Loan Modification Forum - LoanSafe.org - View Single Post

tandm · 06-08-2009, 03:01 PM

Interesting - I went on BofA website and checked the status of our loan and it shows we are in a new workout mode (our previous one was cancelled). We submitted through NACA on 5/11 and I was just checking as I'm supposed to make my phone call into BofA in one month (Thursday).

Current Workout Status

(Previous offer - my note)

Our records indicate that there is more than one workout plan associated with this account. Please select "view the details" for each section below to expand the page. You may collapse individual sections by selecting "hide the details."

Workout Status Details: Your Loan Modification has been canceled from workout servicing. We regret to inform you that the loan did not qualify for a Workout Assistance program. Please be advised that normal collections activities will resume on your loan. Please continue to explore alternative options to bring your account current. If there is any change in your financial situation, please call for reconsideration. Thank you.
Information as of: 05/26/2009
Workout Stage: Canceled
Phase/Sub-Phase: Borrower Did Not Qualify

(NACA one - my note)

Workout Status Details: Your request for assistance is under review. During the review process, a thorough examination and analysis of your loan will be completed. During this time, we may or may not need additional information from you. It is common that you will not hear anything from us during the review period, but please be advised that all collections activities have been temporarily suspended during this review period. We expect more information to be available on 07/09/2009. If your status remains unchanged after the 07/09/2009, please call and speak to a customer service representative. Please do not call back before 07/09/2009 as that will delay the process. Please respond promptly to any calls or requests that you may receive from us during this period. Lack of response will cause your workout to be delayed or cancelled. Thank you.
Information as of: 06/04/2009
Workout Stage: Processing
Phase/Sub-Phase: Active Processing

So that's it - but that was quicker than I'd anticipated. I figured we'd been floating around in nowhere land for a few months. At least our NACA offer is in the loop.

Our investor is BONY, by the way.

06-08-2009, 03:01 PM	#59 (permalink)
tandm Senior Member Join Date: Jan 2009 Location: Orange County, CA Posts: 163 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: NACA/CW MAY Restructure Submittals Interesting - I went on BofA website and checked the status of our loan and it shows we are in a new workout mode (our previous one was cancelled). We submitted through NACA on 5/11 and I was just checking as I'm supposed to make my phone call into BofA in one month (Thursday). Current Workout Status (Previous offer - my note) Our records indicate that there is more than one workout plan associated with this account. Please select "view the details" for each section below to expand the page. You may collapse individual sections by selecting "hide the details." Workout Status Details: Your Loan Modification has been canceled from workout servicing. We regret to inform you that the loan did not qualify for a Workout Assistance program. Please be advised that normal collections activities will resume on your loan. Please continue to explore alternative options to bring your account current. If there is any change in your financial situation, please call for reconsideration. Thank you. Information as of: 05/26/2009 Workout Stage: Canceled Phase/Sub-Phase: Borrower Did Not Qualify (NACA one - my note) Workout Status Details: Your request for assistance is under review. During the review process, a thorough examination and analysis of your loan will be completed. During this time, we may or may not need additional information from you. It is common that you will not hear anything from us during the review period, but please be advised that all collections activities have been temporarily suspended during this review period. We expect more information to be available on 07/09/2009. If your status remains unchanged after the 07/09/2009, please call and speak to a customer service representative. Please do not call back before 07/09/2009 as that will delay the process. Please respond promptly to any calls or requests that you may receive from us during this period. Lack of response will cause your workout to be delayed or cancelled. Thank you. Information as of: 06/04/2009 Workout Stage: Processing Phase/Sub-Phase: Active Processing So that's it - but that was quicker than I'd anticipated. I figured we'd been floating around in nowhere land for a few months. At least our NACA offer is in the loop. Our investor is BONY, by the way.