Re-post Anyone with a MHA Trial Mod please answer????

[mojamz]

The letter in my trial mod stated, "The Trial Period Plan will not be final until the information you provide has been verified and accepted and the Trial Period Plan has been signed by or on behalf of the Servicer."

A little confused, I received a trail mod packet and the trail mod says to make the modified payment Oct 1. The packet was returned. Although a trail mod was offered, is the trail mod contingent upon a signature from the bank or do I just start making the modified payments? Thought the trial mod was determined in the preliminary evaluation and the purpose of the trial mod was to evaluate whether a person will be eligble for a final modification.

Anyone going through deealing with BofA as the servicer and Fannie Mae as the investor please clarify.

[Garry]

I do not believe anyone has gotten that signed paper back, I called the bank and they said it will be sent after your last payment when they send the actual mod terms. You should make the payment, don't blow the deal.

[ama125]

There are many people on the forum who are in the trial period (many are actually nearing the end of that trial). I have not seen even ONE report of anyone getting signed documents back and I think I've only seen one post of getting a permanent mod after the trial (though I could be wrong about that). I would push for more information from BofA if you are confused (and I don't blame you at all for that because it IS confusing!). Good luck and please post if you are able to find anything out.

[mojamz]

Just fount this on Fannie Mae's website.

Upon receipt of the Trial Period Plan from the borrower, the servicer must confirm that the borrower meets the underwriting and eligibility criteria. Once the servicer makes this determination and has received good funds for the first month’s trial payment, the servicer should sign and immediately return an executed copy of the Trial Period Plan to the borrower. Payments made by the borrower under the terms of the Trial Period Plan will count toward successful completion irrespective of the date of the executed copy of the Trial Period Plan.

[mojamz]

Originally Posted by Garry

I do not believe anyone has gotten that signed paper back, I called the bank and they said it will be sent after your last payment when they send the actual mod terms. You should make the payment, don't blow the deal.

Just found... this is from Fannie Mae's Servicer Guide
Upon receipt of the Trial Period Plan from the borrower, the servicer must confirm that the borrower meets the underwriting and eligibility criteria. Once the servicer makes this determination and has received good funds for the first month’s trial payment, the servicer should sign and immediately return an executed copy of the Trial Period Plan to the borrower. Payments made by the borrower under the terms of the Trial Period Plan will count toward successful completion irrespective of the date of the executed copy of the Trial Period Plan

Upon receipt of the Trial Period Plan from the borrower, the servicer must confirm that the borrower meets the underwriting and eligibility criteria. Once the servicer makes this determination and has received good funds for the first month’s trial payment, the servicer should sign and immediately return an executed copy of the Trial Period Plan to the borrower. Payments made by the borrower under the terms of the Trial Period Plan will count toward successful completion irrespective of the date of the executed copy of the Trial Period Plan.

Today 03:35 PM

[Garry]

I've already faught up and down with the bank about this. I read it the same way you do. I have done a little reading about bulk mailings for MHA trials, they are pre-aproved from what I am understanding, and I think this is what the bank was trying to tell me when they said don't worry about it. I've made my second payment without that signed paper and everything is fine so far. I very much understand your concern, I have the same, but don't let it blow the deal. You can argue it later.

[Confused!]

I think Garry and I are in the same trial period as we have both made 2 payments under it already. My 3rd one is due october 1st, and there is some confusing language within the documents about a possible 4th one being due after that. I would strongly advise to make the payments, and make them on time, because if you do not pass the test as far as making those payments timely goes, you will not get the mod.
When did you return your packet, and have you verified that they have received it? I ask because there are certain issues that can come up if your documents aren't just how they want them. I myself have had to fax items to them on 3 separate occasions already because they are picking my paperwork apart. I do believe it is a stall tactic on their behalf, but I have no choice but to comply if I am to get my loan modified in the end. This past time I absolutely lost it on the HOPE team rep because of having to deal with yet another issue, and my file has been escalated. Instead of waiting 7-14 days for them to acknowledge my fax, this time they acknowledged it in two days but it is "under review" whatever that means.
Just make the payments and call them frequently to make sure your paperwork is moving along as it should. They are not good about calling you to tell you something is wrong-probably because you only have a certain amount of time to respond and they'd rather see you run out of time and be denied than to comply and move forward.
I don't know of a single person that has the completed paperwork yet, but many of us are in the trial period and are making the payments. Just stay on top of it and be prepared to pursue it relentlessly-chances are you will have to.

