Loans, Debt & Credit - View Single Post - Naca is not responding to emails/messages...

unemployedinaz · 08-09-2009, 06:59 PM

Sunny,

Same situation here. I have called NACA and emailed and left messages uber amounts of times and never yet have received any type of response -that is until I emailed them directly thru the NACA website "complaint" area. I just received a response that they will call me soon.

We filed with NACA 5/5 for a restructure and just received an "offer" from BOA. I found out later that this was not in response to what NACA submitted, rather something directly from the bank. We have to send this FED EX back by Aug 27 should we decide to accept. I am not happy with the modification as it adds 13 years and $13k to the end of our mortgage. Our payments drop by $300/mo & interest drops 2% to 5.5. If it wasn't for the additional years & 13k I would accept, but I can't see paying $202,000 for a home that is now accessed at $75. I am torn about if I want to start the process of moving; how will I get a loan with my now-crappy credit; blah blah.

Please keep us posted on your progress. I just am not sure what to do -- if I don't get another offer thru NACA. I don't want to be stuck with NO options whatsoever! Time is running out....

08-09-2009, 06:59 PM	#10 (permalink)
unemployedinaz Senior Member Join Date: Dec 2008 Location: Phoenix AZ Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Naca is not responding to emails/messages... Sunny, Same situation here. I have called NACA and emailed and left messages uber amounts of times and never yet have received any type of response -that is until I emailed them directly thru the NACA website "complaint" area. I just received a response that they will call me soon. We filed with NACA 5/5 for a restructure and just received an "offer" from BOA. I found out later that this was not in response to what NACA submitted, rather something directly from the bank. We have to send this FED EX back by Aug 27 should we decide to accept. I am not happy with the modification as it adds 13 years and $13k to the end of our mortgage. Our payments drop by $300/mo & interest drops 2% to 5.5. If it wasn't for the additional years & 13k I would accept, but I can't see paying $202,000 for a home that is now accessed at $75. I am torn about if I want to start the process of moving; how will I get a loan with my now-crappy credit; blah blah. Please keep us posted on your progress. I just am not sure what to do -- if I don't get another offer thru NACA. I don't want to be stuck with NO options whatsoever! Time is running out....