we have also gotten 2 successful modifictions from
CW, the first one last year in May 08, husband got first paycut in November 07 shortly after we refinanced with
CW and 2nd larger one in Feb 08, we asked
CW for a modifiction to include a lower rate (our original sub-prime fixed rate was 11.125%, that's a whole other story posted in my thread, in the success secton) what they gave us was the standard adding past due to the end of loan, increasing our loan balance an montly payment we were able to afford this by not paying on 2 of our credit cards and getting extensions on are car payments that let us skip a month so we could get ahead, made a payment in May was supposed to be for june payment but went to modification fees instead, new payment due july 08, I lost my job on June 2, 2008 and used my 401k disbursement to make july's payment, now we were in real trouble, I called
CW in August (tyring to be proactive) got no help since were not technically behind at that time, told me get a job, like I wasn't already trying to do that, now it becomes september we are now due for 2 payments, called them and got the run around, called home retention they sent me to collections, called custome service they sent me to home retention who then sent me back to collections, geez, found a link on
CW's website actually for Naca and went directly to them for help, they submitted a proposal to
CW on 10/6 got approval in December, got the modification in Jan 09, it is now a done deal completed and closed and I got a lower rate to 6% fixed for the life of the loan,
Yahoo for Naca! so you can get 2 mods within 12 months depending on your situation. I would try working with Naca if
CW is not helping you, good luck friend!