Just got this email from NACA regarding servicers/lenders

[MoneyPit]

Dear Homeowner,

NACA is now in a position to get your Mortgage Restructure Solution done! NACA's Accountability Campaign and Predator's Tour of the CEO's homes was a tremendous success. We now have all of the major Servicers/Lenders on board in accepting the NACA Restructure Solution - over 90% of homeowners are now covered by NACA agreements. Also, the difficulties we have had with some of the Servicers have now been resolved.

As you know the NACA Restructure Solution, is based on determining a mortgage payment you can afford by permanently reducing the interest rate and the outstanding principal, if necessary, to achieve this affordable long-term payment. While it is disappointing that President Obama's foreclosure prevention program does not address the mortgage crisis with a long-term affordable solution, NACA is the one bright light that does.

For those whose cases have been in review with the Servicers, many of you will soon get the great news that your NACA Restrucuture Solution has been accepted. While everyone should be hearing from us in the near future, if you have not been contacted by March 31st please call our Counseling Center at 1-888-404-6222. If your file has not been submitted to the Servicer and you are having difficulties reaching our local office, you can call NACA's National Membership Center at 1-888- 302-6222 for assistance.

I want to thank the thousands of homeowners who participated in the Predator's Tour and other advocacy actions. Your committment and participation is now making the NACA Restructure Solution a reality for tens of thousands of homeowners. We need to continue the advocacy to make sure everyone gets the the NACA Restructure Solution.

Thank you,

Bruce Marks
NACA CEO

P.S. If you are or have worked in the mortgage industry and can give us additional insight on the problems and abuses please contact Jim D 'Agostino at 1-888-297-5568 ext. 232. Also, visit www.naca.com to stay informed and continue your participation.

[brokemama]

I got it too, MoneyPit, and started a thread on it. I immediately called NACA and was told my file was submitted to ALS and to follow up in 2 weeks. I'm sitting on pins-and-needles, afraid to get too excited but still having hope that the restructure proposal will be accepted. It seems NACA has all servicers and lenders on board with them which is amazing! Especially ALS who seems to think they are above the fray and don't have to help anyone, especially those of us current but drowning...

[MoneyPit]

Woops! I didn't realize there was a thread already. I searched quickly but was excited about it and running late. lol.
I'll go look for yours.
I'm very hopeful. What a nice feeling.

[brokemama]

I hear ya, MoneyPit! I am hopeful for the first time in about 3 years. It's an awesome feeling for sure