Getting an ASC loan modification in the year 2009 and 2010 became much easier. Wells Fargo home mortgage was hired to take over customer service for this company. Before Wells Fargo was in charge, getting an ASC loan modification was nearly impossible. Many customers would complain they could never even talk to a live person when calling in to customer service.
Now the Wells Fargo is in charge of all ASC loan modifications, you will always receive a phone call from a customer service representative in a timely manner. Many calls are returned within 48 hours from the time you leave a message.
The process to get an ASC loan modification will take time. Sometimes, loan modifications with ASC can take up to 120 days. If you are in fear of foreclosure, many times you do not have to worry because the foreclosure process will be stopped while your loan is under review in the loan modification department.
Some people have gotten ASC loan modifications completed from beginning to in within 60 days. Now the Wells Fargo home mortgage owns and operates this company, you will probably receive a great loan modification as long as you qualify. ASC loan modifications are not for everyone and anyone, but only for people who qualify for different reasons.
The current loss of a job, continual unemployment, a reduction in your wages, and a permanent injury may be different reasons you qualify for an ASC loan modification. Everyone can apply for a loan modification that has an ASC mortgage. The worst they can do is say no to you, leaving you in the exact same place you are today.
If you have lost your job or had a reduction in your wages, these are two of the most common reasons people get approved for an ASC loan modification.
Back in 2005, many customers tried to give ASC loan modifications, but were unsuccessful because of ASC’s poor customer service back then. Many people would never even get a return phone call from an ASC representative concerning the loan modification application they put in. The Better Business Bureau and just about every one that handles complaints for mortgage companies have had calls regarding ASC’s poor customer service. If you still have an ASC loan or mortgage, you can apply or an ASC loan modification today without much hassle or headaches. It will take some time, so you must have patience with the new servicer, Wells Fargo home mortgage.