[AzGryffindor]

You can add me to the group as I'll be making my 3rd payment this coming Friday and I haven't received my signed Trial Mod doc's either.

The important word in the phrase is SHOULD. Note that it does not state MUST.

[Liz Medrano]

I just finished my fourth trial payment with Wells Fargo, they don't send back the trial paperwork either-They told me I will get a fully executed final mod package, but that they don't execute the trial docs. I know I am in the program because my house was set to sell at court and the bank suspended it after they received our first payment along with all of the required paperwork.

[mojamz]

I just mailed it today. in the FedEX envelope they provided. As my negogiator is Melissa Henderson (no good comments on this site about her). I left 3 voice mails today and I e-mail her and cc. Barbara DeSoer. Good to keep a paper trail!

Melissa,
This is a follow-up e-mail to confirm receipt of your message left on 8/28. I did return your call on 8/31 as per your voice message. I was unable to speak with you. I did leave 3 voice messages. It was stated in two of the messages I left that I received a MHA trial packet and it was returned 8/31 to your office in the envelope provided. I provided all the information as requested. The FedEx tracking is #425169896156.
Please help me understand, the initial letter states, The Trial Period Plan will not be final until the information you provide has been verified and accepted and the Trial Period Plan has been signed by or on behalf of the Servicer"? Please clarify this. Am I to wait for confirmation of for the Trial Period Approval before I start making the modified payments(OCT 1) as instructed in step one of the Trial Period Plan offer?

I am sure you are quite busy but hope you will take time to answer my question above. You may contact me at (951) 601-1792. I in the eastern standard time zone. I look forward to hearing from you and appreciate your assistance.

[mojamz]

The must is indicating them signing and immediately return an executed copy of the Trial Period Plan to the borrower. This I will take up with Fannie Mae which is my investor since it came from the website. Maybe they are not aware that the servicer's are not complying because it is not being reported. You are entitled to a copy of anything you sign. They feel we are at their mercy and will take crap. Not I!

[Liz Medrano]

mojamz,

Your package didn't require you to send the first payment back with the signed docs? We were required to send the first payment in with the package.

[mojamz]

It specifically stated to pay using regular paynment method and the address provided is the same address I currently mail my mortgage payments to. It stressed not to send payment with documents. This is probably why some people have reported payments have been sitting on someone's desk. I am signed up for bill pay through my bank with BofA and will have a paper trail as to when they receive the payment. I can specify the date I want it paid. Not a problem!

[lostsoul1]

Well I wish you guys luck on that. I recieved the packet also asking for the 3 month trial test and the payments were 100 bucks less then the normal one. Then they state that if you pass the test you can MAYBE get on the MHA plan and something might change? What kind of BS is that? I sent them all the info they wanted.. but if they cant after 6 months of BS tell me : 1) that I can get on the MHA 2) My new fixed payments will be @#@ for 30 years Then F them!(sorry). I have NACA working on this too.. so I'm not sending anything of BofA in until I hear what NACA can do. I spent hours on the phone with NACA giving them ALL my expenses while BofA only asked for the basic. I think this trial BS is all about getting $$ to flow to them and give people hopes on something the bank will never deliver.

[Garry]

Originally Posted by lostsoul1

Well I wish you guys luck on that. I recieved the packet also asking for the 3 month trial test and the payments were 100 bucks less then the normal one. Then they state that if you pass the test you can MAYBE get on the MHA plan and something might change? What kind of BS is that? I sent them all the info they wanted.. but if they cant after 6 months of BS tell me : 1) that I can get on the MHA 2) My new fixed payments will be @#@ for 30 years Then F them!(sorry). I have NACA working on this too.. so I'm not sending anything of BofA in until I hear what NACA can do. I spent hours on the phone with NACA giving them ALL my expenses while BofA only asked for the basic. I think this trial BS is all about getting $$ to flow to them and give people hopes on something the bank will never deliver.

The trial period is mandatory for the MHA program and is set by the Gov. It's intended to protect tax payer money, there is no way to get around it that I am aware of. Everyone signs the same agreement stating this is not a promise for an actual mod. If you need the MHA program, you have to take the chance.

