Loan Modification Forum - LoanSafe.org - View Single Post - Is there still no one with a modification offer on the dec. 1???

gray517 · 01-12-2009, 10:13 AM

we got our loan mod through naca, thier home save program helped us restructure our mortgage to a fixed for the life of the loan 6% rate and an affordable payment, the process with them takes 60-90 days, but alot of that is the delay with cw ( cw is slow regardless) we were told we were approved for 12/1 program sent in paystubs yada yada! but never got any actual offer of terms from cw, we had already started with naca on 10/6 and got our approval with them on 12/12, got my mod docs on 1/9. if you are thinking of using naca don't wait, do it now as it takes awhile. according to the guidelines for 12/1 program you need to be 60 days in default. if you are not that could be why some are getting denial letters.

01-12-2009, 10:13 AM	#22 (permalink)
gray517 Senior Member Join Date: Nov 2008 Location: Florida Posts: 627 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is there still no one with a modification offer on the dec. 1??? we got our loan mod through naca, thier home save program helped us restructure our mortgage to a fixed for the life of the loan 6% rate and an affordable payment, the process with them takes 60-90 days, but alot of that is the delay with cw ( cw is slow regardless) we were told we were approved for 12/1 program sent in paystubs yada yada! but never got any actual offer of terms from cw, we had already started with naca on 10/6 and got our approval with them on 12/12, got my mod docs on 1/9. if you are thinking of using naca don't wait, do it now as it takes awhile. according to the guidelines for 12/1 program you need to be 60 days in default. if you are not that could be why some are getting denial letters.