Just got off the phone with NACA. The offer they are submitting to
CW is awesome. Major, Major principal reduction, 3.0% interest rate. This would mean a payment reduction, including taxes and insurance of $613.00! If this goes thru we will be able to keep our home. Rep suggested we ask for a one month deferral of our current payment, to give us time to come up with it, since with husband getting laid off it will be next to impossible to come up with the payment before the 15th of the month. If
CW doesn't agree, then we will do whatever it takes, even if it means using every penny we get at this point. Now we pray that
CW and our investor which we understand is Freddie Mac, will agree to the restructure.