[MAXIE19]

Garry, MHA is a federal program, not state. The Gov has nothing to do with it.

[MAXIE19]

I assume with Gov you meant, Governor, if you meant government as in federal government, then you are correct.

[ama125]

Originally Posted by MAXIE19

I assume with Gov you meant, Governor, if you meant government as in federal government, then you are correct.

Yes, speaking for Garry, he is just abbreviating the word "government" and not "governor". Maybe we need a sticky for all the acronyms and abbreviations.

[SherriV]

I was offered a trial mod, sent in my package, confirmed it's receipt, sent in my first payment for Sept 1.

Last Friday, the special advocate assigned to me from Barbara's office called to tell me the Home Retention Team did not have my documents.

Confused, I called the Hope Team - who are the one's responsible for sending out the docs and was told they did have it. Even more confused, I spent 4 hours on the phone with BoA. Because I'm working with this advocate, everytime I call the HRT 800#, I'm rerouted to the office of the chairman. Frustrating! In any event, my foreclosure hearing is today. Sale date is 9/22. My payment is sitting in a miscellaneous account and I don't know how I can confirm this payment will go towards my first trial mod payment.

My husband managed to speak with the advocates supervisor who told us that the Hope Team is considered a vendor to BoA. WHAT?

Anyhow, they need your payment by the due date. Don't wait for a signed Trial Mod to be mailed back to you before you make the payment.

[lostsoul1]

Originally Posted by Garry

The trial period is mandatory for the MHA program and is set by the Gov. It's intended to protect tax payer money, there is no way to get around it that I am aware of. Everyone signs the same agreement stating this is not a promise for an actual mod. If you need the MHA program, you have to take the chance.

thanks for the reply. When I was talking to NACA they agreed it didnt make since to make payments on a trial period without knowing if I can even get on the plan and what my payments will be. They told me they will deal with BofA and tell me if I can get on it and what my final payments are going to be. I'll be damned if I'm going to throw any more good money on a house 100K over just to be lied to again from them. I'm not paying a red cent till I get the truth and get the final payment. The idea to have people pay and not know if they are going to get a lower rate is stupid. All they need to do is look at ALL the info I gave them and say yes or no.. and what the payment will be.. Then they can do a trial payment on that rate. I mean really... how hard can it be? What idiots thought of this setup. People are playing their game and getting railroaded for it. BofA called me now(another automated call), I gave them all my info and I'm not going to talk to them till I hear from NACA. BofA can stick their package and trial period. I have giving them MY 6 month trial period and they failed. I was lied to over and over and I'm sick of it. IF naca cant do anything then they can have this hose and take a BIG loss. Here in Cali its almost not worth having a house anymore. Damn liberal **** taxing us for everything.. AHHHHHHHHHHHHH!!!! ....................... ............ Damn that felt good! =-)

[Garry]

Originally Posted by lostsoul1

thanks for the reply. When I was talking to NACA they agreed it didnt make since to make payments on a trial period without knowing if I can even get on the plan and what my payments will be. They told me they will deal with BofA and tell me if I can get on it and what my final payments are going to be. I'll be damned if I'm going to throw any more good money on a house 100K over just to be lied to again from them. I'm not paying a red cent till I get the truth and get the final payment. The idea to have people pay and not know if they are going to get a lower rate is stupid. All they need to do is look at ALL the info I gave them and say yes or no.. and what the payment will be.. Then they can do a trial payment on that rate. I mean really... how hard can it be? What idiots thought of this setup. People are playing their game and getting railroaded for it. BofA called me now(another automated call), I gave them all my info and I'm not going to talk to them till I hear from NACA. BofA can stick their package and trial period. I have giving them MY 6 month trial period and they failed. I was lied to over and over and I'm sick of it. IF naca cant do anything then they can have this hose and take a BIG loss. Here in Cali its almost not worth having a house anymore. Damn liberal **** taxing us for everything.. AHHHHHHHHHHHHH!!!! ....................... ............ Damn that felt good! =-)

I don't blame you for feeling that way, I sit here and wonder at least once a day if all this hell is worth it. I could have went down the street and rented a house a long time ago for half of what my payment is and I might be a lot better off. The fight we are going through to save our homes is rediculus, I have gone way, way beyond what I should have to, to save my house, and I will still be upside down after the fight. How stupid can the banks be, they will be the ones that loose in the end if we walk away.

