Thursday, September 02, 2010

Loan Mod Trial Limbo: Meet Michael and Concetta Acevedo

Last fall, Wells Fargo told Michael and Concetta Acevedo that after a three-month trial, they could get a permanent mortgage modification that would allow them to keep their Staten Island townhouse.


Instead, 10 months later, the Acevedos are still making trial payments and fighting to save their home. The delays have dragged on even though a judge penalized Wells Fargo for errors processing their case. The Acevedos' trust in the bank -- and the modification process -- has run dry

"I wonder if they have a little cube, and they throw it up in the air to see what decision they are going to make," said Michael Acevedo.

Read on.

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