Loan Modification Forum - LoanSafe.org - View Single Post - Missed April & May payment, late payments reported, NACA started

sqa4life · 05-20-2009, 09:35 AM

Hello,
NACA has just submitted my loan modification request to CW yesterday and asking for a large payment reduction. I afraid that CW will not approve and they might move forward with the foreclosure. At the same time, i was talking to a short sale expert and thinking of list the house for sale now while NACA is working with CW. So, if CW denied our loan modification request, we still can short sale the house.

I heard they require the house must be listed at least 60 or 90 days before they approve short sale, right?

Is this a good plan?

05-20-2009, 09:35 AM	#26 (permalink)
sqa4life Senior Member Join Date: Apr 2009 Posts: 36 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Quick Question: Short Sale Listing and NACA Hello, NACA has just submitted my loan modification request to CW yesterday and asking for a large payment reduction. I afraid that CW will not approve and they might move forward with the foreclosure. At the same time, i was talking to a short sale expert and thinking of list the house for sale now while NACA is working with CW. So, if CW denied our loan modification request, we still can short sale the house. I heard they require the house must be listed at least 60 or 90 days before they approve short sale, right? Is this a good plan?