Hi Tandknix, u are the first person I have seen that is actually working with naca, how is that going? we started the process with Naca though, have not gone to
CW, I am letting Naca try their proposal first. In February we got a Modification to bring the loan current (hubby's 1st pay cut) but all that did was make the payment higher, we were told we didn't qualify for a rate reduction in 2/08 since we had a fixed rate of 11% and not an adjustable, but the programs have since changed to include fixed and the new program on 12/1 does include fixed sub prime loans. I had such a horrible time communicating and getting information or help from anyone at
CW the first time around in Feb, I chose to try Naca first, then if that doesn't work then go the
CW route.
tandknix when did your naca proposal get submitted to
CW? what did they tell you when you told them (
CW) that u were working with naca? oddly enough I have not gotten any collection calls, just a letter a few months ago that said I would be in default come 10/2 and then I got another letter prior to the naca submission that said I may qualify for a modification program that I needed to call them with my info, I didn't call them yet as I was waiting to find out about the naca thing first. don't want to get too many things going at once, as it seems to confuse an already confused bunch of people at
CW.