BofA Update:
Just got off the phone with David L. Our mod is now on hold. Apparently there is a new Obama planned release having to do with principal forbearance that BofA is waiting for before proceeding. David estimates it will be 2 or 3 weeks before they have the outline of that plan. He said because my mod is on HOLD status, they are not hitting our credit and we will not go into the system as delinquent and process into foreclosure at this time. Any payment I make will go into a partial pay account until the terms of the modification are determined. He said to call NACA in 2 weeks and if they don't have anything for us, then to call him back. I think David is the most awesome person! I always feel like he is truly a caring person who wants to help!
Something else he told me too about sale dates.... I asked if I got to that point, why would the sale date not be postponed until the last minute? He said that if it is 20 days until a sale date and they request a postponement, the postponements are usually always 30 days. So they request a postponement and they only end up extending the date 10 days as there is still 20 to go. So they wait until the last minute and get it extended out as far as possible. hope this bit of data might help ease someone's mind...( I don't know if it would ease mine or not knowing this, but who knows.....I hope we don't get that far)
Have a great week everyone! I hope a bunch of approvals come through this week.
Cassie