Asked by Jerry, 20020 • Tue Jul 21, 2009
I am going thru the process with my bank (Wells Fargo) to modify my loan to a convential loan at a fixed rate. It's been about 5 months now and it seems we are making progress. They are very close to letting me know if they can modify my loan or not. Wells Fargo called me the other day and mentioned that the only thing left for them to do is an appraisal on my house. This will be a drive by appraisal - nothing extensive. Do you now if this is a good indication that they will indeed modify my loan?
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