Ok all...update from NWSHC Task Force. Had follow up meeting with IM/OW, OTS and reps from various congressional districts. Per VP of IM/OW, they are now, officially, finally (as of Fri, Aug 7) approved and accepted to modify loans per HAMP. They have reviewed our groups' situations (49 of us) and those at the meeting received an answer about their mod request - either approved, still pending or denied. If denied, were told why denied (either didn't qualify for HAMP or FDIC mod and why not qualified). Some were given forebearance plans where they might be close to qualifying but still needed time to get something approved. I am happy to say that I was told my family did qualify for a mod and should recieve actual offer within the next 7 days.
Hopefully the figure they come up with is actually doable for us. Meeting in 3 weeks with homeowners to discuss feelings about offers. If not ok, will meet with IM/OW and OTS again next month for round 3. Will keep you posted.
As for investor info, finally found out I had a Fannie Mae loan. With that, Fannie loans should automatically be put thru HAMP to see if qualified. Do what you must to find out who your investor is to make sure you are getting what you're entitled to under HAMP. HAMP mods
must contain principal, interest, taxes and insurance and be 31% of gross income. HAMP offers should state that its an offer under the Making Home Affordable Plan and/or contain seal of Special Inspector General/Troubled Asset Relief Program.
Northwest Side Housing Center (Chicago) is open to anyone and everyone wanting help. Found out that there is a group in LA of about 200 IM/OW homeowners doing the same thing we are....banding together and making IM/OW listen and answer to get modifications done. It shouldn't have to be this way, but if this is what we have to do to help ourselves and others, so be it. There is strength in numbers. These folks (IM/OW, OTS) know we mean business and as long as we keep on them, they will have to answer us and make the changes necessary to save our homes. Find the nearest HUD counselor by you - they are a huge help.
Here's a link to a blog one of our homeowners started with recent news articles and some info on our group:
IndyMac Homeowner Campaign