Loan Modification Forum - LoanSafe.org - View Single Post

mshanie · 03-08-2009, 06:59 AM

SALE DATE CANCELLED BY CW LAWYERS, on 3/3/2009 I had my sale date cancelled by cw. I was shocked. I found out on 3/5/2009, my sale date was set for 3/17/2009!!!So I began doing some researching,it was NACA.....

Although this is not a guarantee of anything, I understand that once your NACA paperwork is submitted and received by cw, they have an agreement with NACA to stop the sales and foreclosure proceedings, until they review the solution from NACA , as to the workability of the deal. Even though this may not workout, I did get a couple of nights of semi-stress free sleep. Thanks solely to NACA we still have a chance at saving our home at an affordable payment.

CW
1st try
cancelled
borrower did not return requested documents

2nd try
cancelled by investor

3rd try
cancelled
borrower did not meet investor guidelines

4th try
cancelled
borrower not qualified

Al of these responses from cw seemded pretty generic, we wouldn't have been trying for a restructure through cw if we had a ton of money lying around, but apparently thats all they want. All of their responses concluded with, if you have a change in your financial situatio, please call us back, continue to explore other options to bring your loan current!!!!blah..blahhh

NACA
1st try
submitted to servicer-restructure

NEED I SAY MORE!!!!

03-08-2009, 06:59 AM	#20 (permalink)
mshanie Senior Member Join Date: Dec 2008 Location: Indiana Posts: 105 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: Everyone, CW/NACA SUCCESS!!!! SALE DATE CANCELLED BY CW LAWYERS, on 3/3/2009 I had my sale date cancelled by cw. I was shocked. I found out on 3/5/2009, my sale date was set for 3/17/2009!!!So I began doing some researching,it was NACA..... Although this is not a guarantee of anything, I understand that once your NACA paperwork is submitted and received by cw, they have an agreement with NACA to stop the sales and foreclosure proceedings, until they review the solution from NACA , as to the workability of the deal. Even though this may not workout, I did get a couple of nights of semi-stress free sleep. Thanks solely to NACA we still have a chance at saving our home at an affordable payment. CW 1st try cancelled borrower did not return requested documents 2nd try cancelled by investor 3rd try cancelled borrower did not meet investor guidelines 4th try cancelled borrower not qualified Al of these responses from cw seemded pretty generic, we wouldn't have been trying for a restructure through cw if we had a ton of money lying around, but apparently thats all they want. All of their responses concluded with, if you have a change in your financial situatio, please call us back, continue to explore other options to bring your loan current!!!!blah..blahhh NACA 1st try submitted to servicer-restructure NEED I SAY MORE!!!!