fargo Company) has unveiled a new program for mortgage holders that received their loans from World Savings Bank through the Pick a Pay Mortgage program.  A huge number of recipients of this program are now finding themselves under distress with regards to making the monthly payments on their homes and defaults on these mortgages are on the rise.  Word Savings owned these loans outright (rather than having sold the loans to secondary party investors), when Wachovia bought World Savings they bought these loans as well.  I have been able to have personal meetings with the Short Sale Home Division of Wachovia and can actually assist home owners that may have these loans sell their properties short of what they actually owe on the mortgage (short sale).  The best part of this scenario is that Wachovia is most likely willing to allow the short sale with minimal penalties to the home owner (and is actually encouraging home owners to take this route rather than foreclosure).   Contact us immediately for more information on this opportunity if you think you may have one of these pick and pay loans and are finding yourself under financial hardship.  Dave Higgins (888) 627-4399 x.0 Keller Williams Realty.  You can also go to THIS LINK and fill out the request form, we will contact you within 24 hours to see if we can be of service.

This entry was posted on Friday, June 5th, 2009 at 9:44 pm and is filed under Forensic Loan Audit, Loan Modification, Short Sale. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.