[md37793]

We currently have a 80/20 ARM originated in 2006. The home was originally worth around $300,000 but I would estimate it at around 230k now. The second mortgage is with HSBC. At the time we bought the house, our debt to income was around 28 percent, but with the tumbling economy we have each taken substantial paycuts. Now it is unmanagable. We are not late yet but are on the verge. Currently, we have sent everything to countrywide and they froze our account online and told us to wait until today for a decision and that a modification should be reflected online (which I know was total crap). Well, today passes and the customer service rep stated that she did not know if the loan would be modified, but that if it was to be that we would recieve a package via fedex in a week or so. It sounds to me as if we are being strung along. Does anyone have any insight into how to get them to get moving a little faster. We are pulling payments out of thin air and are almost out of breath!