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Andrew Heidingsfelder, Pa. - Denied
As soon as he heard he could refinance to a lower rate through the Obama foreclosure prevention plan, Heidingsfelder called Wells Fargo to apply. The computer programmer has a $260,000 primary mortgage and $90,000 in second mortgages on the home that he shares with his wife and two children. He was hoping to lower his 6% mortgage to the 4%-range

After confirming a month ago that he had a Freddie Mac loan, he applied over the phone with a Wells Fargo agent. The New Cumberland resident was told he'd receive a follow-up letter requesting his expenses and tax returns. He never got a letter.

A month later, he learned he was turned down. An agent told him to apply for Wells Fargo's refinancing plan, but Heidingsfelder was denied again because he didn't have enough equity in his home. The representative suggested he look into the Obama refinancing program. So he left a message for the agent who originally turned him down. Wells Fargo declined to comment, but said it is continuning to discuss options with the borrower.

"If I don't qualify for the Obama plan, no one will," said Heidingsfelder, 48. "It seems really hard to find where you fit in. It doesn't seem to me that there's really a plan there."

NEXT: Jeffrey Huegel, Auburndale, Fla. - Runaround

Last updated July 06 2009: 3:05 PM ET
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