Wyoming Home Loan Modification – Modify Your Mortgage in Wyoming

Free Loan Modification Consultation

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A lot of people failed to pay their mortgages during the last few years because of unfortunate events that took place in their lives. Because of the economic meltdown, many companies are forced to boot their employees. This resulted to many people who are jobless. Other causes of loan default are family problems, divorce, or death of a relative who is directly involved in the payment of the loan.

When those people defaulted, banks had no choice but to foreclose their properties and seize their belongings. The bad thing is that even if the banks do this, they still experience great losses because they are not able to get back the cash value that they gave in the mortgage. During the recession, many people do not want to buy foreclosed properties and they would rather keep their money or allot it for other purposes. The banks would rather not foreclose the properties and work with the borrowers instead. The latter alternative is now possible because the loan modification law was approved last February 18, 2009. This law allows the revision and modification of the initial agreement’s term, if the person who loaned cannot pay the monthly rates anymore.

Before you contact the bank, make sure that you know about all the guidelines of the loan modification program. To do this, you can conduct research through the internet or read information in books so that you would be more knowledgeable about the process. The bank prefers this process, because it is more profitable than foreclosure. They even give counseling sessions for those who have problems in paying their mortgage. Before you meet up with the representatives from the bank, you must collect proof of your financial difficulty such as bills or other papers. If your income as indeed become lower, it would be unfair if they would still require you to pay the same fixed rates. If you are ready, the bank will schedule your appointment and the negotiations for your case will start. The bank will give you various offers and you must check each one thoroughly before you decide which one you would choose. A must have for the new agreement are lower rates, because this is what you need. To aid you in the process, ask a lawyer to represent you. An attorney with experience and a good strategy can negotiate a good deal for you.

The loan modification program is a better option compared to defaulting for those people with financial hurdles. The situation in Wyoming has improved ever since the law was enforced.

Wyoming Mortgage Companies

US Bank – Gillette Office
(307) 686-8117
509 S Douglas Hwy
Gillette, WY

Wells Fargo – Powell Main
102 E 2Nd St
Powell, WY

Wells Fargo – The Aspens
3445 N Pines Way
Wilson, WY

US Bank – Worland Office
(307) 347-9268
100 S 15th St
Worland, WY

Wells Fargo – Riverton Main
616 N Federal Blvd
Riverton, WY

US Bank – Cody Office
(307) 527-9621
1132 Beck Ave
Cody, WY

Wells Fargo – Cheyenne East
3600 E Pershing Blvd
Cheyenne, WY

Wells Fargo – Casper East
4141 E 2Nd St
Casper, WY

US Bank – Carey Office
(307) 778-1650
2020 Carey Ave
Cheyenne, WY

US Bank – Frontier Mall Office
(307) 772-4060
1437 Prairie Ave
Cheyenne, WY

Wyoming Legal Services

Local offices of the Department of Housing and Urban Development (HUD) can help mortgage applicants in the State of Wyoming find the resources they need to make smart mortgage decisions.

Wyoming’s Division of Banking helps to set rules, investigate complaints and exercise enforcement/disciplinary authority over the businesses it oversees. It also tracks the mortgage lenders doing business in the state.

Wyoming Attorney General
123 Capitol Building
200 W. 24th Street
Cheyenne, WY 82002
Phone: (307) 777-7841
TDD: (307) 777-5351

Consumer Protection Unit
Phone: (307) 777-7874
Toll-free: (800) 438-5799

Wyoming Division of Banking
Herschler Building, 3rd Floor East
122 West 25th Street
Cheyenne, WY 82002
Phone (307) 777-7797
Email: maitchison@wyaudit.state.wy.us

Wyoming Real Estate Commission
2020 Carey Avenue, Suite 702
Cheyenne, Wyoming 82002-0180
Phone: (307)777-7141

Wyoming State Appraisal Board
2020 Carey Avenue, Suite 100
Cheyenne, Wyoming 82002-0180
Phone: (307)777-7141

FBI Field Office
Denver Division
Byron G. Rogers Federal Building
1961 Stout Street, Suite 1823
Denver, CO 80294-1823
Phone: (303) 629-7171

U.S. Department of Housing and Urban Development (HUD)
Casper Field Office
150 East B Street, Room 1010
P.O. Box 11010
Casper, WY 82602-5001
Phone: (307) 261-6250
TTY: (307) 261-6258
Email: WY_Webmanager@hud.gov

National Credit Union Administration
Region V – Tempe
1230 W. Washington Street, Suite 301
Tempe, AZ 85281
Phone: (602) 302-6000
Email: Region5@ncua.gov

U.S. Treasury Office of Thrift Supervision
1700 G Street, NW
Washington, DC 20552
Consumer Complaints
Phone: (800) 842-6929
Email: consumer.complaint@ots.treas.gov

West Region Office
225 E. John Carpenter Freeway, Suite 500
Irving, Texas 75062-2326
Phone: (972) 277-9500

National Fair Housing Alliance
1212 New York Avenue, NW Ste 525
Washington, DC 2005
Phone: (202) 898-1661
Email: nfha@nationalfairhousing.org

To locate your local affiliate:

Better Business Bureaus
BBB of Southeastern Idaho & Western Wyoming
453 River Parkway
Idaho Falls ID 83402
Phone: (208)523-9754
Email: dtorres@idahofalls.bbb.org

BBB serving northern Colorado and Greater Wyoming
8020 S. County Road 5, #100
Fort Collins CO 80528
Phone: (970)484-1348
Email: info@wynco.bbb.org

Avoid Mortgage Scams Wyoming

While Wyoming has not been affected by mortgage fraud as much as in other states, it has created state resources to address the problem.

Attention homeowners: If you think you have been a victim of a scam, or approached by a scammer, report it to the Loan Modification Scam Prevention Network now! Your complaint could provide vital information that will help put loan modification scammers out of business.

Call 1-888-995-HOPE (With your permission, the complaint will automatically be shared with federal, state and local law enforcement)