Loan Modification With Wachovia
As apart of the shakeup among banks, Wachovia became apart of Wells Fargo in late 2008. Since then, they have become an aggressive loan modifier and have even begun granting principal balance reductions.
Principal Balance Reduction 
A principal balance reduction is something everyone has been looking for, but few lenders have been willing to grant. Essentially, it allows a homeowner to have part of their loan reduced with no obligation to pay it back. This means tens of thousands of dollars in savings for a borrower.
Success With Wachovia Loan Modification
A recent client came to us with a precarious situation. He was over 90 days late on his mortgage and held an interest rate above 8%. By the time we finished our negotiations, we had him current on his loan with a fixed rate of 5.75% for the life of the loan. The best part? His principal balance was cut by 10% saving him almost $40,000! We have rarely seen this in doing loan modifications, but Wachovia appears to be actively considering principal balance reductions. If you have a loan with them, it’s worth learning more.
Do You Qualify With Wachovia?
Our complimentary consultation allows us to explore your situation and determine a course of action without it costing you anything. Not everyone will qualify, and we’ll be up front with you about your chances from the very beginning. We do extensive work to ensure success for our clients. Even if you can’t qualify for principal balance reduction, there are other loan modification options that can still save you thousands of dollars.
We can get started on your loan modification with Wachovia right now. The application on this page gets you moving. You may also call us at the number provided at the top of this page.
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