[Tartbird]

Originally Posted by lostsoul1

Damn liberal **** taxing us for everything.. AHHHHHHHHHHHHH!!!! ....................... ............ Damn that felt good! =-)

Not sure what that statement has to do with any of the things you are going through. NACA is probably only around for you to use because of those "Damn liberals".

It is the damn greedy banks that got us into this mess, and they ain't liberals.

Tartbird

[Garry]

Originally Posted by Tartbird

Not sure what that statement has to do with any of the things you are going through. NACA is probably only around for you to use because of those "Damn liberals".

It is the damn greedy banks that got us into this mess, and they ain't liberals.

Tartbird

Well said. In the end the joke will be on them, they are shooting their own foot off.

[mojamz]

Originally Posted by SherriV

I was offered a trial mod, sent in my package, confirmed it's receipt, sent in my first payment for Sept 1.

Last Friday, the special advocate assigned to me from Barbara's office called to tell me the Home Retention Team did not have my documents.

Confused, I called the Hope Team - who are the one's responsible for sending out the docs and was told they did have it. Even more confused, I spent 4 hours on the phone with BoA. Because I'm working with this advocate, everytime I call the HRT 800#, I'm rerouted to the office of the chairman. Frustrating! In any event, my foreclosure hearing is today. Sale date is 9/22. My payment is sitting in a miscellaneous account and I don't know how I can confirm this payment will go towards my first trial mod payment.

My husband managed to speak with the advocates supervisor who told us that the Hope Team is considered a vendor to BoA. WHAT?

Anyhow, they need your payment by the due date. Don't wait for a signed Trial Mod to be mailed back to you before you make the payment.

SherriV,
Did you send your payment with the trial documents? If you rec'd the trial mod paper work for MHA it said not to send your payment with documents to send payment to your regular payment address.
My paperwork was rec'd today. I spoke with Melissa the assigned negogiator. She said, the reason she was assigned my case was because it went through the office of Barbara Desoer. I rec'd the mod trial before I was assigned the negogiator. I explained I had return the Mod offer and asked if she were the one to do the review. She said, it comes to the office and they review it but did not say she will be the one reviewing the documents. She only reviews for mod pre-qualifications. So, now this is where all the confussion comes in. Who to contact for follow-up? She did offer to answer any future questions. Not likely as it is hard to reach them.
I also rec'd a recorded message today from BofA that I should rec'd special documents via FedEx in 5 days. I wonder what now? Another mod packet. Are they getting wires crossed or what?
Here's a trick...for every phone call I made and no response I followed up with an e-mail to the negogiator and cc Barbara Desoer. Didn't have a problem with the negogiator returning my calls then. I noticed every attempt she made was during the hours I would not be home. I left her a message today and told her she keeps trying to contact me during the hours I am not home. I don't want this to go on record as several attempts were made to contact me and I could not be reached. As far as the fedex mod document before I mailed them back I made a copy of the fedex label they provided and went to the fedex site and requested a delivery confirmation be sent to Barbara Desoer and the Negogiator along with myself. This way I will have proof that they were aware of the date the documents were delivered to the office. As far as them recieving the documents and whose hands or desk it"ll end up on is a guess. I want a paper trial. I will call back tomorrow to see who has my paperwork because I know it was delivered. I am fed up with the run around!!!!!!!!!!

[lostsoul1]

Originally Posted by Tartbird

Not sure what that statement has to do with any of the things you are going through. NACA is probably only around for you to use because of those "Damn liberals".

It is the damn greedy banks that got us into this mess, and they ain't liberals.

Tartbird

I was referring to property and the all around over tax here in California for everything which doesn't help at all. Not to mention the $7K of supplemental tax that went to local schools that I had to pay last year. Your right about the banks and greed... Basically, we are all getting screwed by both ends of the stick. Since the banks seem "un-willing" to do loan mods then all tarp funds should be taken back, along with any interest they made off of it. Garry, I'm so close to do what you were thinking. My wife signed a waiver when I bought the house 2 years ago, so her credit is doing good. If Naca cant get me a good rate 2-3% then the house is not worth keeping. I'm on my 4th month of no payment so until they knock down the door I will just keep saving what I can. As mad and screwed up as I am I know many of you are in a worse position. I just dont see many of us winning this thing =-(