Loan Modification Forum - LoanSafe.org - View Single Post - After 1 year, Loan Modification Approved!!

Jenn85 · 05-26-2009, 07:58 PM

Wow, where to start. Basically, after 1 year, CW finally came through. A little more than a year passed from initial negotiations to an agreement with CW!!

We had pretty much given up negotiations when they had all but slowed to a trickle. A co-worker took advantage of the low housing prices in the area, bought a foreclosure and needed a renter. As my home would soon be in foreclosure, I needed a rental. As far as we were concerned, this was an answer to our prayers, a rental from someone we knew, no credit check and the kids could stay in the same school.

The day had arrived that after 8 years in our home, we had to move. So, we packed up, moved and rarely looked back. My Husband would go back every week to mow the lawn, get the mail (we hadn't managed to put in the change of address) and make sure all was well. It was on one of these occasions about 3-4 weeks after the move that my husband went to water and lo behold, on the porch was a Fed Ex package. Dare we hope??

He brought it home and we opened it, and there it was. A fixed rate for 10 years then from year 11 - 30, 6.99%. Why now, why after we had moved and 13 months from the last payment.

I called the next day and asked , "why now"? I was told the Attorney General, under the direction of the new Presidential Administration, went into all of CW's files and whichever accounts met their criteria for a Loan Modification, those account holders were contacted and offered their Loan Modification.

So, we agreed to the Modification and promptly gave notice for the rental we were in and shortly thereafter, moved back into our home.

It's been 2 months. We are so relieved to be back into our home with the past years nightmare behind us and hope we do not have to move again for a very long time. I am confident that the e-mail I sent all those months ago from the guidance I received from ***, contributed to the Modification request getting noticed and approved. We are so grateful for the information offered here, Thank you, Thank you, Thank you!!

May you be blessed 10 fold!!

Jenn85

05-26-2009, 07:58 PM	#32 (permalink)
Jenn85 Member Join Date: Jun 2008 Posts: 17 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	After 1 year, Loan Modification Approved!! Wow, where to start. Basically, after 1 year, CW finally came through. A little more than a year passed from initial negotiations to an agreement with CW!! We had pretty much given up negotiations when they had all but slowed to a trickle. A co-worker took advantage of the low housing prices in the area, bought a foreclosure and needed a renter. As my home would soon be in foreclosure, I needed a rental. As far as we were concerned, this was an answer to our prayers, a rental from someone we knew, no credit check and the kids could stay in the same school. The day had arrived that after 8 years in our home, we had to move. So, we packed up, moved and rarely looked back. My Husband would go back every week to mow the lawn, get the mail (we hadn't managed to put in the change of address) and make sure all was well. It was on one of these occasions about 3-4 weeks after the move that my husband went to water and lo behold, on the porch was a Fed Ex package. Dare we hope?? He brought it home and we opened it, and there it was. A fixed rate for 10 years then from year 11 - 30, 6.99%. Why now, why after we had moved and 13 months from the last payment. I called the next day and asked , "why now"? I was told the Attorney General, under the direction of the new Presidential Administration, went into all of CW's files and whichever accounts met their criteria for a Loan Modification, those account holders were contacted and offered their Loan Modification. So, we agreed to the Modification and promptly gave notice for the rental we were in and shortly thereafter, moved back into our home. It's been 2 months. We are so relieved to be back into our home with the past years nightmare behind us and hope we do not have to move again for a very long time. I am confident that the e-mail I sent all those months ago from the guidance I received from ***, contributed to the Modification request getting noticed and approved. We are so grateful for the information offered here, Thank you, Thank you, Thank you!! May you be blessed 10 fold!! Jenn85