“When the mortgage reaches $1,600, I have no choice,” he said. “It could be next month or it could be in six months. This is my dream home and I don’t want to walk away. It’s not something I can do and just shrug it off. It would make me very upset.”
Wells Fargo’s executive office plans to review the Albrants’ mortgage, said Jason Menke, Wells Fargo Home & Consumer Finance Group spokesman.
A year ago this week, President Barack Obama was at Dobson High School in Mesa to announce federal initiatives to help distressed homeowners and reduce foreclosures, including the Home Affordable Modification Program (HAMP). Albrant hoped the program would help him but was told he isn’t qualified for a modification.
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